'World's 12th Richest' Adani of India Considers Large-Scale Investment in Vietnam Ports and Airports

Expressed intention during meeting with Pham Minh Chinh, Vietnamese Prime Minister
Reviewing investment worth approximately 4.8 billion USD

Gautam Adani, chairman of India's Adani Group and the second richest person in Asia, is considering a large-scale investment of about $2 billion (2.7 trillion KRW) in Vietnamese infrastructure, including port development.

Chairman Adani of India [Photo by Yonhap News]

According to Bloomberg and Reuters on the 1st (local time), Adani expressed this intention during a meeting with Vietnamese Prime Minister Pham Minh Chinh, who visited India the previous day.

The Vietnamese government issued a statement regarding this, saying, "Chairman Adani is considering an investment of $2 billion in the development of Da Nang port and a $2.8 billion (approximately 3.8 trillion KRW) thermal power plant project in the southern Binh Thuan province," adding, "Adani plans to strengthen cooperation with Vietnamese partners in the aviation and logistics sectors." There was no mention of the total investment amount or timing.

Earlier, Karan Adani, the eldest son of Chairman Adani, announced last month that he had obtained the "principled approval of the Vietnamese government" for the Da Nang port development. At that time, Karan said that Adani Group could potentially invest up to $10 billion (approximately 13.7 trillion KRW) in Vietnam in the long term.

If Adani Group invests in Da Nang this time, it will become the fourth overseas port after Haifa in Israel, Colombo in Sri Lanka, and Dar es Salaam in Tanzania. Adani Group is known as one of the world's largest logistics and energy companies.

According to the Bloomberg Billionaires Index, Chairman Adani's net worth is estimated at about $108 billion (14.8 trillion KRW) as of today. This ranks him as the second richest person in Asia, following Mukesh Ambani, chairman of India's Reliance Industries, who has $113 billion, and the 12th richest person in the world.

This content was produced with the assistance of AI translation services.