Vingroup chief meets India's second richest man to discuss partnership

By Minh Son   November 8, 2023 | 08:45 pm PT
Vingroup chief meets India's second richest man to discuss partnership
Vingroup chairman Pham Nhat Vuong (L) and Adani Group chairman Gautam Adani meet at the headquarters of Adani Group in India on Nov. 8, 2023. Photo courtesy of Gautam Adani
Vietnam’s richest person, Pham Nhat Vuong, called on India’s second richest, Gautam Adani, Wednesday to discuss potential tie-ups.

The two met at the headquarters of Adani Group, a conglomerate with interests in port development and management, electricity and infrastructure – in India on Wednesday, and the Indian billionaire posted a picture of them on X (formerly Twitter).

"Truly inspired by the remarkable entrepreneurial journey of this visionary leader from an instant noodle business to spearheading the production of a comprehensive range of EVs and cutting-edge battery solutions for the global shift towards green mobility," he said in the caption.

Adani started his career from agriculture and coal mining and is now the 23rd richest person in the world with a net worth of $52 billion, according to Forbes.

In September last year he had briefly surpassed Amazon founder Jeff Bezos to become the second richest in the world with a net worth of $146.8 billion.

Vuong is the chairman of conglomerate Vingroup and the 614th richest person globally.

A Vingroup spokesperson confirmed the meeting and said the two billionaires spoke about opportunities for partnerships in Vietnam and India, one of the markets that auto subsidiary VinFast wants to expand to besides Indonesia, Malaysia and the Middle East.

VinFast is considering buying a factory from U.S. auto company Ford in Chennai in southern India, according to a recent report by AutoCar India, which said the automaker is looking for a plant that could produce 100,000 cars a year.

Ford’s factory has a capacity of 210,000 units a year.

VinFast has started hiring in India, and is expected to start selling cars there next year.

It now sells in three markets: Vietnam, North America and Europe (France, the Netherlands and Germany).

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