Chennai, Tamil Nadu, India | 4th February 2026: Vingroup has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to establish a framework for cooperation in identifying and developing strategic investment opportunities across the State. The agreement represents the next phase of Vingroup’s expansion strategy in India, with Tamil Nadu emerging as a key focus market for the Vietnamese conglomerate’s long-term, multi-sector growth plans.
Under the MoU, Vingroup and the Government of Tamil Nadu, through Guidance — the State’s investment promotion agency — will jointly study potential collaborations in priority sectors such as large-scale tourism and entertainment projects, premium hospitality infrastructure, and electric mobility solutions. These initiatives align with Tamil Nadu’s development priorities of sustainability, green transportation and inclusive economic growth.
Tourism and Entertainment Development
In the tourism and entertainment segment, Vingroup will evaluate the feasibility of developing an international-standard theme park, zoo and safari complex under its VinWonders brand. The proposed project will feature a semi-wildlife zoo model designed to strengthen Tamil Nadu’s tourism appeal, attract both domestic and international visitors, and generate significant direct and indirect employment opportunities for local communities.
Premium Hospitality Investments
In the hospitality sector, the Group will explore investment opportunities for a five-star resort under the Vinpearl brand. This project aims to support the expansion of high-end tourism infrastructure in the State and cater to the rising demand from premium leisure and business travelers.
Electric Mobility and Green Transport
In line with Tamil Nadu’s green mobility goals, both parties will also assess the deployment of electric mobility solutions. These include a large-scale electric taxi model using Made-in-India electric vehicles operated by GSM, the electric taxi company founded by Vingroup Chairman Mr. Pham Nhat Vuong.
State Support and Infrastructure Facilitation
The Government of Tamil Nadu may assist Vingroup by identifying suitable project locations, facilitating planning and project structuring, streamlining licensing and regulatory procedures, and considering incentives as per prevailing policies. The State will also coordinate with relevant agencies to prepare connectivity and supporting infrastructure required for future implementation.
Vingroup Reaffirms Long-Term Commitment to India
Commenting on the partnership, Mr. Pham Sanh Chau, Chief Executive Officer of Vingroup Asia, said the MoU reinforces Vingroup’s consistent and long-term investment approach in India and highlights Tamil Nadu’s strategic importance in the Group’s market expansion plans. He expressed appreciation to the Honorable Chief Minister of Tamil Nadu and to State agencies including Guidance and SIPCOT for their continued support and collaboration.
He added that Vingroup aims to work with forward-looking regions focused on sustainable development by leveraging its experience in executing large-scale projects in tourism, service infrastructure and electric mobility, thereby delivering tangible socio-economic benefits to local communities.
Global Expansion Strategy
Vingroup is Vietnam’s largest private multi-sector conglomerate, operating across six core pillars: Industrials and Technology, Real Estate and Services, Infrastructure, Green Energy, Culture, and Social Enterprises. Guided by its vision of “creating a better life for people,” the Group is accelerating its global expansion, with India identified as one of its priority international markets.
Earlier, Vingroup signed a similar MoU with the Government of Telangana to explore multi-sector investment opportunities. At the same time, VinFast, the Group’s electric vehicle manufacturing arm, is strengthening its footprint in India by developing a comprehensive EV ecosystem.
These partnerships underscore Vingroup’s structured and long-term investment strategy while contributing to stronger Vietnam–India economic cooperation and paving the way for large-scale projects in tourism, hospitality and green mobility in the coming years.
