India’s Adani Group eyes US$10 billion investment in Vietnam

THE HANOI TIMES — India’s Adani Group is seeking long-term strategic investments in Vietnam worth up to $10 billion, said Chairman Gautam Adani on July 30.

During the meeting with General Secretary of the Communist Party of Vietnam To Lam, he stated that the Adani Group is prepared to support Vietnam's development in critical areas such as strategic infrastructure, energy, renewable energy, and emerging technologies like AI.

Adani briefed the general secretary on the group's strengths, including seaports, airports, transportation, logistics, energy, and digital technology, its investment in India's largest port Mundra Port, and being the country's largest energy provider.

Given these capabilities and experience, the Indian businessman said he is confident in the group's ability to succeed in Vietnam.

Party Chief To Lam welcomed Adani’s interest in Vietnam and its long-term investment strategy, saying they would help strengthen economic ties between Vietnam and India.

He encouraged the group to work closely with relevant ministries, agencies, and localities to clarify areas of cooperation and accelerate project implementation.

Congratulating the Adani Group on its achievements, Lam expressed satisfaction with the strong Vietnam-India Comprehensive Strategic Partnership, which is built on high mutual trust and covers a wide range of sectors, especially trade and investment for the two countries' modern, developed status by 2045 for Vietnam and by 2047 for India.

“Vietnam always welcomes foreign businesses, including Indian investors, to expand their presence here,” he said.

He added that Vietnam is focusing on strategic breakthroughs, prioritizing science and technology, innovation, digital transformation, and private sector development to create the best possible conditions for domestic and international businesses to invest and grow.