Adani Group to invest $10 Billion in Vietnam

AHMEDABAD : The Adani Group has announced an investment of $10 billion in Vietnam, making it one of the largest investments in the country. Adani Group Chairman Gautam Adani conveyed the company’s proposal during his meeting with To Lam, General Secretary of the Communist Party of Vietnam, in Hanoi on July 30. He outlined his plan to invest in infrastructure, energy, seaports, airports, logistics, and digital technology.

“It was a privilege to meet H.E. To Lam, General Secretary of the Communist Party of Vietnam. His bold reforms and visionary agenda to position Vietnam as a regional leader in energy, logistics, ports and aviation reflect exceptional strategic foresight. We look forward to contributing to this transformative journey and enabling deeper Vietnam-India Economic Partnerships,” Gautam Adani said in a post on X.

India and Vietnam have active trade and economic relations. Between April 2023 and March 2024, India-Vietnam trade stood at USD 14.82 billion. India’s export to Vietnam amounted to USD 5.47 billion and Vietnam’s exports to India were USD 9.35 billion. As per Vietnam’s data, the bilateral trade for the year 2023 stood at USD 14.36 billion, out of which India’s exports to Vietnam were valued at USD 5.86 billion and India’s imports were USD 8.5 billion.

India also has long-standing development cooperation with Vietnam that has made positive contributions over several decades towards training, capacity building, socioeconomic development and industrial growth.