Vingroup has signed a Memorandum of Understanding (MoU) with the Government of Telangana at the Telangana Rising Global Summit, proposing an investment of USD 3 billion to be implemented in a phased manner to develop a multi-sector ecosystem in the state. Under the MoU, both parties will collaborate to explore strategic opportunities across key sectors including smart urban development, electric mobility solutions, healthcare, education, tourism, renewable energy and charging infrastructure, spread across approximately 2,500 hectares in Telangana. The collaboration will also explore electric taxi services, with the overarching objective of advancing the state’s socio-economic development and long-term growth vision.
The MoU marks a significant milestone in Vingroup’s global expansion journey and reinforces the stature and capabilities of one of Vietnam’s leading multi-sector corporations on the international economic stage.
In the electric mobility domain, Vingroup proposes to introduce India’s first large-scale electric taxi fleet and mobility-as-a-service platform using VinFast vehicles through GSM in Telangana. The Group may also explore potential opportunities related to EV manufacturing initiatives in the future.
In urban development, Vingroup plans to develop a Vinhomes Smart City mega urban project designed to accommodate approximately 200,000 residents across a 1,080-hectare site. The project is expected to generate around 10,000 jobs and will feature a balanced mix of low-rise and high-rise developments, international-standard amenities, a limited built-up footprint and sustainable urban planning principles.
Under social infrastructure, the Group proposes to develop essential facilities across a planned land area of approximately 70 hectares. This includes Vinschool’s integrated K–12 education system, Vinmec international-standard multi-specialty hospitals and the V-Green electric vehicle charging network.
In tourism and entertainment, Vingroup, through VinWonders, aims to develop an integrated complex comprising a theme park, zoo and safari spread over approximately 350 hectares. The project is expected to significantly enhance Telangana’s tourism infrastructure while generating large-scale employment.
In renewable energy, Vingroup, through VinEnergo, proposes to invest in a 500 MW solar power project across approximately 500 hectares. The project is intended to provide a stable source of green electricity for urban areas, industrial zones and the broader electrified mobility ecosystem.
In addition to these initiatives, Vingroup also proposes to participate in the development of strategic connectivity infrastructure to strengthen regional linkages and enhance the state’s urban spatial development capacity.
On the government’s side, the Government of Telangana has committed to supporting land identification and facilitation for each project, coordinating master planning and project structuring, assisting with administrative procedures and mobilising relevant agencies to develop the required connecting infrastructure. The state will also consider extending incentives in line with existing policies and will work closely with Vingroup through the research and implementation phases to ensure timely and effective execution.
The MoU establishes a foundation for large-scale investments that are expected to directly contribute to Telangana’s economic growth while strengthening the international presence of Vietnamese enterprises. The partnership also supports the broader economic relationship between Vietnam and India, fostering stronger business ties and enabling deeper cooperation in the future.
Sri A. Revanth Reddy, Hon’ble Chief Minister of Telangana, said, “The USD 3 billion investment by Vingroup is a strong vote of confidence in the ‘Telangana Rising’ vision, particularly our focus on sustainable urban development and green infrastructure. This is more than capital – it is a partnership to build a futuristic, net-zero city and introduce India’s first large-scale electric taxi fleet, directly improving the quality of life for our citizens. Our government is committed to accelerated execution to ensure this global vision becomes a local reality.”
Sri D. Sridhar Babu, Hon’ble Minister for Industries, Government of Telangana, said that Vingroup’s multi-sector commitment, spanning smart cities, solar power and advanced social infrastructure such as hospitals and schools, demonstrates the stability and depth of Telangana’s industrial policy. He added that the state remains focused on translating this significant capital inflow into local opportunity, positioning Telangana as a gateway for Vietnamese and South-East Asian investments into India’s fast-growing economy.
Mr. Sanjay Kumar, IAS, Special Chief Secretary to the Government of Telangana, said, “We welcome Vingroup to Telangana and recognise the Group’s achievements in Vietnam, particularly in urban development, green infrastructure and electrified transportation. With its extensive expertise and ability to execute large-scale projects, this cooperation is expected to play a meaningful role in shaping a modern, sustainable urban landscape and improving the quality of life for the people of Telangana.”
Mr. Pham Sanh Chau, CEO of Vingroup Asia and VinFast Asia, said, “Vingroup sees tremendous potential in Telangana and aspires to build a long-term partnership with the state government. With our proven track record in mega urban developments, large-scale infrastructure and comprehensive electric mobility ecosystems, we believe this collaboration will deliver tangible value, promote sustainable development and enhance the quality of life for local residents.”
Telangana, with a population of approximately 38.5 million, is a key state in India and a major technology and economic hub in southern India. The state continues to attract global investors due to its dynamic business environment and strong growth potential, particularly in the software and technology sectors.
Vingroup is Vietnam’s largest private multi-sector conglomerate, operating across six core pillars – Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Culture and Social Enterprises – with a vision of creating a better life for people.
With its scale, reputation and execution capabilities, Vingroup is steadily expanding its global footprint. The Group was recently featured in TIME Magazine’s “TIME World’s Best Companies 2025” list, recognising its contributions to sustainability, innovation and global impact.
Earlier, Vingroup entered the Indian market through its electric vehicle brand VinFast, establishing a manufacturing facility in Tamil Nadu and introducing a premium EV portfolio. VinFast is also developing an electric mobility ecosystem in India, aligned with a shared vision of accelerating the green mobility transition.
