Vingroup has signed a Memorandum of Understanding (MoU) with the Government of Telangana at the Telangana Rising Global Summit for a proposed $ 3 billion investment, to be implemented in phases for developing a multi-sector ecosystem in the state.  

Under the MoU, both parties will explore strategic opportunities across sectors including smart urban development, electric mobility solutions, healthcare, education, tourism, renewable energy and charging infrastructure across approximately 2,500 hectares in Telangana, as well as electric taxi services, with the objective of supporting the state’s socio-economic development and long-term growth vision.  

This MoU marks a significant step in Vingroup’s global expansion and reinforces its position as one of Vietnam’s leading multi-sector corporations. 

In electric mobility, Vingroup proposes to introduce India’s first large-scale electric taxi fleet and a mobility-as-a-service platform using VinFast vehicles through GSM in Telangana and may consider opportunities linked to future EV manufacturing initiatives. 

A Revanth Reddy, Hon’ble Chief Minister, Government of Telangana, stated, “The USD 3 billion investment by Vingroup is a massive vote of confidence in the ‘Telangana Rising’ vision, particularly our focus on sustainable urban development and green infrastructure. This is more than capital; it’s 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 guarantees accelerated execution to ensure this global vision becomes a local reality.”  

In urban development, Vingroup plans to develop the Vinhomes Smart City mega urban area for approximately 200,000 residents on a 1,080-hectare site. The project is expected to create around 10,000 jobs and will feature a mix of low-rise and high-rise developments, international-standard amenities, a limited built-up footprint and sustainable urban planning. 

In social infrastructure, the Group proposes essential facilities on approximately 70 hectares, including Vinschool’s integrated K-12 education system, Vinmec international-standard multi-specialty hospitals and the V-Green electric vehicle charging network. 

D Sridhar Babu, Hon'ble Industries Minister, Government of Telangana, said, "Vingroup's multi-sectoral commitment, spanning smart cities, solar power, and advanced social infrastructure like hospitals and schools, demonstrates the stability and breadth of Telangana’s industrial policy. We are committed to translating this significant capital inflow into local opportunity, positioning Telangana as the gateway for Vietnamese and South-East Asian investment into India's fastest-growing economy."  

In tourism and entertainment, Vingroup through VinWonders aims to develop an integrated complex comprising a theme park, zoo and safari across approximately 350 hectares, strengthening Telangana’s tourism infrastructure and generating large-scale employment. 

In renewable energy, Vingroup through VinEnergo proposes to invest in a 500 MW solar farm over approximately 500 hectares to supply green electricity for urban areas, industrial zones and the wider electrified mobility ecosystem. 

In addition, Vingroup proposes to participate in developing strategic connectivity infrastructure to enhance regional linkages and support urban spatial development. 

Sanjay Kumar, IAS, Special Chief Secretary to the Government, Government of Telangana said, “We welcome Vingroup’s presence in Telangana and recognize the achievements the Group has made in Vietnam, particularly in urban development, green infrastructure and electrified transportation. With the Group’s extensive expertise and capability to execute large-scale projects, we believe that this cooperation will mark an important step forward in shaping a modern and sustainable urban landscape and improving the quality of life for the people of Telangana.”  

The Government of Telangana commits to supporting land identification and allocation for each project, coordinating master planning and project structuring, assisting with administrative procedures and mobilising relevant agencies to prepare necessary connecting infrastructure. The government will also consider incentives under existing policies and work closely with Vingroup throughout the research and implementation phases to ensure progress and effectiveness. 

Pham Sanh Chau, CEO, Vingroup Asia and VinFast Asia, said, “Vingroup sees tremendous potential in Telangana, and we aspire to build a long-term partnership with the state government. With our proven track record in delivering mega urban developments, large-scale infrastructure and a comprehensive electric mobility ecosystem, we believe that our collaboration with Telangana will generate tangible value, promote sustainable development and enhance the quality of life for local residents.”  

The MoU establishes a foundation for large-scale investment projects that will contribute to Telangana’s economic growth while strengthening the global presence of Vietnamese enterprises. It also supports broader economic cooperation between Vietnam and India and opens future collaborative opportunities.