Adani Group (India) wants to invest in many projects in Vietnam

Adani Group (India) wants to invest in many projects in Vietnam

Adani Group - one of the leading corporations in India proposed to invest in Lien Chieu port (Da Nang) with a total expected capital of 2 billion USD and wants to invest more in some large projects in Vietnam.

Minister of Planning and Investment Nguyen Chi Dung works with representatives of Adani Group. (Photo: MPI)

During the state visit to India by Prime Minister Pham Minh Chinh from July 30 to August 1, the Prime Minister met with Mr. Gautam Adani, Chairman of Adani Group - one of the leading corporations in India. At the meeting, the Chairman of Adani Group proposed investing in Lien Chieu Port (Da Nang) with a total estimated capital of 2 billion USD, aiming to complete the logistics ecosystem for Da Nang and the Central region.

According to the plan, Lien Chieu port is a deep-water port of type I with an important position, a connection point of the international East-West economic corridor, and a gateway to the entire Central region. When put into use, the port's general wharf will have a scale of 100,000 tons, and a container port of 200,000 tons. This port has a capacity of about 100 million tons of goods passing through a year by 2045. It is estimated that the State will pour about 3,000 billion VND to invest in shared infrastructure and call for synchronous investment in this seaport.

Adani also plans to invest $2.8 billion in the Vinh Tan 3 thermal power project (Binh Thuan). In addition, the group also wants to participate in the construction of Long Thanh airport phase 2 (Dong Nai) and Chu Lai airport (Quang Nam).

The Prime Minister assigned Minister of Planning and Investment Nguyen Chi Dung and relevant agencies and localities to directly discuss with Adani Group immediately after this meeting to thoroughly handle related issues, agree on methods, and implement procedures according to regulations. Implementing the Prime Minister's direction, Minister Nguyen Chi Dung had a working session with Adani Group. Also attending were representatives of the Ministry of Transport, Da Nang People's Committee and relevant units.

At the meeting, Minister Nguyen Chi Dung listened to the questions and issues raised with Adani in the process of promoting projects in Vietnam. After listening, the Minister requested the parties to immediately implement a number of contents to be able to soon deploy investment in the Lien Chieu seaport project in Vietnam as well as other projects, in accordance with the provisions of Vietnamese law.

For the Lien Chieu port project, the Vietnamese side intends to select an overall infrastructure investor. As for the exploitation of this seaport, foreign enterprises can cooperate with domestic units according to the law. Therefore, Adani and the Anh Phat joint venture need to urgently complete the procedures according to the provisions of Vietnamese law.

Minister Nguyen Chi Dung affirmed that the Ministry of Planning and Investment will coordinate with Vietnamese authorities to study , support and remove difficulties that businesses encounter.

Adani Group representative said that they will continue to accelerate the completion of project investment procedures, closely coordinate with the Ministry of Planning and Investment and relevant agencies of Vietnam to soon implement the project according to regulations. At the same time, with financial and technical capabilities, Adani Group will participate more deeply in many projects in Vietnam.

Adani Group is the operator of India's largest airport and controls Mundra Port - India's largest port. The group also invests in the fields of power transmission and green energy. Mr. Gautam Adani, 61, was once the richest man in Asia and the third richest in the world with a fortune of more than 150 billion USD in September 2022. According to the latest ranking by Forbes, he is now the second richest person in Asia with a fortune of 87.6 billion USD, behind his compatriot Mukesh Ambani.

Source: https://baodautu.vn/tap-doan-adani-an-do-muon-dau-tu-nhieu-du-an-tai-viet-nam-d221354.html