Home Economy

India's Adani Group weighs $3 bln investment in Vietnam

May 26th at 07:28
26-05-2023 07:28:02+07:00

India's Adani Group weighs $3 bln investment in Vietnam

India's Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday.

The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer of Adani Ports and Special Economic Zone, a unit of the cooking oil-to-coal mining conglomerate Adani Group.

"Vietnam is willing to create more favourable conditions for India's large companies, including Adani, to invest and do business in the country," Chinh told Karan at the meeting, according to the statement.

Chinh said Vietnam welcomed Adani's investment, initially in Lien Chieu Port in the central city of Da Nang, according to the statement.

Karan told Chinh Adani would soon work with Vietnamese partners and stakeholders on specific investment projects in the country, according to the statement, which said the investment could reach $10 billion over the longer term.

tuoitrenews

MOST READ

NEWS SAME CATEGORY

Enterprises need suitable solutions for successful digital transformation: expert
ECONOMY May 25th at 21:48

Enterprises need suitable solutions for successful digital transformation: expert

For successful digital transformation, enterprises must understand clearly the changes associated with their business model, target, value and culture to choose...

PM orders enhancement of foreign investment attraction efficiency
ECONOMY May 25th at 21:48

PM orders enhancement of foreign investment attraction efficiency

Prime Minister Pham Minh Chinh has signed a directive clarifying tasks and solutions to enhance the efficiency of foreign investment attraction in the new period.

Thai Nguyen bagging upbeat results
ECONOMY May 25th at 13:48

Thai Nguyen bagging upbeat results

Thai Nguyen province in the northeastern region is leveraging flexible and efficient policies to extend its growth trajectory.

Exploiting digital resources, promoting socio-economic development
ECONOMY May 25th at 10:33

Exploiting digital resources, promoting socio-economic development

In an era of digital growth, Deputy Prime Minister Tran Hong Ha described digital resources as more than a mere "gold mine," but rather as a fresh resource capable...

Stronger procurement laws needed to ensure fair, competitive bidding
ECONOMY May 25th at 10:32

Stronger procurement laws needed to ensure fair, competitive bidding

It's high time that Viet Nam started implementing a robust Procurement Law that ensures fair, transparent and competitive bidding, said National Assembly deputies...

Vietnam needs to improve investment promotion
ECONOMY May 25th at 07:34

Vietnam needs to improve investment promotion

Vietnam’s economy has seen impressive growth in recent years and the business environment has improved. However, the majority of foreign investors are still missing...

Vietnam and New Zealand target $2 billion trade by 2024
ECONOMY May 24th at 21:05

Vietnam and New Zealand target $2 billion trade by 2024

Vietnam and New Zealand have been working closely together to promote trade and investment between the two countries.

Large room for Viet Nam, New Zealand to boost trade, investment ties: official
ECONOMY May 24th at 14:43

Large room for Viet Nam, New Zealand to boost trade, investment ties: official

There is great potential for Viet Nam and New Zealand to further strengthen cooperation in terms of trade, industry and investment, said Deputy Minister of Industry...

Support policies must be practical for firms
ECONOMY May 24th at 08:35

Support policies must be practical for firms

Experts have said that the support policies must be practical to ensure accessibility for enterprises.

Việt Nam will continue to be prime destination for FDI: VinaCapital
ECONOMY May 24th at 08:35

Việt Nam will continue to be prime destination for FDI: VinaCapital

The global corporate minimum tax is unlikely to impede Viet Nam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a...

Read More

MOST READ

Back To Top