Vietnam’s Prime Minister Welcomes Adani Group Chairman Gautam Adani, Highlights Potential Investments
Hanoi: Vietnam’s Prime Minister Pham Minh Chinh held a meeting with Gautam Adani, the chairman of India’s Adani Group, on Friday. The meeting comes as Adani Group considers investing approximately $10 billion in Vietnam over the next decade.
During the discussion, PM Pham Minh Chinh expressed Vietnam’s warm welcome to large Indian corporations, including the Adani Group, to invest in strategic sectors such as infrastructure and renewable energy. He praised Vietnam’s investment climate and encouraged Adani Group to bring advanced technologies and modern management practices to the country.
Gautam Adani presented the conglomerate’s cooperation strategy in Vietnam, which includes investments in seaports, logistics, infrastructure, and renewable energy. One of the notable projects is the Lien Chieu port development in Da Nang, a central coastal city. PM Pham Minh Chinh emphasized that these sectors align with Vietnam’s development plans.
The Prime Minister requested close coordination between Adani Group and Vietnamese ministries, sectors, and localities for the successful implementation of the Lien Chieu port project. He also suggested exploring investment opportunities in building the Chu Lai airport and specific renewable energy initiatives.
PM Pham Minh Chinh assured Adani Group of Vietnam’s support and commitment to providing favorable conditions for Indian companies to conduct effective and sustainable investment and business operations in the country. This collaboration aims to strengthen the comprehensive strategic partnership between Vietnam and India.
With a market capitalization exceeding $200 billion, the Adani Group currently owns 14 major seaports and seven airports in India.
The potential investment from the Adani Group represents a significant opportunity for Vietnam’s economic development and further enhances the bilateral relationship between the two nations.
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