Hogan Lovells advises Manuli Ryco and Fluiconnecto on joint venture for industrial products in the Vietnam market

Press releases | 05 June 2026

Global law firm Hogan Lovells has advised Manuli Ryco S.p.A. and its wholly-owned subsidiary Fluiconnecto Holdings B.V. on the structuring and implementation of “Project Cuc Quang”, involving the incorporation and launch of the joint venture Fluiconnecto Vietnam JSC in partnership with Saigon Asset Management Corporation and Nam Phong Green JSC.

The new joint venture with Saigon Asset Management marks the establishment of a platform dedicated to supporting industrial growth in the Vietnamese market, with a focus on supporting strategic sectors including oil & gas, critical minerals, mining, maritime industry, ports, construction, and other high-intensity industrial infrastructure segments.

Fluiconnecto Vietnam is intended to strengthen the industrial and commercial presence of the Manuli Ryco Group in Vietnam through the creation of a local operating platform focused on the distribution, installation and servicing of hydraulic solutions and industrial hoses under the Manuli/Fluiconnecto brand. The joint venture will operate within a context of increasing attention to energy security, the resilience of critical raw materials supply chains, and the development of reliable industrial infrastructure to support the growth of energy and mining markets in Southeast Asia.

The cross-border Hogan Lovells team that advised on the transaction was led in Italy by partner Piero de Mattia and senior associate Maria Lucia Passador, and in Vietnam by partner Gaston Fernandez, associates Tu Nguyen and Linh Nguyen, and trainee lawyer Giang Nguyen.