As mentioned in the Adani latest updates, the Adani Group, one of the largest Indian conglomerates, has decided to make long-term investments in various business sectors of Vietnam. The conglomerate plans to expand the seaports and logistics sector and wishes to invade the digital and technology sector.
2. As mentioned in the Adani latest
updates, the Adani Group, one of the
largest Indian conglomerates, has
decided to make long-term
investments in various business sectors
of Vietnam. The conglomerate plans to
expand the seaports and logistics
sector and wishes to invade the digital
and technology sector. This will have a
huge role in boosting Vietnam’s
economy and supporting Adani Group’s
diversification journey.
3. The Upcoming Investments
by the Adani Group:
The Vietnam Government has recently made it evident
that the Adani Group is planning on making a 3 billion
USD investment in the seaport ecosystem and the
country’s solar and wind energy projects. Adani Group’s
investments mainly focus on three strategic
breakthroughs: developing human resources,
perfecting the institutions, and building enhanced
infrastructure. Adani Group will effectively utilise all its
resources domestically and internationally to promote
its business activities in Vietnam.
4. The Development of the Wind and
Solar Power Projects:
The Adani Group has already commissioned solar and wind power
plants in Vietnam. These are the Adani Phuoc Minh Wind Power Plant
and the Adani Phuoc Minh Solar Power Plant. As per Adani’s latest
updates, Adani Phuoc Minh Wind Power Plant was approved in 2018.
The project’s construction began in 2020, and the commercial
operation started in October 2021. The plant has a total capacity of
27.3 megawatts (MW). It generates around 80 million kWh of electricity
annually, attending to the needs of thousands of people in Vietnam.
The wind power plant is a joint venture between Adani and Vietnam’s
TSV Joint Stock Company.