India’s Adani Group is contemplating investments in two Vietnamese airports, according to an announcement by the Vietnamese government on Wednesday. This development follows the company’s recent approval to construct a seaport in Vietnam, signaling its growing interest in the region’s infrastructure.
The announcement was made after a meeting in Delhi between Vietnamese Prime Minister Pham Minh Chinh and Gautam Adani, head of the Adani Group, during Chinh’s official visit to India. This meeting underscores the strengthening of bilateral ties and collaboration between the two nations, particularly in the aviation and logistics sectors.
Adani Group Plans Investment in Vietnamese Airports Following Seaport Approval
The Vietnamese government statement highlighted Adani Group’s plans to collaborate with Vietnamese partners on the development of Long Thanh and Chu Lai airports, located in the southern and central regions of Vietnam, respectively. However, the statement did not specify the investment amount or the timeline for these projects.
Previously, Karan Adani, Gautam Adani’s son, revealed plans to invest up to $3 billion in seaport and renewable energy projects in Vietnam, with the potential for this investment to expand to $10 billion over a longer period. This ambitious investment strategy demonstrates the Adani Group’s commitment to expanding its footprint in Vietnam’s infrastructure sector.
