Adani Group eyes $10 billion strategic investment in Vietnam

Adani Group eyes $10 billion strategic investment in Vietnam

Adani Group, one of India's leading corporations, has committed to investing $10 billion in Vietnam, focusing on infrastructure, energy, and emerging technologies.

Photo: VNA

Party General Secretary To Lam met with Gautam Adani, chairman of India' Adani Group, on the afternoon of July 30.

During the meeting, the Party chief expressed satisfaction with the growing Vietnam-India Comprehensive Strategic Partnership. He said, “We need to strengthen cooperation across all areas, especially the economy, trade, and investment, to fully unlock the potential of both countries.”

He also highlighted Vietnam's ongoing efforts to implement strategic breakthroughs, with priority given to science and technology, innovation, digital transformation, and the development of the private sector.

“In this spirit, Vietnam welcomed and created favourable conditions for foreign investors, including Indian businesses, to expand their presence in Vietnam,” the Party leader noted.

In response, Gautam Adani said, “Adani has extensive experience in investing in and operating large-scale projects across ports, airports, transport, logistics, energy, and digital technology. Adani currently operates Mundra Port, India's largest seaport. The group is also India's leading energy provider.”

“ Adaniwould like to make a long-term strategic investment in Vietnam, with total capital planned of up to $10 billion across the group's core sectors,” the chairman said. “With the group's capabilities and experience in India and many countries worldwide, Adani is willing to contribute to Vietnam's development, particularly in key areas of interest such as infrastructure, energy, renewable energy, and emerging technologies, including AI. We hope for continued support from the Vietnamese government for the group's investment activities.”

Party General Secretary Lam acknowledged the proposals and encouraged Adani Group to proactively engage with relevant ministries, sectors, and localities to clarify cooperation directions and expedite the implementation of priority projects.

VIR