The statement stated that Adani would soon collaborate with Vietnamese partners and stakeholders on particular national investment projects. Over time, the investment could reach $10 billion. CEO of APSEZ (Adani Ports and Special Economic Zone Limited), Karan Adani, stated that despite the controversy surrounding Adani tax evasion, the Group has made long-term investments in Vietnam in energy, digital technology, and seaports and logistics.

1. ADANI GROUP PLANS TO INVEST
$3 BILLION IN VIETNAM

2. In a statement on May 24, 2023, the Vietnamese
government said that India’s Adani Group is considering
investing up to $3 billion in seaport and renewable
energy projects in Vietnam. The announcement followed
a meeting that day in Hanoi between Adani Ports and
Special Economic Zone CEO Karan Adani and
Vietnamese Prime Minister Pham Minh Chinh, who is part
of the Adani Group.
The statement stated that Adani would soon collaborate
with Vietnamese partners and stakeholders on
particular national investment projects. Over time, the
investment could reach $10 billion. CEO of APSEZ (Adani
Ports and Special Economic Zone Limited), Karan Adani,
stated that despite the controversy surrounding Adani
tax evasion, the Group has made long-term
investments in Vietnam in energy, digital technology,
and seaports and logistics.

3. ACCORDING TO ADANI, THE BUSINESS
IS EVALUATING POTENTIAL LONG-
TERM INVESTMENT OPPORTUNITIES IN
THE NATION OF SOUTHEAST ASIA
Vietnam is prepared to establish more
advantageous circumstances for the Adani
Group to invest and conduct business there.
These sustained investments in Vietnam
demonstrate that the Adani tax evasion
controversy is untrue. In response to the
controversy, the Adani Group stated that
Amicorp is a reputable business that offers
secretarial services to several companies,
including Adani. It declared that the
“unrelated scandals“ didn’t concern it.

4. VIETNAM POTENTIALLY HAS
IDEAL CIRCUMSTANCES FOR THE
ADANI GROUP
Gautam Adani highlighted that Vietnam offers
the ideal conditions for foreign enterprises,
especially those based in India, to invest in the
country’s critical infrastructure, encompassing
energy, transportation, digital, and climate
change sectors.
The Adani Group intends to invest about $3 billion
in Vietnam’s solar and wind power plants and
create a green seaport ecosystem. He informed
his host that the conglomerate would shortly work
with relevant ministries and agencies in Vietnam
to develop focused cooperation initiatives.
Despite the controversy surrounding Adani tax
evasion, the statement asserted that the Adani
Group would promptly work with Vietnamese
partners and stakeholders on particular
investment projects in the country.

5. THANK YOU