India's Adani Group wants to invest another $3 billion in Vietnam

Prime Minister Pham Minh Chinh received Mr. Karan Adani, General Director of Port and Special Economic Zone Company, Adani Group - Photo: VGP/Nhat Bac

At the reception, Prime Minister Pham Minh Chinh welcomed Mr. Karan Adani's visit to Vietnam; affirmed that Vietnam always attaches importance to the traditional friendship and cooperation with India; and was pleased that the Comprehensive Strategic Partnership between the two countries is developing very positively in all fields.

The Prime Minister said that during the recent G20 Summit in Japan, he met with Indian Prime Minister Narendra Modi to discuss many directions and measures to promote cooperation in this field between the two countries in the coming time, commensurate with the potential and stature of the Comprehensive Strategic Partnership.

The Prime Minister said that Vietnam is building an independent and self-reliant economy, proactively and actively integrating deeply and effectively into the world; aiming to turn Vietnam into a developing country with modern industry and high average income by 2030 and a developed country with high income by 2045. Vietnam is focusing on implementing three strategic breakthroughs: perfecting institutions, developing human resources and building infrastructure.

The Prime Minister affirmed that the Vietnamese Government is ready to create favorable conditions for the Adani Group to continue researching other investment projects in Vietnam - Photo: VGP/Nhat Bac

In this process, Vietnam mobilizes and effectively uses all resources for development, in which internal resources are fundamental, strategic, long-term, and decisive; external resources are important, breakthrough, and regular. Therefore, Vietnam welcomes partners, including India, interested in investing in infrastructure, especially strategic infrastructure in Vietnam, including transport infrastructure, energy infrastructure, digital infrastructure, and infrastructure adapting to climate change.

Mr. Karan Adani, General Director of Adani Port and Special Economic Zone Company, expressed his honor to be received by the Prime Minister; admired Vietnam's vision and strategy for national development; and said that Adani is the largest economic group in India operating in the fields of seaports, transportation, logistics, energy, digital technology, etc. in more than 50 countries around the world.

CEO Karan Adani said that Adani is very interested, has spent time researching, studying, evaluating opportunities and has decided to commit to long-term investment in Vietnam, not only in the fields of seaports and logistics, but also in the fields of energy and digital technology. In particular, Adani wants to build a green seaport ecosystem and invest in wind power and solar power plants in Vietnam, with a total capital of about 3 billion USD, in line with Vietnam's development strategy.

The Prime Minister said that the Comprehensive Strategic Partnership between the two countries is developing very positively, but economic relations, especially investment, trade and tourism, are still not commensurate, there is still much room for breakthroughs, especially in the field of infrastructure development. Vietnam is ready to create more favorable conditions for large Indian companies and corporations, including the Adani Group, to invest and do business in Vietnam.

According to the Prime Minister, Vietnam has great potential in maritime transport, seaport ecosystem development, renewable energy, especially wind power and solar power; he welcomed the Adani Group's investment policy in Vietnam in these fields, first of all investing in Lien Chieu Port, Da Nang, as well as renewable energy projects in Vietnam.

According to the Prime Minister, the development of the electricity industry must take into account all five factors: power source, power load, power distribution, power use, and especially reasonable electricity prices, harmonizing the interests of the State, people, and businesses.

The Prime Minister hopes that the Adani Group will coordinate effectively with Vietnamese partners to achieve specific results in investment activities in Vietnam - Photo: VGP/Nhat Bac

The Prime Minister stated that digital transformation, building a digital economy and digital society is a global trend, Vietnam is not out of that trend and hopes that Adani will strongly expand investment in this field.

The Prime Minister affirmed that the Vietnamese Government is ready to create favorable conditions for the Adani Group to continue researching other investment projects in Vietnam, and at the same time take the lead in encouraging more Indian investors to come to Vietnam; hoping that the Adani Group will coordinate effectively with Vietnamese partners to achieve specific results in investment activities in Vietnam, in the spirit of "high mountains have paths; dangerous roads have paths"; "what is said must be done; what is committed must be done; what is done must have results that can be weighed, measured, and counted", "harmonized benefits, shared risks".

Mr. Karan Adani highly agreed with the opinions of Prime Minister Pham Minh Chinh; said that Adani Group will immediately join hands and closely coordinate with ministries, branches, localities and partners of Vietnam to implement specific projects, contributing to promoting the Comprehensive Strategic Partnership between the two countries to be more practical and effective as the Prime Minister wishes.

Adani is one of India’s largest conglomerates; in the field of port investment alone, it is among the top five fastest growing companies in the world and is India’s leading developer, operator and integrated logistics company, accounting for 25% of India’s port capacity. The group also has experience in developing ports abroad, including the Port of Haifa, the second largest port in Israel.

Source: https://baotainguyenmoitruong.vn/tap-doan-adani-cua-an-do-muon-dau-tu-them-3-ty-usd-tai-viet-nam-357792.html