Overview
- Vietnam’s government confirmed that Adani Group will invest up to $10 billion in projects spanning ports, energy facilities, renewable power and artificial intelligence.
- The approval builds on earlier in-principle backing for a $2 billion port development in Danang to enhance the country’s maritime infrastructure.
- India–Vietnam trade surged to $15.76 billion in fiscal 2026, marking a 6.4 percent year-on-year increase that underscores expanding commercial links.
- The investment pledge followed a July 30 meeting between Gautam Adani and General Secretary Tô Lâm and coincided with Indian Navy port calls in Da Nang to bolster maritime cooperation.
- The expansion drive is unfolding despite a U.S. Department of Justice indictment accusing Adani of involvement in a $250 million bribery scheme.