According to the MOU, the two sides will jointly study strategic cooperation opportunities in various fields such as smart cities, manufacturing, healthcare, education , tourism, renewable energy, and charging station infrastructure across a total area of approximately 2,500 hectares in Telangana, in addition to green taxi services.
Specifically, in the field of green transportation, Vingroup proposes implementation in Telangana state. The SM Green electric taxi model is the first large-scale model in India, incorporating a smart mobility service platform. Simultaneously, the Group may also explore potential opportunities related to future electric vehicle manufacturing initiatives.
In the field of urban development, Vingroup aims to build a smart, sustainable mega-city on a scale of 1,080 hectares, providing housing for approximately 200,000 residents. The project is expected to create around 10,000 jobs and will include low-rise and high-rise housing, and a world-class "all-in-one" amenities system.
In the field of social infrastructure, the Group proposes developing essential facilities on an estimated land area of approximately 70 hectares, including Vinschool multi-level schools, Vinmec international general hospital, and the V-Green electric vehicle charging station network.
In the tourism and entertainment sector, Vingroup, through VinWonders, aims to build a complex of theme parks, zoos, and semi-wild animal conservation areas (safari) on an area of approximately 350 hectares, contributing to the development of Telangana's tourism infrastructure and creating numerous jobs in the locality.
In the renewable energy sector, Vingroup, through VinEnergo, has proposed investing in a 500 MW solar power project covering approximately 485 hectares, providing a stable source of green electricity for urban areas, industrial zones, and the entire electrified transportation ecosystem.
In addition to the above items, Vingroup also proposed participating in the development of strategic connecting infrastructure routes to strengthen regional connectivity and enhance urban spatial development capacity.
Mr. Pham Sanh Chau (left), CEO of Vingroup Asia and CEO of VinFast Asia, and Mr. Sanjay Kumar, Deputy Minister of Commerce and Industry, Telangana State Government, at the signing ceremony.
On the government side, Telangana is committed to supporting the search for and allocation of suitable land for each project, coordinating in the overall planning and project structure, resolving procedures, and mobilizing relevant agencies to prepare the necessary connecting infrastructure. The state government will also consider applying incentives under current policies and working alongside Vingroup in the research and implementation process to ensure the progress and effectiveness of the collaborative projects.
The MOU with Telangana is a crucial foundation for Vingroup to realize large-scale investment projects, directly contributing to Telangana's economic growth and strengthening the presence of Vietnamese businesses in the international market. At the same time, cooperation between Vingroup and Telangana also contributes to strengthening Vietnam-India economic relations, promoting connections between the business communities of the two countries, and opening up opportunities for deeper cooperation in the future.
Mr. A. Revanth Reddy , Chief Minister of Telangana, stated: “Vingroup’s $3 billion investment is strong evidence of our belief in the ‘Telangana Rising’ vision , particularly our focus on sustainable urban development and green infrastructure. This is not just capital, but a partnership to build a city of the future, achieving net-zero emissions and deploying India’s first large-scale electric taxi fleet, thereby directly improving the quality of life for our people. The state government is committed to accelerating the implementation to ensure this global vision becomes a reality locally as soon as possible.”
Mr. D. Sridhar Babu , Minister of Industry, Telangana State Government, stated: “Vingroup’s commitment to diversified investments, spanning from smart cities and solar power to advanced social infrastructure such as hospitals and schools, demonstrates the stability and depth of Telangana’s industrial policy. We are committed to transforming this significant investment into local development opportunities, thereby making Telangana a gateway for investment from Vietnam and Southeast Asia into India’s fastest-growing economy.”
Mr. Sanjay Kumar, Deputy Minister of Commerce and Industry, Telangana State Government, stated: “ We welcome Vingroup’s presence in Telangana and acknowledge the progress the Group has made in Vietnam, particularly in urban development, green infrastructure, and electrified transportation. With the Group’s extensive experience and capacity to implement large-scale projects, we are confident that the cooperation between the two sides will mark a significant step forward, contributing to the creation of a modern, sustainable urban space and improving the quality of life for the people of Telangana .”
Mr. Pham Sanh Chau, General Director of Vingroup Asia and General Director of VinFast Asia, stated: “ Vingroup sees enormous potential in Telangana and we look forward to a long-term partnership with the state government. With Vingroup's proven experience in developing large-scale urban areas, infrastructure, and a comprehensive electric vehicle ecosystem, we believe that collaborative projects with Telangana will bring practical value, promote sustainable development, and improve the quality of life for the people .”
Telangana is a key state in India, with a population of approximately 38.5 million. As the technology and economic hub of South India, Telangana attracts many global investors due to its dynamic business environment and strong growth potential, especially in the software sector.
Vingroup is Vietnam's largest diversified private conglomerate, operating in six core sectors: Industry - Technology, Trade - Services, Infrastructure, Energy, Culture, and Social Philanthropy, with the vision "For a better life for everyone".
With its established reputation, scale, and capabilities, Vingroup is expanding its operations in the international market. The group was ranked by TIME magazine (USA) in the "TIME World's Best Companies 2025" list, which includes 1,000 of the world's best companies, recognizing Vingroup's efforts in sustainable development, innovation, and global influence.
Previously, Vingroup had a presence in India through its electric vehicle brand VinFast, offering a range of premium products and an assembly plant already operational in Tamil Nadu. VinFast is also building an electric vehicle ecosystem in India, with a shared vision of bringing the green transportation revolution closer to everyone.
Vietnam.vn
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