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India’s Adani explores US$10 billion investment in Vietnam

The Saigon Times

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HCMC – Adani Group chairman Gautam Adani, speaking at his meeting in Hanoi with Prime Minister Pham Minh Chinh on December 22, said his company is planning to invest a total of US$10 billion in Vietnam over the next decade.

Adani Group is interested in Lien Chieu port, Chu Lai airport, and renewable energy projects, among others.

Vietnam, which has inked 16 lateral and multilateral free trade agreements, has reiterated its commitment to fostering a proactive investment environment.

PM Chinh said Vietnam is refining its institutions, developing human resources, and improving infrastructure, particularly in the transportation sector, to make the investment climate better.

Adani Group recognized Vietnam’s favorable investment climate and praised the nation’s willingness to engage in dialogues and facilitate sustainable business growth.

Adani said the group’s plan for Vietnam would center on areas such as port development, logistics and renewable energy.

PM Chinh encouraged Adani Group to work closely with Vietnamese authorities to efficiently execute the Lien Chieu port project, explore opportunities for investment in Chu Lai airport, and participate in specific initiatives within the renewable energy sector.

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