Vietnam’s leading business group Vingroup
India is now becoming the first choice for foreign investors and this has been confirmed by Vietnam’s largest company. Vietnam’s leading business group Vingroup has expressed its biggest trust in India so far. The company has announced a huge investment of 3 billion dollars (about Rs 25,000 crore) to change the image of the South Indian state Telangana.
Preparation to settle the entire city
Often when foreign companies come to India, their focus is only on manufacturing, but Vingroup has something else in mind. On Tuesday, a historic agreement (MoU) was signed between the company and the Telangana government. Under this agreement, a new blueprint for development will be drawn on about 2,500 hectares (6,177 acres) of land.
According to the plan, the company Telangana It will not only make electric vehicles, but will also build a ‘Smart Urban Development’ i.e. Smart City. It will include a modern city spread over 1,080 hectares, a huge theme park in 350 hectares and institutions related to health and education. Besides, a 500 MW solar farm will also be installed so that this entire project remains environment friendly.
Bigger project than America now in India
This is Vingroup’s largest investment ever made anywhere in the world outside Vietnam. The company is setting up a $2 billion factory in North Carolina, America, but for India they have budgeted an even bigger amount, i.e. $3 billion.
Telangana government also does not want to miss this opportunity. The government has promised to ‘fast-track’ land allocation and approvals. State Special Chief Secretary Sanjay Kumar believes that this project will make Telangana India’s gateway for South-East Asian investment.
Earned good profit in 9 months
Vingroup is not completely new to India. Their electric vehicle arm ‘VinFast’ has already established its roots in Tamil Nadu and is increasing investments there too. The company has earned good profits in the first nine months of 2025, which is almost double compared to last year. However, in this race for expansion, the debt burden on the company has also increased, which had reached $12.35 billion by September 2025.