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BKL Advises KEB Hana Bank on its Strategic Investment in the State-owned Commercial Bank BIDV


BKL advised the Korean commercial bank KEB Hana Bank on its 1.02 trillion KRW purchase of a 15% stake (603,302,706 common shares) in the Joint Stock Commercial Bank for Investment and Development of Vietnam (“BIDV”). BIDV is one of the three largest state-owned banks in Vietnam, having its own stock brokerage, finance leasing, insurance and asset management limbs.


KEB Hana Bank, through this investment, hopes to firmly establish itself in the fast growing Vietnam market and is planning to provide high-quality financial services to Korean and Vietnamese companies based in Vietnam by collaborating with BIDV and its subsidiaries. In particular, KEB Hana Bank and BIDV aim to develop together by taking advantage of each other’s strengths in different areas - KEB Hana Bank utilizing BIDV’s network in Vietnam’s financial market as well as other local know-how while BIDV learning from KEB Hana Bank’s strengths in commercial and digital banking.


BKL’s South Asia team and Vietnam office provided comprehensive advice to KEB Hana Bank, from beginning to end, advising on the transaction structure, conducting legal due diligence, drafting and negotiating transaction documents and assisting with the approval process from the State Bank of Vietnam and the relevant authorities in Korea.

The BKL team was critical to the successful closing by advising on several different aspects of Vietnamese law and Korean law.

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