Source: Socialist Republic of Vietnam
Chairman of the Port Company and Adani Special Economic Zone (under Adani Group) Sandeep Mehta, on behalf of billionaire Gautam Adani, announced an investment of 10 billion USD into Vietnam as part of the idle 100 billion USD that the group wishes to invest abroad.
Also within the framework of the Da Nang Investment Forum, the joint venture between Adani Group and Anh Phat Investment Construction – Trading JSC was approved by the Da Nang City People’s Committee to conduct investment research on the Lien Chieu Seaport project.
Adani Group is a multi-industry corporation established in 1988 with headquarters in Ahmedabad, India. In its development strategy, Adani Group plans to set aside 100 billion USD for overseas investment in the 2022-2026 period, including a 10-billion-USD investment into several important industries in Vietnam.
Gautam Adani assessed that Vietnam is an important partner for Adani’s development abroad in the future, saying that he is looking for infrastructure and port projects as well as green energy initiatives.
Adani Group has previously invested in two renewable energy projects in Vietnam in 2021, including a wind power project with a capacity of 27.3 MW in Phuoc Minh Commune, Thuan Nam District, Ninh Thuan Province, and a 50MW solar power project also in Ninh Thuan Province.