CMC Corporation received approval for a USD 250 million hyperscale data centre in Saigon Hi-Tech Park, featuring 30 MW initial capacity (expandable to 120 MW)

• Ho Chi Minh City’s data centre market is booming across 27 facilities with clusters in Saigon Hi-Tech Park and Tan Thuan Export Processing Zone. Major operators include NTT, STT VNG, Viettel IDC, and CMC Telecom.
• Viettel is building a hyperscale facility for 2026, while Gaw Capital develops in Saigon Hi-Tech Park. Joint ventures like STT VNG operate one centre with a second under development in Tan Thuan.

Viettel began construction on 140 MW facility in Tan Phu Trung Industrial Park, targeting sub-1.4 PUE and initial start by 2026

• A USD 2 billion consortium proposal and CMC’s AI-focused facility with NVIDIA GH200 units demonstrate hyperscale demand. Vietnam’s digital economy drives enterprise needs, with telecoms dominating while colocation services emerge.
• Colocation services are developing while AI applications create demand for specialised computing environments.

G42, FPT Corporation, VinaCapital, and Viet Thai Investment Group consortium proposed a USD 2 billion hyperscale data centre investment for Ho Chi Minh City

• The Telecommunications Law 2023 removed foreign ownership caps, fostering growth.
• The market shows potential for growth, fostered by lower construction costs, strategic location, and increasing foreign investment despite ongoing power infrastructure challenges.

Outlook

• For Users
  • Increasing supply with options for hyperscalers for Availability zones.
  • Availability of green power suitable for hyperscale clients.
  • Availability of cost competitive colocation options to be available.
• For Providers
  • Strong hyperscale and local enterprise demand potential.
  • Government green incentives to help overcome power issue.
  • Expansion plans to be driven by supportive policies.