Vietnamese conglomerate Vingroup has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to establish a framework for cooperation in studying and developing strategic investment opportunities in the state. The agreement marks the next phase of Vingroup’s expansion strategy in India, with a specific focus on Tamil Nadu, and reinforces the group’s long-term commitment to the South Asian market.
The signing ceremony was attended by Tamil Nadu Chief Minister M. K. Stalin, Pham Sanh Chau, Chief Executive Officer of Vingroup Asia, and senior officials from the Tamil Nadu government.
Under the MoU, Vingroup and the state government, through Guidance, Tamil Nadu’s investment promotion agency, will jointly explore cooperation opportunities across key sectors. These include large-scale tourism and entertainment projects, premium hospitality infrastructure, and electric mobility solutions, aligned with the state’s focus on sustainable development, green transport, and inclusive growth.
In the tourism and entertainment segment, Vingroup will study the development of an international-standard theme park, zoo, and safari complex under its VinWonders brand. The proposed project would feature a semi-wildlife zoo model and aims to enhance Tamil Nadu’s tourism competitiveness, attract domestic and international visitors, and generate significant employment for local communities.
In premium hospitality, the group will consider potential investment in a five-star resort under the Vinpearl brand, contributing to the development of a high-quality resort tourism ecosystem and catering to the growing premium travel market in the state.
As part of the green mobility initiative, both sides will study the potential deployment of electric mobility solutions, including a large-scale electric taxi model using Made-in-India electric vehicles operated by GSM, the electric taxi service company founded by Vingroup Chairman Mr. Pham Nhat Vuong.
The Government of Tamil Nadu may support Vingroup by identifying suitable project locations, coordinating planning and structuring activities, facilitating licensing procedures, considering incentives in line with existing policies, and working with relevant agencies to prepare necessary connectivity infrastructure.
Commenting on the development, Pham Sanh Chau, Chief Executive Officer of Vingroup Asia, said, “The MOU with Tamil Nadu continues to demonstrate Vingroup’s long-term and consistent approach in India, while reaffirming the State’s role in our development strategy in the market. We would like to express our sincere appreciation to the Honourable Chief Minister of Tamil Nadu, together with the State’s authorities, in particular Guidance, the Investment Promotion and Facilitation Agency, and SIPCOT, the State Industries Promotion Corporation of Tamil Nadu, for their continued support and close cooperation over the past period. Vingroup wishes to accompany localities that have a vision for sustainable development, leveraging experience in implementing large-scale projects in tourism, service infrastructure, and electric mobility, thereby creating practical socio-economic value for local communities.”
Vingroup is Vietnam’s largest private multi-sector corporation, operating across six core pillars—Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Culture, and Social Enterprises—with a vision to create a better life for people. The group is expanding its global footprint, with India identified as one of its priority markets.
Earlier, Vingroup had signed an MoU with the state of Telangana to explore multi-sector investment opportunities. In parallel, global electric vehicle manufacturer VinFast, a member of the Vingroup ecosystem, is strengthening its presence in India through the development of a comprehensive electric vehicle ecosystem. These initiatives reflect Vingroup’s consistent and long-term investment strategy in India while contributing to the strengthening of Vietnam–India economic cooperation.
