Gautam Adani Meets Vietnam Communist Party General Secretary For Talks
The Adani Group is planning to invest up to $2 billion in Lien Chieu port in Vietnam's coastal city of Danang.
Gautam Adani, chairman of the Adani Group, met with HE To Lam, general secretary of the Communist Party of Vietnam, according to a post on X on Wednesday.
Adani praised his "bold reforms and visionary agenda" and said it would "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," he said in his post.
The Adani Group is planning to invest up to $2 billion in Lien Chieu port, in Vietnam's coastal city of Danang, according to a statement on the Vietnamese government’s website.
Adani held talks regarding the investment with Vietnamese Prime Minister Pham Minh Chinh in New Delhi on July 31. Prime Minister Chinh was in Delhi for a three-day state visit in order to further build up ties between Vietnam and India.
The Adani Group has proposed a comprehensive investment plan to develop a complete logistics ecosystem in Danang. Additionally, the group planned to invest approximately $2.8 billion in the Vinh Tan 3 Thermal Power project in Binh Thuan.
It also intends to collaborate with Vietnamese partners in aviation and logistics, including the construction of the second phase of Long Thanh airport and Chu Lai airport.
Following their meeting, the prime minister directed several key Vietnamese agencies to engage with the Adani Group. The People's Committee of Danang City, the Ministry of Transport, the Ministry of Planning and Investment, and other relevant agencies must now expedite the project and ensure all procedures comply with regulations.
The Adani Group expressed hope that the Vietnamese government would support and facilitate their investment initiatives. The prime minister welcomed the group's proposal to participate in Long Thanh airport phase 2 and Chu Lai airport, and requested discussions with Vietnamese agencies. Additionally, the prime minister asked Adani to complete the dossier on energy cooperation.
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