New Delhi, Aug 4 (NationPress) The Adani Group has announced plans for a substantial long-term investment in Vietnam, potentially reaching $10 billion, according to a report by Vietnam’s Tuoi Tre News.

During a meeting with Vietnamese Party General Secretary To Lam in Hanoi, Group Chairman Gautam Adani unveiled the investment strategy as part of his recent business visit to Vietnam, as reported by the country's Ministry of Foreign Affairs.

He praised Vietnam’s vision and national development strategy, commending the nation for its remarkable socio-economic advancements in recent years.

Gautam Adani emphasized the group's considerable expertise in managing and investing in significant projects across various sectors, including seaports, airports, logistics, energy, and digital technology, both in India and globally, notably the Mundra Port, which is India’s largest seaport. He also pointed out that Adani is the leading energy provider in India.

The Chairman updated General Secretary To Lam about the company’s ongoing projects and future ambitions for Vietnam, reaffirming a strategic investment commitment of up to $10 billion, aligned with both the group's capabilities and Vietnam’s developmental goals, as cited in the report.

The Adani Group is recognized as a global leader in energy and logistics.

With extensive global experience, Gautam Adani expressed his willingness to invest in priority areas for Vietnam, including strategic infrastructure, energy, renewable energy, and emerging technologies like artificial intelligence.

He conveyed hopes for ongoing support from the Vietnamese Party and state to create favorable conditions for the Adani Group’s operations in the nation.

In return, General Secretary To Lam congratulated the Adani Group on its substantial achievements and contributions to India’s economic growth in recent years.

He commended the company's long-term investment strategy in Vietnam, viewing it as a pathway to enhance economic cooperation between the two countries.

The Party leader urged the Adani Group to collaborate directly with relevant ministries and local authorities to clarify partnership priorities, thereby expediting the initiation of proposed projects, as reported.

He highlighted that Vietnam is actively pursuing strategic breakthroughs, prioritizing advancements in science and technology, fostering innovation and digital transformation, and expanding the private sector economy.

The country is dedicated to offering all possible favorable conditions for both domestic and foreign-invested enterprises to pursue investment and business initiatives that contribute to national growth.

Expressing satisfaction with the robust development of the Vietnam-India comprehensive strategic partnership, established in 2016, he encouraged businesses from both nations, including the Adani Group, to deepen economic, trade, and investment cooperation to fully realize their mutual potential, as noted in the Tuoi Tre News report.