VDB Loi

What VDB Loi does

VDB Loi is a private regional network of law and tax advisory firms operating across Southeast Asia and Bangladesh. Founded in 2012 and headquartered in Phnom Penh, the network fields approximately 101-250 professionals across seven offices in Cambodia, Indonesia, Laos, Myanmar (Yangon and Nay Pyi Taw), Vietnam, and Bangladesh. The firm serves multinational corporations, foreign investors, financial institutions, energy and infrastructure developers, and telecommunications companies requiring cross-jurisdictional legal and tax counsel for market entry, M&A, project finance, regulatory licensing, dispute resolution, and tax controversy matters. Recognized deal mandates disclosed in client materials include a US$150 million telecom lender's counsel mandate, a US$100 million cross-border refinancing syndication, a 590MW power project advisory in Bangladesh, and a 300MW greenfield solar acquisition in Cambodia.

The firm's offering is organized around three core practices — corporate, finance and disputes — with four specialized verticals: energy and infrastructure, real estate, telecommunications and taxation. Engagement economics are professional-services based: fees are quote-driven, tied to scope, complexity, and seniority of personnel, billed through retainers for ongoing tax and compliance work and through project fees for transactional mandates. VDB Loi monetizes thought-leadership content, publishing multilingual tax booklets (Myanmar, Cambodia, Laos), labor law guides, and corporate secretarial manuals that act as top-of-funnel demand generation. Disclosed marketing channels comprise website publications, webinars and live seminars (including a 2022 Hyatt Regency renewable energy seminar), and direct institutional engagement through chambers such as AmCham Cambodia.

VDB Loi is a member of Andersen Consulting (joined September 2025) and now operates in Indonesia under the Andersen brand (rebranded June 2026). The firm holds no proprietary technology platform; competitive advantage derives from partner-level expertise, regulatory relationships, multi-jurisdictional coverage, and repeated recognition from Chambers and Partners, Legal 500, IFLR, ITR Asia-Pacific Tax Awards, Asialaw, and the 2025 BCIM workplace awards. Revenue is not publicly disclosed.

Name

VDB Loi

Legal name

VDB Loi

Website

https://vdb-loi.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

VDB Loi is a Southeast Asian legal and tax advisory firm network serving multinational corporations, foreign investors, and energy companies across Cambodia, Indonesia, Laos, Myanmar, Vietnam, and Bangladesh, with specialized practices in energy, infrastructure, M&A, and taxation.

Ownership category

akta.pro rank

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Legal Advisory Services: Corporate legal advisory including M&A, project finance, regulatory compliance, dispute resolution, and cross-border transactions. Billed on engagement basis with fees tied to transaction complexity and scope.
2. Tax Advisory Services: Tax planning, compliance, controversy, and advisory services across multiple jurisdictions. Revenue derived from ongoing retainer arrangements and project-based engagements.
3. Regulatory and Licensing Advisory: Assistance with investment licensing, market entry permits, regulatory compliance, and government approvals across Southeast Asian markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

VDB Loi is a network of leading law and tax advisory firms delivering corporate, finance, and disputes legal advisory alongside tax planning, compliance, and controversy services to multinational corporations, foreign investors, financial institutions, and energy companies across Southeast Asia (Bangladesh, Cambodia, Indonesia, Laos, Myanmar, and Vietnam). Core practice areas include M&A, project finance, regulatory compliance, and dispute resolution, with specialized expertise in energy, infrastructure, real estate, telecom, and taxation.

Product overview

VDB Loi is a network of leading law and tax advisory firms operating across Southeast Asia with offices in Bangladesh, Cambodia, Indonesia, Laos, Myanmar, and Vietnam. The firm offers a comprehensive suite of legal and tax advisory services organized around core practice areas of corporate, finance, and disputes, with specialized expertise in energy and infrastructure, real estate, telecom, and taxation. Services include legal advisory, tax advisory, M&A advisory, dispute resolution, and regulatory compliance. The firm also produces tax booklets and publications as knowledge resources for clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Legal Advisory Services
• Tax Advisory Services
• Energy and Infrastructure Advisory
• Real Estate Advisory
• Telecommunications Advisory
• Corporate M&A Advisory
• Dispute Resolution

Quantifiable outcome

• 150+ power projects completed
• +4 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Andersen Global / Andersen ConsultingflagshipStrategic or Co-development Partner · 24 June 2026VDB Loi became a member of Andersen Global in June 2026, rebranded as Andersen in Indonesia, becoming the latest member firm of the global network. The firm had previously become a member of Andersen Consulting in September 2025. This expansion builds on existing collaboration with Andersen in Vietnam and Cambodia, strengthening the network's regional footprint in Southeast Asia.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Allen & Gledhill: Major Singapore-headquartered law firm with deep SE Asia coverage and strong energy/infrastructure and banking practices, frequently acting on project finance transactions in markets where VDB Loi operates.
• Baker McKenzie: Global law firm with extensive Vietnam, Cambodia, Indonesia, and Myanmar practices, advising multinational corporates on the same cross-border M&A, project finance, and regulatory matters that anchor VDB Loi's book of business.
• PricewaterhouseCoopers (SE Asia practices): Big 4 firm with substantial SE Asia tax, legal, and deal advisory presence. Competes for the same project finance advisory, M&A tax structuring, and regulatory compliance work as VDB Loi, and has trained multiple VDB Loi partners.
• Rajah & Tann: Singapore-based pan-Asian legal network with offices across SE Asia; advises on cross-border M&A, energy, banking, and tax matters in the same jurisdictions as VDB Loi.
• KPMG (SE Asia practices): Big 4 professional services network with tax and legal advisory practices across SE Asia. Directly competes for tax advisory, FDI structuring, and corporate tax compliance work, and is a former employer of several VDB Loi partners.

Regional players

• Tilleke & Gibbins: Thailand-based legal and tax advisory firm with regional offices in Cambodia, Laos, Vietnam, and Myanmar, covering the same emerging-market advisory segments as VDB Loi.
• SokSiphana & Associates: Cambodia-headquartered legal and tax advisory firm closely tied to inbound FDI into Cambodia, comparable in scale and practice mix to VDB Loi's Cambodia office.
• Bảo Việt Law / LNT & Partners: Vietnam-based law firms providing corporate, FDI, and tax advisory in a market where VDB Loi's Vietnam practice is also focused.

Direct peers

• DFDL: DFDL is a leading integrated legal and tax advisory network operating across SE Asia with a very similar country footprint and practice mix (corporate, M&A, energy/infrastructure, tax). Multiple VDB Loi partners previously worked at DFDL, making it the most direct peer comparison.

Others

• Andersen Global (member firms): VDB Loi's new global network parent. Comparison to Andersen member firms globally is highly relevant for cross-border referral flow and network-driven revenue expansion.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/VDBLoi

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VDB Loi