Baker McKenzie advised Military Commercial Joint Stock Bank (MB), one of Vietnam’s leading commercial joint stock banks, on multiple offshore US dollar financing transactions successfully completed during the first half of 2026 (1H2026) with an aggregate principal amount of USD 550 million.
The financings comprised a combination of syndicated and bilateral facilities involving a diverse group of international lenders across Asia, Europe and the United States. The facilities were led by leading international financial institutions including Standard Chartered Bank, Wells Fargo Bank, Landesbank Baden-Württemberg and Oversea-Chinese Banking Corporation. The proceeds of the facilities were applied towards MB’s credit growth in accordance with applicable Vietnamese laws and regulations.
The successful completion of these transactions in 1H2026 further demonstrates Baker McKenzie’s strong capabilities in advising on complex cross-border financing transactions involving multiple jurisdictions and a diverse syndicate of international lenders. The transactions also further strengthen MB’s credit profile and international funding credentials, reflecting the bank’s continued ability to access global liquidity, diversify its funding base, and attract leading international financial institutions, thereby strengthening its position in the international capital and banking markets.
The multi-jurisdictional Baker McKenzie team was led by Managing Partner Oanh Nguyen, Special Counsel Thai Ninh (Daniel) Ngo in Vietnam and Principal Emmanuel Hadjidakis in Singapore*. Other key members of the team included Local Principal Amanda Toh (Singapore) and Associates Hoang Nguyen Dang (Hanoi), Ingrid Au (Singapore), Vinny Yap (Singapore) and Anders Ong (Singapore).
Commenting on the deal, Oanh said, “We are delighted to have supported MB on these important financing transactions. The participation of leading international financial institutions reflects continued confidence in MB and Vietnam’s growth story. We are grateful for the opportunity to continue supporting MB’s strategic funding initiatives and value our longstanding relationship with the bank.”.
*Baker McKenzie Wong & Leow is the Singapore member firm of Baker McKenzie
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