Dramatic New Growth In Data Center Business

Vietnam's existing data centers were created by several Vietnamese telecom companies--VNPT, Viettel IDC, FPT Telecom and CMC Telecom. But this monopoly is being challenged. International enterprises have joined the market and are building their own data centers. Some notable foreign invested projects are Gaw Capital's 20MW data center; Worldwide DC Solution's 30MW project, and a joint venture between NTT Global Data Centers and DQTek operating a data center located in the Saigon High-Tech Park. Other international corporations, eg, Alibaba, Hyosung, etc., have plans to build data centers.

A report presented at the Data Center & Cloud Infrastructure Summit in 2024 predicts that the value of data centers in Vietnam by 2030 will be US$ 1.27 billion with a compound annual growth rate of 10.8%.