Prime Minister Pham Minh Chinh receives Chairman of Adani Group, India

Welcoming the Chairman of Adani Group to visit Vietnam and congratulating Adani on its continued development, the Prime Minister expressed his delight at the fact that the Comprehensive Strategic Partnership between Vietnam and India is developing very positively in all fields, however, economic relations are not commensurate with their potential. In particular, the two countries' senior leaders always pay great attention to promoting economic - trade - investment cooperation, including facilitating businesses of the two countries.

The Prime Minister said that Vietnam always welcomes and is ready to welcome large Indian corporations, including the Adani Group, to invest in Vietnam in strategic areas such as infrastructure, energy, etc.

According to Prime Minister Pham Minh Chinh, Vietnam has signed 16 free trade agreements with more than 60 major markets in the world. Vietnam prioritizes three strategic breakthroughs: perfecting institutions, developing human resources, and building infrastructure, including transport infrastructure, including highways, seaports, and airports. In this process, Vietnam attaches importance to and continues to propose many favorable policies and an open environment to attract high-quality foreign investment in the spirit of "harmonious benefits and shared risks".

Thanking and pleased that the Prime Minister took the time to receive the delegation, Chairman of Adani Group Gautum Adani expressed his admiration and congratulated Vietnam on its many outstanding achievements in socio-economic development, especially in the context of the world still facing many difficulties and challenges, including the leadership and management role of Prime Minister Pham Minh Chinh.

Mr. Gautum Adani highly appreciated the investment environment in Vietnam, especially the attention, willingness to dialogue, and remove difficulties to help businesses develop sustainably.

Mr. Gautam introduced to the Prime Minister about the Group, the Group's operating principles and Adani's cooperation strategy in Vietnam with a total investment value of up to 10 billion USD in the next 10 years, in the fields of seaports, logistics, infrastructure, renewable energy, including the Lien Chieu Port Project, Da Nang. He said that the Group wishes to invest in Vietnam in a number of fields such as: seaports, green energy, power transmission, airports, inland waterways and other fields of mutual interest.

Prime Minister Pham Minh Chinh was pleased to learn that Adani Group has opened a representative office in Vietnam and developed a long-term investment plan in Vietnam. Informing that the areas Adani is interested in investing in are consistent with Vietnam's development strategy, the Prime Minister suggested that along with capital investment, Adani should bring to Vietnam advanced technology, new technology, high technology, clean technology, modern management, high added value, spillover effects, and connection to the global production and supply chain.

In the immediate future, the Prime Minister requested that the Adani Group closely coordinate with Vietnamese ministries, sectors and localities to effectively implement the Lien Chieu port project; study investment in the construction of Chu Lai airport and specific projects in the fields of renewable energy. The Prime Minister affirmed that Vietnam will support and create all favorable conditions for businesses, including Indian businesses in general and Adani in particular, to carry out effective and sustainable investment and business activities in Vietnam, actively contributing to the development of the Comprehensive Strategic Partnership between the two countries.

Adani Group is India's largest conglomerate specializing in infrastructure and energy; owns 14 of the largest private ports in India, accounting for 25% of India's port capacity and 7 airports in India. In 2023, the Group's revenue will reach about 33 billion USD, profit will reach about 2.9 billion USD with 29,000 employees worldwide. Mr. Gautum Adani is the 15th richest billionaire in the world with 82.5 billion USD, the second richest person in India and Asia.