Adani Group Plans $2 Billion Investment in Vietnam
Adani Group Plans $2 Billion Investment in Vietnam
Adani Group Plans $2 Billion Investment in Vietnam
News summary

The Adani Group, led by billionaire Gautam Adani, is planning to invest over $2 billion in the development of Lien Chieu Port in Da Nang, Vietnam, as part of a broader investment strategy amounting to approximately $10 billion in various sectors, including logistics and energy. During a meeting with Vietnamese Prime Minister Pham Minh Chinh, Adani expressed intentions to enhance Vietnam's infrastructure, focusing on the construction of Long Thanh and Chu Lai airports alongside a $2.8 billion investment in the Vinh Tan 3 Thermal Power Plant. PM Chinh emphasized the need for collaboration between Adani and local authorities to facilitate the projects and improve logistics capabilities. The Vietnamese government has indicated its support for the Adani Group's plans, aiming to foster foreign investment in critical infrastructure. Additionally, the PM highlighted the importance of technology transfer and skill enhancement for local companies through these investments. This initiative marks a significant step in strengthening economic ties between India and Vietnam.

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