SS: Adani Group is mulling to invest around $10 billion in Vietnam, according to statement released by the Vietnamese government. The statement was released after Vietnamese Prime Minister Pham Minh Chinh met Gautam Adani on Wednesday during the former’s three-day visit to India. “The Prime Minister highly appreciated Adani’s operating model, scale, vision and role in contributing to economic development in India and welcomed the group’s plans to cooperate, invest and expand investment in Vietnam in the coming time with a total investment capital of about 10 billion USD,” read a release by the Vietnamese government. While no official statement has been issued by billionaire Gautam Adani-led Adani Group, the energy-to-infrastructure conglomerate plans to invest $2 billion in Lien Chieu Port to create a complete logistics ecosystem in Da Nang, a coastal city in central Vietnam. The release informed that the PM has requested the People’s Committee of Da Nang City, the Ministry of Transport, the Ministry of Planning and Investment, and relevant agencies and localities immediately discuss the implementation procedures with the Adani Group. Besides, the conglomerate plans to deploy energy investment activities in Binh Thuan, a province in Vietnam, specifically in the 2-gigawatt Vinh Tan 3 Thermal Power project, from which Mitsubishi had pulled out in February 2021, investing a total capital of $2.8 billion, notes the release.
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SS: Adani Group is mulling to invest around $10 billion in Vietnam, according to statement released by the Vietnamese government. The statement was released after Vietnamese Prime Minister Pham Minh Chinh met Gautam Adani on Wednesday during the former’s three-day visit to India. “The Prime Minister highly appreciated Adani’s operating model, scale, vision and role in contributing to economic development in India and welcomed the group’s plans to cooperate, invest and expand investment in Vietnam in the coming time with a total investment capital of about 10 billion USD,” read a release by the Vietnamese government. While no official statement has been issued by billionaire Gautam Adani-led Adani Group, the energy-to-infrastructure conglomerate plans to invest $2 billion in Lien Chieu Port to create a complete logistics ecosystem in Da Nang, a coastal city in central Vietnam. The release informed that the PM has requested the People’s Committee of Da Nang City, the Ministry of Transport, the Ministry of Planning and Investment, and relevant agencies and localities immediately discuss the implementation procedures with the Adani Group. Besides, the conglomerate plans to deploy energy investment activities in Binh Thuan, a province in Vietnam, specifically in the 2-gigawatt Vinh Tan 3 Thermal Power project, from which Mitsubishi had pulled out in February 2021, investing a total capital of $2.8 billion, notes the release.