Adani to invest in Vietnam

The Adani Group is contemplating significant investments in Vietnam, focusing on the construction of two major airports, Long Thanh and Chu Lai, as part of a broader strategy to enhance cooperation in aviation and logistics. This consideration follows a meeting between Gautam Adani and Vietnamese Prime Minister Pham Minh Chinh, where no specific investment amounts or timelines were disclosed. Additionally, the group has previously indicated plans for a $3 billion investment in seaports and renewable energy in Vietnam, with potential long-term investments reaching $10 billion. Concurrently, in Kenya, the Adani Group is under scrutiny for a $2.5 billion airport lease proposal that has drawn public concern regarding transparency and governance, amid ongoing protests against the government. Kenya's government is reviewing the proposal, which aims to modernize and expand the country's largest airport to support economic growth and improve connectivity. The outcomes of both ventures will depend on regulatory approvals and successful negotiations with local governments.