Adani Ports and Special Economic Zone Ltd. has received initial approval from the Vietnamese government to build a new port in Da Nang.
This development, announced by managing director Kara Adani, will feature container terminals and berths to handle various types of cargo. The project is still in the early planning stages, and the total investment capital has not yet been determined.
As India’s largest port operator, Adani Ports is striving to double its international operations’ volume from 5% to 10% by 2030. The company is actively exploring opportunities in regions such as the Middle East, Southeast Asia, East Africa, and neighboring countries like Bangladesh, Sri Lanka, and Vietnam.
Adani Ports officially entered the Vietnamese market on December 22, establishing a representative office in Hanoi and planning a $10 billion investment over the next five years. The initial investment includes the $2 billion Lien Chieu Seaport in Danang, in partnership with Vietnam Maritime Corporation.
The project is also set to include an industrial park complex, highlighting the Adani Group’s strategy to develop infrastructure overseas to capitalize on increasing trade.
