Adani Group is considering investing over $2 billion in Lien Chieu port, located in the coastal city of Danang, Vietnam. This information was shared on the Vietnamese government’s website, citing a meeting between the company’s chairman, Gautam Adani, and Vietnamese Prime Minister Pham Minh Chinh in New Delhi, as reported by Bloomberg.
Additionally, Adani Group is looking to invest $2.8 billion in a thermal power project in Binh Thuan, a province in Vietnam’s south-central coast. The company also plans to collaborate with Vietnamese partners on aviation and logistics projects, including the construction of Long Thanh and Chu Lai airports, according to Bloomberg.
Last month, Adani Ports and Special Economic Zone Ltd. announced a substantial long-term investment in Vietnam, amounting to approximately $10 billion. This includes $3 billion allocated to ports and green energy projects in the country.
Adani stated that the company has been thoroughly researching and evaluating opportunities for sustained investment in Vietnam. In addition to the seaport and logistics sectors, the company is also considering investments in the nation’s energy sector and digital technology.
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