HYDERABAD, India (Diya TV) — Vietnam’s largest conglomerate, Vingroup, has announced a major push into India with a proposed $3 billion multi-sector ecosystem in Telangana. The plan marks the company’s biggest potential investment outside Vietnam and highlights India’s growing role in global electric mobility and smart city development.
Vingroup signed a memorandum of understanding with the Telangana state government on Tuesday. The company said it will develop a broad ecosystem across nearly 2,500 hectares in the southern state. The projects will focus on smart urban development, electric vehicles, healthcare, education, tourism, and renewable energy.
Telangana will help fast-track approvals, coordinate planning, and support the allocation of land for the projects. State officials say the partnership will strengthen Telangana’s position as an investment hub in India.
Sanjay Kumar, Special Chief Secretary to the Government of Telangana, said the state aims to become a gateway for Vietnamese and Southeast Asian companies entering India. He said Vingroup’s plans show strong confidence in India’s fast-growing economy.
The $3 billion proposal exceeds Vingroup’s current $2 billion investment in a VinFast EV factory in North Carolina. This makes the Telangana project the group’s largest planned investment outside Vietnam.
The move deepens Vingroup’s presence in India. Its EV arm, VinFast, already operates a manufacturing facility in Tamil Nadu. Last week, the company announced a $500 million expansion of that plant as it works to serve India’s rising demand for electric vehicles.
Pham Sanh Chau, CEO of Vingroup Asia and VinFast Asia, said the group sees strong long-term potential in Telangana. He said the new projects will focus on sustainability and innovation.
Vingroup plans a wide range of developments in Telangana. The company will build a 1,080-hectare smart city that will use clean energy and digital infrastructure. A 350-hectare theme park is also part of the proposal. In addition, Vingroup plans to construct a 500-megawatt solar power farm to support its green projects.
These initiatives align with India’s push for renewable energy and urban modernization. They also support Vingroup’s global expansion strategy, which centers on technology, clean energy, and electric mobility.
Vingroup reported a net profit of 7.565 trillion dong for the first nine months of 2025. This nearly doubled its earnings from the same period last year. However, the group’s rapid expansion has increased its debt. It reported $12.35 billion in debt as of September, with about half tied to bank loans and syndicated credit.
VinFast continues to face strong global competition and rising costs as it expands into new markets. Despite its challenges, the company is pushing ahead with EV growth plans, including its affiliate GSM’s large electric taxi fleet.
Telangana, home to nearly 38.5 million people, has emerged as a major technology and investment center in southern India. The state’s skilled workforce and pro-business policies have attracted global manufacturers and tech firms.
Vingroup’s planned ecosystem reflects the growing interest of international companies in India’s expanding electric vehicle sector. Global automakers are racing to capture early market share in the country’s booming EV landscape. The memorandum of understanding did not include a timeline for when the investments will be deployed. More details are expected after both sides complete feasibility studies and formal agreements.
