The complexity of Vietnam's legal texts presents a significant barrier to public access to justice. While Large Language Models offer a promising solution for legal text simplification, evaluating their true capabilities requires a multifaceted approach that goes beyond surface-level metrics. This paper introduces a comprehensive dual-aspect evaluation framework to address this need. First, we establish a performance benchmark for four state-of-the-art large language models (GPT-4o, Claude 3 Opus, Gemini 1.5 Pro, and Grok-1) across three key dimensions: Accuracy, Readability, and Consistency. Second, to understand the "why" behind these performance scores, we conduct a large-scale error analysis on a curated dataset of 60 complex Vietnamese legal articles, using a novel, expert-validated error typology. Our results reveal a crucial trade-off: models like Grok-1 excel in Readability and Consistency but compromise on fine-grained legal Accuracy, while models like Claude 3 Opus achieve high Accuracy scores that mask a significant number of subtle but critical reasoning errors. The error analysis pinpoints \textit{Incorrect Example} and \textit{Misinterpretation} as the most prevalent failures, confirming that the primary challenge for current LLMs is not summarization but controlled, accurate legal reasoning. By integrating a quantitative benchmark with a qualitative deep dive, our work provides a holistic and actionable assessment of LLMs for legal applications.