Prime Minister Pham Minh Chinh receives CEO of Adani Group’s Adani Ports and SEZ Limited (APSEZ) Karan Adani. (Photo: VNA)

The Prime Minister told his guest that during the recent expanded Summit of the Group of Seven in Japan, he met with his Indian counterpart, Prime Minister Narendra Modi to discuss measures and orientations to promoting bilateral cooperation that matches with the potential of their comprehensive strategic partnership.

Informing CEO Adani about national development, the Prime Minister said Vietnam is building an independent and self-reliant economy that actively pushes forward extensive and effective global integration, toward becoming a developing country with modern industry and high-middle income by 2030 and a developed country with high income by 2045.

Vietnam is focusing on three strategic breakthroughs, namely fine-tuning institutions, developing human resources and building infrastructure, he said.

During this process, he said Vietnam effectively mobilises and utilises all resources for development. Internal resources are considered fundamental, strategic, long-term and decisive while external resources are seen as important, breakthrough-oriented and regular.

Adani, for his part, said Adani is the biggest economic conglomerate in India operating in various sectors such as port, transportation, logistics, energy, and digital technology in over 50 countries worldwide.

The group spent time on exploring opportunities in Vietnam and decided to make long-term commitments in the country, not only in port and logistics but also in energy and digital technology. Specifically, CEO Adani aims to build an eco-friendly port ecosystem and invest in wind and solar power plants there, with a total capital of about 10 billion USD, in accordance with Vietnam's development strategy, he added.

Prime Minister Chinh stressed that Vietnam welcomes Adani's investment in these sectors, particularly in the development of Lien Chieu port in the central city of Da Nang and renewable energy projects in Vietnam.

Vietnam is ready to create even more favourable conditions for Indian companies and major conglomerates, including Adani, to do business in the country, he said.

He hoped that Adani will expand investment in this field and work effectively with Vietnamese partners to achieve specific results.

Agreeing with the Prime Minister’s suggestions, Adani said APSEZ will work closely with Vietnamese stakeholders to launch specific projects, contributing to effectively promoting bilateral comprehensive strategic partnership as expected by the Prime Minister.