Vietnam Seeks Billions in Data Center Investments Amid Growing AI Demand
Vietnam aims to attract significant data center investments driven by rising demand for AI and digital services. Current capacity in Hanoi and Ho Chi Minh City is around 60 MW, much lower than regional peers. Domestic operators like VNPT, Viettel IDC, and FPT Telecom lead the market. Notable projects include a 140 MW facility by Viettel IDC and a nearly $2 billion project planned by Kinh Bac City Development. JLL forecasts growth contingent on power supply improvements and connectivity enhancements.
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Vietnam is targeting substantial investment in data centers due to increasing demand from AI and digital services, despite its current capacity of about 60 megawatts in Hanoi and Ho Chi Minh City. Major domestic players include VNPT, Viettel IDC, and FPT Telecom.
Key projects in development include a 140 MW facility by Viettel IDC and a nearly $2 billion project by Kinh Bac City Development with a 200 MW capacity. JLL indicates that regional trends will influence Vietnam's growth, contingent on enhancements in power supply, land availability, and connectivity. The country has allowed full foreign ownership in data center and cloud services, aiming for clusters to emerge around Ho Chi Minh City and Hanoi.
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