India's Adani Group considers investing in Vietnam's airports
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
India's Adani Group is considering investing in two airports in Vietnam, the Vietnamese government said on Wednesday, weeks after the company revealed it had permission to build a seaport in the country.
The government statement comes after a meeting in Delhi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Gautam Adani, head of conglomerate Adani Group, during Chinh's official visit to India.
"Adani is planning to strengthen cooperation with Vietnamese partners in the fields of aviation and logistics, via the construction of Long Thanh airport and Chu Lai airport," the statement said, referring to two major airports in the south and central regions.
The statement did not mention the amount or the time frame of the investment.
Last year, Karan Adani, the elder son of Gautam Adani, announced a plan to invest up to $3 billion in seaport and renewable energy projects in Vietnam. He also said that the investment could reach $10 billion over the longer term.
