The race to be a data center in Vietnam

Vietnam Times A developing digital economy like Vietnam produces large amounts of big data that needs to be stored. The data center race draws additional “players” to take part as demand increases.

On the globe of the world’s data centers, Research and Economies rank Vietnam as one of the top 10 rising markets.

Vietnam’s data center market is anticipated to reach $858 million in 2020 and expand at a compound yearly growth rate of about 14.64% through 2026.

The financial technology (fintech) industry, the expanding cloud computing industry, and the developing e-commerce market are thought to be the main drivers.

Additionally, the FDI investment surge creates a need for international firms’ data processing and storage needs. Data centers are becoming more and more in demand as a result of e-government and digital transformation initiatives. For many investors, the competition to establish a data center in Vietnam will become more alluring as demand increases.

According to VietTimes, Gaw Capital Partners completed the purchase of a land parcel in the High-Tech Park of Ho Chi Minh City in June 2022 to create a Level 3 Data Center (IDC), which is anticipated to be finished by 2024.

Before this, a joint venture between Quang Dung Technology Distribution JSC (QD.TEK – a member of GreenFeed Group) and NTT Global Data Centers Holding

Asia Private Limited Company (NTT GDC – a member of NTT Group) received permission to construct and run the Tier III+-compliant high-tech “HCMC1 Data Center” project with a total investment of 56 million USD and a floor area of 16,649m2.

To domestic and international businesses and organizations, the center will offer top-notch data center services, including cloud services, remote support management services, and colocation system rental. cloud (cloud),… and study into the use of robots and automation systems to boost data center productivity.

The CMC Data Center Tan Thuan project, located in the Tan Thuan Export Processing Zone in District 7 of Ho Chi Minh City, was inaugurated on August 15.

Tan Thuan Data Center, which cost 1,500 billion VND, has a total design capacity of 12,000kW, a scale of 1,200 racks, and can support up to 3 million vCPUs. Its useable floor area is 12,000 m2, and approximately 3,000 m2 of it is devoted to information technology equipment.

The race to become a data center can also include Viettel IDC. On July 26, 2022, this enterprise and HSBC Vietnam signed a long-term green credit financing agreement. In, HSBC will provide a loan of VND 400 billion to Viettel IDC to assist in the purchase of machinery and equipment for Hoa Lac Data Center.

Amazon Web Service (a member of Amazon) also plans to supplement its network of AWS Regions (data centers) in the Asia-Pacific region by building more Local Zones (local data centers). , including Vietnam.

In November 2021, Da Nang Information Technology Park Development JSC (a member of Trung Nam Group) and Infracrowd Capital (an investment fund from Singapore) signed an investment agreement worth USD 100 million to build a center first level 3 standard data center in Central.

It is known that the center will be located in Da Nang Information Technology Park (DITP), reaching Tier III standards with a capacity of 30-40MW when put into operation in 2024.