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Adani plans to build port in Vietnam to tap trade opportunities

Bloomberg
Bloomberg • 2 min read
Adani plans to build port in Vietnam to tap trade opportunities
Billionaire Gautam Adani plans to build a port in Vietnam as the Indian conglomerate seeks to develop infrastructure overseas. Photo: Bloomberg
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Billionaire Gautam Adani plans to build a port in Vietnam as the Indian conglomerate seeks to develop infrastructure overseas to tap opportunities from increasing trade.  

Adani Ports and Special Economic Zone has secured an “in-principle approval from the Vietnamese government” for a greenfield development in Da Nang, Karan Adani, managing director of the company, said in an interview.

The project, which will have container terminals and multipurpose berths to handle various types of cargo, is at an early stage of planning and the total investment required has not been finalised yet, he said. 

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