Government chief hosts India’s Adani Group Chairman

Chinh told his guest Vietnam always welcomes and is ready to host major Indian groups, including Adani, to invest in such strategic areas as infrastructure and renewable energy.

Hailing Vietnam’s investment climate, the Indian entrepreneur introduced Adani's cooperation strategy in the Southeast Asian country with a total investment of up to USS$10 billion over the next 10 years in the areas of seaports, logistics, infrastructure, and renewable energy. A highlight of them is the Lien Chieu port project in the central coastal city of Da Nang.

The group desires to invest in Vietnam in the sectors of seaports, green energy, power transmission, airports, inland waterways, and other mutually interested areas, he continued.

Stating that these sectors align with the country’s development strategy, the Vietnamese cabinet leader suggested the conglomerate bring advanced, new, and clean technologies as well as modern management to Vietnam.

In the near future, he suggested Adani closely coordinate with Vietnamese ministries, sectors, and localities to effectively implement the Lien Chieu port project, and study investment in building the Chu Lai airport and specific renewable energy projects.

Vietnam supports and offer optimal conditions for Indian firms to deploy effective and sustainable investment and business activities in Vietnam, making positive contributions to the development of both nations’ comprehensive strategic partnership.

Adani is India's biggest group specializing in infrastructure and energy, with a market capitalisation of over US$200 billion. It owns 14 major seaports and seven airports in India.

In 2023, the Group's revenue is expected to hit around US$33 billion and its profit reached about US$ 2.9 billion, with 29,000 employees globally.

Gautam Adani is the 15th richest billionaire in the world, owning US$82.5 billion, and is the second richest person in India and Asia.