December 23, 2023 | 10:30 GMT+7

Adani Group plans to invest $10bln in Vietnam over next decade

Vân Nguyễn -

Investment targets seaports, infrastructure, and renewable energy, Adani boss tells PM.

Prime Minister Pham Minh Chinh receives Mr. Gautam Adani, Chairman of the Adani Group. Photo: VGP
Prime Minister Pham Minh Chinh receives Mr. Gautam Adani, Chairman of the Adani Group. Photo: VGP

Mr. Gautam Adani, Chairman of major Indian infrastructure conglomerate the Adani Group, told a meeting with Prime Minister Pham Minh Chinh in Hanoi on December 22 that the Group has an investment strategy in Vietnam totaling up to $10 billion over the next decade, in the fields of seaports, logistics, infrastructure, and renewable energy.

The strategy includes the Lien Chieu Port project in central Da Nang city, the Government News reported.

He noted that the group wants to invest in Vietnam in the fields of seaports, green energy, power transmission, airports, and inland waterways.

Prime Chinh stressed that Vietnam welcomes and is ready to host major Indian groups, including Adani, to invest in strategic areas such as infrastructure and renewable energy.

He noted that the group’s investment strategy in Vietnam is in line with the country’s development strategy.

He proposed it coordinate with ministries, sectors, and localities to effectively implement the Lien Chieu Port project, and to study investment in building Chu Lai Airport and specific renewable energy projects.

Vietnam supports and creates favorable conditions for Indian companies to deploy effective and sustainable investment and business activities in Vietnam, he told his guests.

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