Vingroup signed a memorandum of understanding (MoU) with the Telangana government at the Telangana Rise Global Summit, proposing a phased investment of USD 3 billion to develop a multi-sector ecosystem in the state. As per the MoU, both parties will collaborate to explore strategic opportunities in key sectors including smart city development, e-mobility solutions, healthcare, education, tourism, renewable energy and charging infrastructure spread over approximately 2,500 hectares of land in Telangana. The partnership will also explore electric taxi services with the overall objective of promoting socio-economic development and long-term growth vision of the state.
The MoU marks an important milestone in Vingroup’s global expansion journey and strengthens the position and capabilities of one of Vietnam’s leading multi-industry enterprises on the international economic stage.
In the e-mobility space, Vingroup proposes to launch India’s first large fleet of electric taxis in Telangana and a mobility-as-a-service platform using VinFast vehicles over GSM. The Group may also explore potential opportunities related to electric vehicle manufacturing plans in the future.
In terms of urban development, Vingroup plans to develop the Vinhomes Smart City megacity project, which aims to accommodate approximately 200,000 residents on 1,080 hectares of land. The project is expected to create approximately 10,000 jobs and will feature a balanced mix of low-rise and high-rise development, international standard facilities, limited floor space and sustainable urban planning principles.
In terms of social infrastructure, the group plans to develop basic facilities on a planned land area of approximately 70 hectares. These include Vinschool’s comprehensive K-12 education system, Vinmec international standard multi-specialty hospital and V-Green electric vehicle charging network.
In the tourism and entertainment sector, Vingroup aims to develop a complex of approximately 350 hectares through VinWonders, including a theme park, a zoo and a safari park. The project is expected to significantly enhance Telangana’s tourism infrastructure while creating large-scale employment opportunities.
In the renewable energy sector, Vingroup, through the VinEnergo program, is investing in a 500 MW solar power project covering approximately 500 hectares. The project aims to provide a stable source of green electricity to urban areas, industrial areas and the wider e-mobility ecosystem.
In addition to these initiatives, Vingroup proposes to engage in the development of strategic connectivity infrastructure to strengthen regional linkages and enhance the state’s capacity to develop urban spaces.
On the government side, the Telangana government is committed to supporting land identification and facilitation for each project, coordinating the master plan and project structure, assisting with administrative procedures and mobilizing relevant agencies to develop the required connectivity infrastructure. The state will also consider expanding incentives based on existing policies and will work closely with Vingroup during the research and implementation phases to ensure timely and effective execution.
The MoU lays the foundation for large-scale investments that are expected to directly contribute to Telangana’s economic growth while strengthening the international presence of Vietnamese businesses. The partnership also supports the broader economic relationship between Vietnam and India, fostering stronger business ties and fostering deeper cooperation in the future.
Telangana Chief Minister Sri A. Revanth Reddy said: “Vingroup’s $3 billion investment is a strong vote of confidence in the ‘Telangana Rising’ vision, especially our focus on sustainable urban development and green infrastructure. This is not just capital, it is a partnership to build a net-zero city of the future and introduce India’s first large-scale electric taxi fleet, directly improving the quality of life of our citizens. Our government is committed to accelerating execution to ensure that this global goal vision becomes a reality on the ground.”
Sri D. Sridhar Babu, Industries Minister, Government of Telangana, said Vingroup’s multi-sectoral commitments covering smart cities, solar energy and advanced social infrastructure such as hospitals and schools reflect the stability and depth of Telangana’s industrial policy. He added that the state remains committed to converting large capital inflows into local opportunities, positioning Telangana as a gateway for Vietnamese and Southeast Asian investments into India’s fast-growing economy.
Mr. Sanjay Kumar, IAS, Special Chief Secretary, Government of Telangana, said: “We welcome Vingroup to Telangana and recognize the group’s achievements in Vietnam, especially in urban development, green infrastructure and electrified transportation. With its rich expertise and ability to execute large-scale projects, this collaboration is expected to play a meaningful role in shaping modern, sustainable urban landscapes and improving the quality of life of the people of Telangana.”
Mr. Pham Sanh Chau, CEO of Vingroup Asia and VinFast Asia, said: “Vingroup sees huge potential in Telangana and is eager to build a long-term partnership with the state government. With our proven track record in large-city developments, large-scale infrastructure and integrated e-mobility ecosystems, we believe this collaboration will bring tangible value, promote sustainable development and improve the quality of life of local residents.”
Telangana, with a population of approximately 38.5 million, is an important state in India and a major technological and economic center in southern India. The state continues to attract global investors due to its vibrant business environment and strong growth potential, particularly in the software and technology sectors.
Vingroup is Vietnam’s largest private multi-sector conglomerate, with business covering six core pillars including industry and technology, real estate and services, infrastructure, green energy, culture and social enterprise, with the vision of creating a better life for people.
Leveraging its scale, reputation and execution capabilities, Vingroup is steadily expanding its global footprint. The group was recently named to Time magazine’s “World’s Best Companies 2025” list, recognizing its contribution to sustainability, innovation and global impact.
Previously, Vingroup entered the Indian market through its electric vehicle brand VinFast, established a manufacturing plant in Tamil Nadu and launched a premium electric vehicle product portfolio. VinFast is also developing an EV ecosystem in India to achieve a shared vision of accelerating the transition to green vehicles.