New Delhi: The Adani Group has unveiled plans to invest up to $10 billion in Vietnam, with a focus on boosting the country’s infrastructure, energy, and technology sectors.
The announcement was made by Group Chairman Gautam Adani during a meeting with Vietnam’s General Secretary of the Communist Party, To Lam, in Hanoi last week, according to Vietnam’s Tuoi Tre News citing the Ministry of Foreign Affairs.
The visit marked a significant step in strengthening economic ties between India and Vietnam.
Gautam Adani lauded Vietnam’s socio-economic progress and development vision, while outlining his group’s intention to make strategic long-term investments in the Southeast Asian nation.
Highlighting the conglomerate’s global portfolio, Adani said the group has proven expertise in developing and managing large-scale projects across multiple sectors, including seaports, airports, logistics, energy, and digital technologies.
He cited Mundra Port — India’s largest — as a key example of the group’s capabilities and noted that Adani is also India’s largest private energy provider.
The proposed investment in Vietnam is expected to align with both Adani Group’s operational strengths and the Vietnamese government’s development priorities.
Gautam Adani expressed his readiness to support Vietnam in strategic infrastructure development, renewable energy, and cutting-edge technologies such as artificial intelligence.
He also sought continued support from the Vietnamese government to facilitate a smooth investment process, assuring that the group is committed to contributing meaningfully to Vietnam’s long-term growth.
In response, General Secretary to Lam welcomed the group’s interest and praised Adani’s role in India’s economic rise.
He encouraged the conglomerate to engage with relevant ministries and local authorities to identify and execute priority projects effectively.
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Lam reaffirmed Vietnam’s focus on fostering innovation, promoting science and technology, and expanding private sector participation in the economy.
He also assured that the government would create favourable conditions for foreign investment, especially in strategic sectors.
Reiterating the strength of the Vietnam–India comprehensive strategic partnership, established in 2016, the Party leader called on businesses from both countries to deepen cooperation in trade, investment, and technology. He described Adani’s proposed entry as a major boost to bilateral economic engagement.
