Dacheng Wong ventures to Vietnam

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Singapore-based Dacheng Wong Alliance (DCWA) signed a memorandum of understanding with Vietnamese law firm Indochine Counsel last month.

The two firms intend to jointly organize seminars to discuss with clients the legal issues affecting clients in Singapore, Vietnam and India. DCWA, a Singapore-China joint venture law firm, took on India-qualified lawyer Yang Yen Thaw two months ago to co-head its India practice with managing principal Aloysius Wee.

Vietnam_-_Buffalo_shepherd“Vietnam is a very exciting market for us,” said Wee. “We have been working before with Indochine Counsel on Vietnamese business in and around Singapore and have been receiving enquiries about doing business in Vietnam from various clients, including those in India.”

“We are delighted to shake hands with the well-respected firm of DCWA,” said Dang The Duc, managing partner of Indochine Counsel. “This cooperation brings each of us a more local reach to the other jurisdiction, synergizes the resources from the two firms, and thus empowering both firms to provide the best quality and range of service to our clients.”

India ratified a free trade agreement with Vietnam in June 2010, eliminating duties on hundreds of products including seafood, apparel and tyres. India is among the 10 largest exporters to Vietnam, according to India’s Ministry of External Affairs. Ministry statistics indicate that two-way trade reached US$3.9 billion in 2011.