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Wednesday, 30/7/2025 | 23:50 GMT+7

Indian energy giant proposes $10 billion investment in Vietnam

Adani group, led by India's second-richest man, wants to commit to a long-term strategic investment in Vietnam worth up to $10 billion.

In a meeting with General Secretary To Lam on 30/7, Gautam Adani, chairman of India's Adani Group, stated that the conglomerate has experience investing in and operating large projects in sectors such as seaports, airports, logistics, energy, and digital technology in India and internationally.

Gautam Adani expressed the group's desire for a long-term strategic investment in Vietnam, with a proposed capital of $10 billion. India's second-richest man affirmed their readiness to contribute to Vietnam's development, particularly in areas of Vietnamese interest such as strategic infrastructure, energy, renewable energy, and new technologies like AI. They also requested Vietnam's support and facilitation for the group's operations.

General Secretary To Lam receives Gautam Adani, Chairman of Adani Group, on 30/7. Photo: TTXVN

General Secretary To Lam receives Gautam Adani, Chairman of Adani Group, on 30/7. Photo: TTXVN

In response, General Secretary To Lam praised the group's interest in a long-term investment strategy in Vietnam, contributing to increased cooperation and stronger ties between the two economies. He acknowledged Adani's proposals and suggested the group proactively engage with relevant ministries, sectors, and localities to clarify requirements and cooperative directions, thereby accelerating projects of mutual interest.

Vietnam and India are currently Comprehensive Strategic Partners. The General Secretary emphasized the many similarities in their national development strategies, both aiming to become modern, developed countries 100 years after their founding. Therefore, he suggested both sides should increase cooperation across various sectors, especially promoting economic, trade, and investment relations to their full potential.

The General Secretary shared that Vietnam is implementing strategic breakthroughs, prioritizing science and technology development, innovation, digital transformation, and private sector growth. This is in the spirit of creating favorable conditions for businesses, both domestic and foreign, to have development opportunities and contribute to the country.

"In that spirit, Vietnam always welcomes foreign businesses, including Indian businesses, to expand their investment in Vietnam," he said.

Phuong Dung

By VnExpress: https://vnexpress.net/tap-doan-nang-luong-an-do-ngo-y-dau-tu-10-ty-usd-vao-viet-nam-4920936.html
Tags: India Vietnam's economy General Secretary To Lam

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