Adani Group Commits $10 Billion Investment in Vietnam's Growth

Significant Investment Announcement

The Adani Group has revealed plans to invest $10 billion in Vietnam, marking one of the most substantial investments in the nation.

During a meeting with To Lam, the General Secretary of the Communist Party of Vietnam, in Hanoi on July 30, Adani Group Chairman Gautam Adani presented the investment proposal. He detailed intentions to focus on sectors such as infrastructure, energy, seaports, airports, logistics, and digital technology.

In a statement shared on X, Gautam Adani expressed, "Meeting H.E. To Lam was an honor. His ambitious reforms and visionary plans to establish Vietnam as a regional powerhouse in energy, logistics, ports, and aviation demonstrate remarkable strategic insight. We are eager to play a role in this transformative journey and strengthen the economic ties between Vietnam and India."

The trade relationship between India and Vietnam is robust, with bilateral trade reaching USD 14.82 billion from April 2023 to March 2024. India's exports to Vietnam were valued at USD 5.47 billion, while imports from Vietnam totaled USD 9.35 billion. According to Vietnamese statistics, the total trade for 2023 was USD 14.36 billion, with India's exports at USD 5.86 billion and imports at USD 8.5 billion.

India has also maintained a long-term development partnership with Vietnam, contributing positively to training, capacity building, socioeconomic development, and industrial advancement over the years.