Vietnam's Aviation and Logistics Sector to Receive Investment from India's Adani Group

By: Asia Business Outlook Team | Thursday, 01 August 2024

India's Adani Group is exploring opportunities to invest in Vietnam's aviation and logistics sectors, according to a statement from the Vietnamese government on Wednesday. This announcement follows a meeting between Vietnamese Prime Minister Pham Minh Chinh and Gautam Adani, the head of the Adani Group, during Chinh's official visit to India.

Adani Group is considering investments in two significant airport projects in Vietnam:

Long Thanh Airport: Located in the southern region of Vietnam, Long Thanh Airport is a major infrastructure project aimed at relieving the overload of Tan Son Nhat Airport in Ho Chi Minh City.

Chu Lai Airport: Situated in the central region of Vietnam, Chu Lai Airport is strategically positioned to support economic development in the area.

The statement did not specify the exact amount of investment or the timeline for these projects. However, it highlighted Adani Group's intent to strengthen cooperation with Vietnamese partners in aviation and logistics.

This initiative builds upon Adani Group's broader plans in Vietnam. Last year, Karan Adani, the elder son of Gautam Adani, announced intentions to invest up to $3 billion in seaport and renewable energy projects. Looking ahead, these investments could potentially expand to $10 billion over the longer term, reflecting the group's strategic interest in enhancing its presence in Vietnam's infrastructure and energy sectors.