Prime Minister Pham Minh Chinh worked with leaders of India's Adani Group. Photo: VOV

At the meeting, Gautam Adani, Chairman and Founder of Adani Group said his firm has invested in Lien Chieu Port in Vietnam’s central city of Da Nang with about 2 billion USD, noting it wishes to engage in energy projects in the central province of Binh Thuan, specifically Vinh Tan 3 Thermal Power Plant with a total investment of around 2.8 billion USD, cooperate with Vietnam’s SOVICO Group in Chu Lai and Long Thanh airport projects, and build a logistics center in the Southeast Asian nation.

The PM lauded the business’s operation in Vietnam over the past years as well as its expansion plan in the time ahead. He said Vietnam will create all possible conditions for foreign investors to join essential infrastructure projects in expressway, airport, seaport, high-speed railway, metro, and logistics. PM Chinh called on the group to land investments and bring cutting-edge, new, high, clean technology and modern administration into Vietnam, connecting the country with global production and supply chains.

Prime Minister Pham Minh Chinh works with P. Ramesh Babu, Chairman of SMS Pharmaceuticals Group and a number of senior members of the Group. Photo: VOV

The PM also met representatives from the joint venture of SMS Pharmaceuticals Ltd and Sri Avantika Contractors operating in mining, pharmacy, infrastructure and trade, among other fields.

Ramesh Babu, Chairman and Managing Director of SMS Pharmaceuticals Ltd, and Narendra Reddy, Managing Director of Sri Avantika Contractors, highly valued Vietnam’s investment environment, and called for the Government’s support to and approval of the joint venture’s projects. They said the joint venture needs about 500 hectares to build a pharmaceutical park in Vietnam, with an investment capital of from 700 million to 1 billion USD in the first phase, which would increase to 4-5 billion USD after 10-12 years.

PM Chinh spoke highly of its plans for cooperation, investment and technology transfer in Vietnam and suggested it hold working sessions with the Vietnamese Ministry of Health and other ministries, agencies and localities to materialize the plans.

Prime Minister Pham Minh Chinh received Dharmesh Shah, Chairman and Founder of BDR Group. Photo: VOV

The PM also held a working session with Dharmesh Shah, Chairman and Founder of BDR Group, which is specialized in pharmaceutical industry and cancer drug production.