India’s Adani Group to invest in Vietnamese seaport

Thursday, May 25, 2023 17:51

Minister of Transport Nguyen Van Thang in a working meeting with Karan Adani, CEO of its Adani Ports and SEZ Limited (APSEZ). — VNA/VNS Photo

The Indian-based conglomerate Adani Group is working on a seaport investment project in Viet Nam with an investment of about US$2 billion, said CEO of its Adani Ports and SEZ Limited (APSEZ) Karan Adani at a meeting with Vietnamese Minister of Transport Nguyen Van Thang in Ha Noi on Wednesday.

Accordingly, Anadi plans to invest in technical infrastructure at Lien Chieu port serving the handling of general, bulk, liquid/gaseous cargo and containers.

Adani hopes to receive the support of the Ministry of Transport to translate the project into reality as quickly as possible, the CEO said, expressed his hope to explore the prospect of investment in other seaports of Viet Nam and on human resources collaboration to operate seaports, inland waterway ports, and ocean fleets.

Minister Thang said given the limited number of Indian enterprises in Viet Nam, the presence of Adani is a positive signal, opening up further cooperation prospects between the nations in the near future.

The ministry is looking for port investors with financial capacity and experience, and is ready to remove difficulties and obstacles and create favourable conditions for investors and businesses, he affirmed.

Thang suggested Adani invest in a complex of port operation infrastructure and logistics industrial park at Lien Chieu and other ports in accordance with Viet Nam’s current regulations.

On the same day, the Indian CEO had a meeting and signed a memorandum of understanding on cooperation strategy for port and logistics development with the Viet Nam Maritime Corporation (VIMC). — VNS

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