Tuan Phung

Professional summary

Tuan Phung is a Managing Partner of PTN Legal with nearly 20 working years in legal field. Mr. Tuan has more 10 working years at Vingroup, take main responsibility on legal matters of material transactions regarding mergers and acquisitions, raising capital, international bonds issuance, listing company, cooperation and joint-venture etc. engaged by holdings of Vingroup. Before that, Mr. Tuan worked for Vision & Associates Legal, one of the top tier law firm in Vietnam.

Tuan Phung is admitted to practice in Vietnam as a qualified lawyer of the Hanoi Bar Association and a member of the Vietnam Bar Federation.

Involved Notable Merger & Acquisition Deals:

• Sale of strategic stake (common shares) in Vingroup JSC to SK Group for US$1 billion;
• Sale of strategic stake (convertible dividend preference shares) in Vingroup JSC to Hanwha Group for US$400 million;
• Initial equity offering of Vinhomes JSC and transfer of listed shares of Vinhomes JSC to foreign investors via put-through transactions for US$1.35 billion;
• Sale of strategic stake in Vinhomes JSC to a sovereign wealth fund of the Singaporean government as a pre-IPO investor for about US$853 million;
• Investment of US$300 million made by a consortium led by Warburg Pincus to acquire an approximately 20% equity interest in Vincom Retail JSC;
• Sale of 21.6 million shares of Vingroup JSC to foreign investors raising gross proceeds of approximately US$70 million;
• Strategic acquisition of 10% stake of Vietnam National Textile and Garment Group (Vinatex), 89.42% stake of Vietnam Exhibition Fair Center (VEFAC) and 92% stake of Civil Engineering Construction Corporation No. 6 (Cienco 6) as part of the equitization of State owned enterprises;
• Acquisition of 100% stakes in 05 locally-invested and well-known supermarket and retail chain including VinatexMart, Le’s Mart, Maximark, Fivimart and Vien Thong A.

Involved Notable Capital Markets Deals:

• An attempted international placement and public offering of newly issued shares of Vingroup JSC and registration for secondary listing on the Singapore Exchange;
• Issuance of unsecured 5-year US$450 million bonds using by Vinpearl JSC which can be exchanged to shares in Vingroup JSC listed on HOSE;
• Issuance of unsecured 5-year US$500 million bonds using by Vingroup JSC which can be exchanged to shares in Vingroup JSC owned by Vinpearl JSC;
• Issuance of unsecured 5-year US$300 million convertible bonds by Vingroup JSC which were bought out by international investors and listed on the Singapore Exchange;
• Issuance of US$200 million international high-yield bonds by Vingroup JSC which had 4.5 year maturity and were listed on the Singapore Exchange.

Involved Notable Financing Deals:

• Financing package of up to 12-year US$950 million raised by Vinfast LLC, the first Euler Hermes supported facility extended to a domestic company in Vietnam;
• A US$400 million syndication term loan facility raised by Vinfast LLC arranged by four international banks;
• A 3-year US$300 million senior secured term loan raised by Vinmec JSC arranged by four international banks;
• A 4-year US$25 million loan raised by a subsidiary of Vingroup JSC from Vietnam Oman Investment Fund which could be exchangeable for ordinary shares in Vinmec JSC.