India’s Adani committed to strategic $10bn investment in Vietnam

Adani revealed this investment intention during a meeting with Vietnamese Party General Secretary To Lam in Hanoi on Wednesday, as part of his business trip to Vietnam, according to the Ministry of Foreign Affairs.

He expressed admiration for Vietnam’s vision and national development strategy and congratulated the country on its impressive socio-economic progress in recent years.

Adani emphasized that the group possesses extensive experience in investing in and operating major projects across sectors such as seaports, airports, transport, logistics, energy, and digital technology in India and internationally, including Mundra Port—India’s largest seaport.

He also noted that Adani is India’s largest energy provider.

He briefed General Secretary Lam on the company’s ongoing activities and long-term plans for Vietnam, confirming a strategic investment commitment of up to $10 billion, aligned with both the group’s strengths and Vietnam’s developmental priorities.

With the company's global experience and capacity, Adani stated his readiness to invest in areas prioritized by Vietnam, including strategic infrastructure, energy, renewable energy, and emerging technologies such as artificial intelligence.

He expressed hope for continued support from the Party and state of Vietnam to ensure favorable conditions for Adani Group’s operations in the country.

In response, General Secretary Lam congratulated Adani Group on its significant achievements and contributions to India’s economic growth over recent years.

He praised the company’s long-term investment approach in Vietnam as a means to deepen economic cooperation between the two nations.

The Party leader encouraged Adani Group to engage directly with relevant ministries and local authorities to clarify partnership priorities, thereby accelerating the rollout of proposed projects.

He noted that Vietnam is actively pursuing strategic breakthroughs, prioritizing development in science and technology, fostering innovation and digital transformation, and expanding the private sector economy.

The country is committed to providing all possible favorable conditions for both domestic firms and foreign-invested enterprises to pursue investment and business projects that contribute to national growth.

Expressing satisfaction with the robust development of the Vietnam–India comprehensive strategic partnership—established in 2016—he urged businesses from both countries, including Adani Group, to deepen economic, trade and investment cooperation in order to fully harness their shared potential.