Vietnam Riding Wave of Data Centre Investments

Vietnam Net Global | 21st February 2025

Vietnamese tech companies are expanding their data centres' capacity while international giants are also entering the market, with planned investments worth billions of USD.

The surge in AI demand is significantly impacting plans on data centre investment and expansion in Vietnam as global tech giants and local players are racing to capture the market.

In the past year, tech behemonths like Microsoft, Meta, Alphabet and Amazon injected more than 200 billion USD into data centres and AI-related tool development, with a substantial portion flowing into Asia, where land is affordable, electricity is cheap, and demand for AI is soaring.

However, most Asian data centres have not been equipped to host AI servers, presenting a significant opportunity for upgrading existing facilities and building new AI-capable data centres with better capacity across Asia.

In Vietnam, local tech companies, including VNPT, Viettel, CMC, FPT and VNG, are expanding their data centres' capacity. CMC is planning to invest 500 million USD in such centres and other facilities in Vietnam, Japan, and elsewhere by 2028. Meanwhile, Viettel is preparing to carry out 11 large-scale data centres with a total designed capacity of over 350 MW, or 40% of the country’s total. It will partner with NVIDIA to develop AI data centre infrastructure featuring nearly 800 supercomputers and 6,000 GPU cards.

CEO of the Viettel Internet Data Centre (IDC) Hoang Van Ngoc estimated that to serve the market of 100 million people in Vietnam with sufficient future technological services like AI, generative AI, and AI cloud computing, the size of domestic data centres must increase 15-fold.

AIBP Insights