Vietnamese Firm Vingroup to Invest $3 Billion in Telangana.

Vietnamese conglomerate Vingroup has announced a phased investment of $3 billion in Telangana, targeting sectors including smart urban development, electric mobility solutions, healthcare, education, tourism, and renewable energy.

The company signed a memorandum of understanding (MoU) with the Telangana government during the two-day Telangana Rising 2047 Global Summit held in the state.

“This MoU marks a significant milestone in Vingroup’s global expansion and reinforces the stature and capability of one of Vietnam’s leading multi-sector corporations on the international economic stage,” a company executive said on Tuesday.