Indian billionaire Gautam Adani met To Lam, general secretary of Vietnam’s Communist Party, on Wednesday (July 30, 2025).
Courtesy of Vietnam News Agency
Indian ports-to-power billionaire Gautam Adani plans to invest up to $10 billion in Vietnam, deepening the Adani Group’s commitment to the Southeast Asian nation.
The Adani Group is keen to invest in infrastructure, energy, renewable energy, and new technologies such as AI in Vietnam, the Vietnamese government said in a statement on Thursday. The Indian tycoon and To Lam, general secretary of Vietnam’s Communist Party, met in Hanoi yesterday.
In the statement, Adani described Vietnam as a dynamic economy and one of the region’s most attractive investment destinations. Last year, the Vietnamese government reportedly gave in-principle approval for the Adani Group to develop a $2 billion port in Danang, a coastal city about 700 km south of Hanoi.
Adani’s visit to Vietnam happened just weeks after his trip to China in June—marking his first overseas visit since U.S. prosecutors indicted him in November for allegedly being involved in a $250 million bribery scheme to win energy supply contracts in India.
The indictment has slowed Adani’s expansion. The Kenyan government canceled an airport expansion project previously awarded the group, and France’s TotalEnergies announced it would not make any new investments in its gas distribution joint venture with Adani.
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With an estimated net worth of $64.8 billion based on Forbes‘ real-time data, Adani is the second-wealthiest person in India. He is the chairman of the Ahmedabad-based Adani Group, which has interests in airports, cement manufacturing, edible oils, energy, logistics, media, mining, ports, power, and real estate.