According to Bloomberg, Indian billionaire Gautam Adani is considering investing more than $2 billion in a port in Vietnam’s coastal city of Danang.
It said the Lien Chieu port development is one of numerous infrastructure projects being considered, citing the chairman of Adani Group in a meeting with Vietnamese Prime Minister Pham Minh Chinh in New Delhi. Karan Adani, managing director of Adani Ports and Special Economic Zone Ltd., said in an interview with Bloomberg News earlier in July that the company had secured an “in-principle approval from the Vietnamese government” for a Danang port development.
Vietnam’s government reported last year that the group would commit about $10 billion to the country’s logistics, ports, energy, and technology sectors.
According to the posting, Adani is looking to invest in the construction of Long Thanh and Chu Lai airports and $2.8 billion in a thermal power project in Vietnam’s south-central coastal province of Binh Thuan.
Source: Port News
