(MPI) - Within the framework of Prime Minister Pham Minh Chinh's state visit to India from July 30 to August 1, 2024, implementing the Prime Minister's direction, on the afternoon of July 31, 2024, Minister Nguyen Chi Dung had a quick meeting with Adani Group (India). The meeting took place right after Prime Minister Pham Minh Chinh received Mr. Gautam Adani - Chairman of Adani Group.

At a meeting with Prime Minister Pham Minh Chinh, Chairman of Adani Group said that he is proposing to invest in Lien Chieu Port (Da Nang) with a total estimated capital of 2 billion USD. This seaport is expected to complete the logistics ecosystem for Da Nang and the Central region.

Adani also plans to invest 2.8 billion USD in the Vinh Tan 3 thermal power project (Binh Thuan). In addition, the group also wants to participate in the construction of Long Thanh airport phase 2 (Dong Nai) and Chu Lai airport (Quang Nam). "With our financial and technical capabilities, we will participate more deeply in many projects in Vietnam. That is my personal commitment," said Mr. Gautam Adani - Chairman of Adani Group, and hoped that the Prime Minister would encourage the group to fulfill this commitment.

Minister Nguyen Chi Dung took a photo with delegates at the working session with leaders of Adani Group (India). Photo: MPI

The Prime Minister assigned Minister of Planning and Investment Nguyen Chi Dung and relevant agencies and localities to directly discuss with Adani Group immediately after this meeting to thoroughly handle related issues, agree on methods, and implement procedures according to regulations.

Pursuant to the Prime Minister’s direction, Minister Nguyen Chi Dung had a working session with Adani Group. Also attending were representatives of the Ministry of Transport, Da Nang People’s Committee and related units.

At the meeting, the Minister listened to the questions and issues raised with Adani in the process of promoting projects in Vietnam. After listening, the Minister requested the parties to immediately implement a number of contents to be able to soon deploy investment in the Lien Chieu seaport project in Vietnam as well as other projects, in accordance with the provisions of Vietnamese law.

For the Lien Chieu port project, the Vietnamese side intends to select an overall infrastructure investor. As for the exploitation of this seaport, foreign enterprises can cooperate with domestic units according to the law. Therefore, Adani and the Anh Phat joint venture need to urgently complete the procedures according to the provisions of Vietnamese law.

“If you have any problems or need any support, please share and discuss with us. We will work with Vietnamese authorities to research, resolve, and support,” the Minister shared.

Minister Nguyen Chi Dung at a working session with leaders of Adani Group (India). Photo: MPI

Adani Group representative said that they will continue to speed up the completion of project investment procedures, closely coordinate with the Ministry of Planning and Investment and relevant agencies of Vietnam to soon implement the project according to regulations.

Adani Group is the operator of India's largest airport and controls Mundra Port - India's largest port. The group also invests in the fields of power transmission and green energy. Mr. Gautam Adani, 61, was once the richest man in Asia and the third richest in the world with a fortune of more than 150 billion USD in September 2022. According to the latest Forbes ranking, he is now the second richest person in Asia with a fortune of 87.6 billion USD, behind his compatriot Mukesh Ambani.

Lien Chieu is planned to be a deep-water port of type I with an important position, a connection point of the international East-West economic corridor, and a gateway to the entire Central region. When put into use, the port's general wharf will have a scale of 100,000 tons, and a container port of 200,000 tons. This port has a capacity of about 100 million tons of goods passing through a year by 2045. It is estimated that the State will pour about 3,000 billion VND to invest in shared infrastructure and call for synchronous investment in this seaport./.

Tung Linh

Ministry of Planning and Investment