(MPI) - Minister of Planning and Investmentm Nguyen Chi Dung had a meeting with Adani Group on July 31 (local time), as part of Prime Minister Pham Minh Chinh’s state visit to India from July 30 to August.

At the meeting. Photo: MPI

During a meeting with Prime Minister Pham Minh Chinh, Chairman of Adani Group said that his group is planning to invest in Lien Chieu Port (Da Nang) with about 2 billion USD. The development of the port would complete the logistics ecosystem for Da Nang and the central region.

Adani also wishes to invest 2.8 billion USD in the Vinh Tan 3 thermal power plant in Binh Thuan province, and the construction of the Long Thanh Airport phase 2 (Dong Nai) and Chu Lai airport (Quang Nam).

Gautam Adani, Chairman of Adani Group said that with their financial and technical capabilities, the group and personally himself are committed to deeply engaging in projects in Vietnam.

In the meeting with Adani Group, Minister Dung addressed concerns and issues raised by the group due to investment adjustments, and urged both side implement certain agreements to expedite investment in Lien Chieu port in Vietnam and other projects, in compliance with Vietnamese laws.

“If you have any difficulties or need support, please share and discuss with us. The MPI will work together with the relevant Vietnamese authorities to research, resolve, and provide all possible conditions”, the minister affirmed.

Representatives of Adani group pledged to soon complete investment procedures and closely coordinate with the MPI and other relevant Vietnamese authorities to promptly initiate the projects as regulated.

Adani Group is the largest airport operator in India and controls Mundra Port - the largest port in India. The group also invests in power transmission and green energy sectors. Gautam Adani, aged 61, was once the richest man in Asia and third richest globally with a fortune of over 150 billion USD in September 2022. According to the latest Forbes ranking, he is currently the second richest in Asia with a net worth of 87.6 billion USD.

Lien Chieu, as planned, is a type one deep-water port with significant importance as a connection point of the international East-West economic corridor and the gateway of the Central region. Upon completion, the multipurpose wharf of the port will accommodate vessels up to 100,000 tons, and the container terminal up to 200,000 tons. The port’s capacity by 2045 is expected to handle approximately 100 million tons of cargo annually. The state is estimated to invest about 3 trillion VND in shared infrastructure and calls for synchronised investment in this seaport./.

Bao Linh

Ministry of Planning and Investment