Gautam Adani plans massive $10 billion investment in Vietnam

On July 30, 2025, Indian billionaire Gautam Adani met with To Lam, the general secretary of Vietnam's Communist Party, in Hanoi to discuss future investments. Adani stated that he sees Vietnam as a dynamic economy and one of the region's primary attractions for foreign investment. This meeting emphasizes the Adani Group's commitment to expand its operations into Vietnam and encompasses a wide range of sectors including infrastructure, energy, renewable energy, and technology, particularly artificial intelligence. The Vietnamese government has shown strong support for the Adani Group's initiatives, previously granting in-principle approval for the group to develop a $2 billion port in Danang, a coastal city located around 700 km south of Hanoi. This potential investment marks a significant step for both the Adani Group and Vietnam as they seek to strengthen commercial ties. Adani's visit comes at a complicated time for him, as it follows a trip to China in June, marking his first overseas engagement since being indicted by U.S. prosecutors in November 2024. The allegations involve a reported $250 million bribery scheme related to energy supply contracts in India, and as a result, there have been significant repercussions on his business ventures. These included the cancellation of a major airport expansion project in Kenya and a stance from France's TotalEnergies to halt any new investments in their gas distribution joint venture with Adani. Despite these challenges, Adani's decision to pursue ventures in Vietnam indicates his belief in the country's growth potential and attractiveness to international investors. This $10 billion investment promises to bolster Vietnam's economy, create jobs, and accelerate technological advancements in various sectors. It reveals a strategic attempt by both the Adani Group and the Vietnamese government to harness opportunities in an increasingly competitive global marketplace.