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Thursday, July 31, 2025

Indian energy giant eyes US$10 billion investment in Vietnam

The Saigon Times

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HCMC – Gautam Adani, chairman of India’s Adani Group, said at his meeting with Vietnam’s Party General Secretary To Lam on July 30 that his company plans to invest up to US$10 billion in Vietnam through long-term strategic projects.

The Vietnamese leader voiced his satisfaction with the growing Vietnam-India comprehensive strategic partnership, underscoring the strong strategic trust between the two nations.

He emphasized that Vietnam is vigorously pursuing key strategic breakthroughs, with priorities placed on science and technology, innovation, digital transformation, and private sector development.

The country, he added, is committed to fostering a favorable business environment for both domestic and foreign-invested enterprises to implement investment and business projects that support national growth.

Chairman Gautam Adani said that the Adani Group has many years of experience in directly investing in and operating major projects across key sectors such as seaports, airports, transportation, logistics, energy, and digital technology in India and numerous other countries.

He highlighted Mundra Port, the largest seaport in India, as one of the group’s flagship projects. Adani is also currently the largest energy supplier in India.

Gautam Adani said the group aims to pursue a long-term strategic investment in Vietnam, with a projected capital commitment of up to US$10 billion.

As India’s second-richest businessman, he affirmed Adani Group’s willingness to support Vietnam’s development, particularly in priority areas such as strategic infrastructure, energy, renewable energy, and emerging technologies like artificial intelligence.

He also called for continued support from the Vietnamese Government to enable the group’s investment and business activities in the country.

In response, the Party chief encouraged the group to actively engage with relevant ministries, agencies, and local authorities to clarify requirements and cooperation directions, thereby facilitating the swift implementation of priority projects.

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