Staff Writer
Hyderabad: Vietnam’s Vingroup has signed a Memorandum of Understanding with the Telangana government at the Telangana Rising Global Summit for a proposed investment of USD 3 billion. The investment will be executed in phases to develop a multi-sector ecosystem spread across nearly 2,500 hectares. The partnership aims to advance the state’s long-term growth plans while strengthening the global footprint of one of Vietnam’s most prominent conglomerates.
The MoU outlines collaboration across smart urban development, electric mobility, social infrastructure, tourism, renewable energy and charging networks. Both sides will work together on master planning, project structuring and land identification, with Telangana committing support through administrative facilitation, infrastructure coordination and incentives permitted under existing policies.
Vingroup plans to introduce India’s first large-scale electric taxi fleet and a mobility-as-a-service platform through GSM, using VinFast vehicles. The Group may also explore opportunities linked to future EV manufacturing initiatives in the state.
A major part of the investment is planned for urban development. Vingroup intends to build the Vinhomes Smart City mega project over 1,080 hectares, designed for nearly two lakh residents. The township is expected to create around 10,000 jobs and will include a mix of low-rise and high-rise developments, international-standard amenities and sustainable planning principles.
The Group has also proposed large-scale investments in social and community infrastructure. About 70 hectares will be earmarked for Vinschool’s K-12 education system, Vinmec multi-specialty hospitals and a network of V-Green charging stations.
Tourism and entertainment form another significant pillar of the proposed ecosystem. Vingroup’s leisure arm VinWonders plans to establish an integrated complex featuring a theme park, zoo and safari across roughly 350 hectares, aimed at boosting the state’s tourism offerings and generating employment.
In renewable energy, the Group intends to set up a 500 MW solar farm over 500 hectares to power urban developments, industrial zones and the wider electric mobility network. It is also exploring participation in connectivity infrastructure to strengthen regional linkages and support planned urban expansion.
Chief Minister A. Revanth Reddy described the investment as a strong endorsement of Telangana’s focus on sustainable growth. He said the partnership will help build a futuristic, net-zero urban landscape and introduce a large-scale electric taxi fleet that improves everyday mobility for citizens.
Industries Minister D. Sridhar Babu said the multi-sector commitment reflects the stability of Telangana’s industrial policies and positions the state as a gateway for Vietnamese and Southeast Asian investment into India. Special Chief Secretary Sanjay Kumar noted Vingroup’s achievements in Vietnam and said the collaboration will help shape a modern, sustainable urban environment in Telangana.
Pham Sanh Chau, CEO of Vingroup Asia and VinFast Asia, said the Group sees strong long-term potential in Telangana and aims to bring its expertise in mega urban development, green mobility and large-scale infrastructure to create meaningful value for local residents.
Telangana, with a population of about 38.5 million, is a major technology and economic hub in southern India and continues to attract global investors due to its business-friendly policies and strong growth momentum.
Vingroup, Vietnam’s largest private enterprise, operates across industrials and technology, real estate, infrastructure, green energy, culture and social enterprises. It was recently named in TIME Magazine’s “World’s Best Companies 2025” list, highlighting its global influence and sustainability efforts.
The Group’s presence in India began with VinFast’s entry and its manufacturing project in Tamil Nadu. With the Telangana MoU, Vingroup aims to deepen its India strategy and accelerate the country’s shift toward sustainable urban living and green mobility.
