Project Finance
From renewable energy to infrastructure and industrial parks, large Vietnamese projects are increasingly financed on a limited-recourse basis. IVLF Advisors structures financing, security and offtake arrangements that satisfy both lenders and project sponsors.
What we handle
Financing structuring
Advising sponsors and lenders on loan, bond and blended-finance structures for renewable energy, infrastructure and industrial projects.
Security & collateral
Perfecting security over land use rights, assets, shares and receivables under Vietnamese secured-transactions law.
PPAs & offtake agreements
Negotiating power purchase agreements and offtake arrangements that meet bankability standards for domestic and international lenders.
Regulatory & licensing
Coordinating investment, construction, environmental and land approvals that projects need before financial close.
Getting a project to financial close
Financial close depends on aligning commercial terms with a stack of Vietnamese regulatory approvals — the two workstreams have to move together, not in sequence.
What security can lenders take over a Vietnamese project company?
Depending on structure, lenders can typically take security over land use rights, plant and equipment, project accounts, receivables under offtake contracts, and shares in the project company, subject to registration with the National Registration Agency for Secured Transactions.
Can foreign lenders take security directly in Vietnam?
Yes, though foreign-currency loans and offshore security arrangements require compliance with Vietnam’s foreign exchange and cross-border loan registration rules administered by the State Bank of Vietnam.
How long does it typically take to reach financial close on an infrastructure project?
Timelines vary widely by sector and approval complexity, but sponsors should budget for the land, investment and construction approval chain to run in parallel with financing negotiations rather than after them.