Vietnam Data Center Market - Investment Analysis & Growth Opportunities 2025-2030

MARKET OVERVIEW

The Vietnam data center market will witness investments of USD 1.75 billion by 2030, growing at a CAGR of 17.93% during the forecast period. Vietnam attracts global data center investors for the growth of digital infrastructure in the country and it offers great opportunities for investors. The rising demand for cloud services, increased digital content consumption, and the need for businesses to embrace digital transformation and support the Vietnam data center market growth. For instance, in August 2024, Google planned to construct a hyperscale data center in Vietnam, which is expected to be operational by 2027.

By 2030, Vietnam plans to set up two centers for renewable energy industries and services, focusing on electricity production, transmission, consumption, and the manufacturing of renewable energy equipment. The country aims to build a renewable energy ecosystem in key areas such as the Northern region, South Central Coast, and Southern region when the conditions are favorable.

The Vietnam data center market has several local and global data center operators such as CMC Telecom, Edge Centres, FPT Telecom, HTC Telecom International (ECODC), NTT DATA, ST Telemedia Global Data Centres, Viettel IDC, VNPT, and VNTT. Also, the country has several free trade zones, such as VSIP (Vietnam-Singapore Industrial Park), PHUOC DONG INDUSTRIAL PARK, Hiep Phuoc Industrial Park (HPIP), Dinh Vu – Cat Hai Economic Zone, Hoa Khanh Industrial Zone (HKIZ), which provide multiple benefits to investors, such Vietnam’s free trade zones allow foreign investors to fully own their companies.

KEY HIGHLIGHTS

1. In 2024, the Vietnam data center market witnessed some new entrants such as Epsilon Telecommunication (KT Corporation), Gaw Capital, and Infracrowd Capital, which will further increase competitiveness in the market in the future and lead to increasing revenue generation for contractors and infrastructure vendors.
2. The Vietnamese government aims to achieve net-zero carbon emissions by 2050. It also plans to increase the share of renewable energy in the country's energy mix to around 39% by 2030 as part of its sustainability goals. Data center operators are also aiming for sustainability. For instance, in April 2024, Viettel announced that it had launched its green AI-ready data center with a power capacity of around 30MW.
3. The development of AI-ready data centers in the Vietnam data center industry is growing steadily. In April 2024, Viettel announced the launch of its green AI-ready data center in Vietnam with a power capacity of around 30MW.
4. With the rising adoption of HPC technologies, the market is also expected to witness the adoption of liquid cooling solutions in the coming future.
5. In November 2024, the Vietnam government announced that it had approved a new Law on Personal Data Protection. It will officially come into effect in the second half of 2025.
6. In July 2024, the Vietnamese government introduced a law under which foreign investors can now fully own data centers in the country.

WHY SHOULD YOU BUY THIS RESEARCH?

1. Market size available in the investment, area, power capacity, and Vietnam colocation market revenue.
2. An assessment of the data center investment in Vietnam by colocation, hyperscale, and enterprise operators.
3. Data center investments in the area (square feet) and power capacity (MW) across cities in the country.
4. A detailed study of the existing Vietnam data center market landscape, an in-depth industry analysis, and insightful predictions about the Vietnam data center market size during the forecast period.
5. Snapshot of existing and upcoming third-party data center facilities in Vietnam
6. Facilities Covered (Existing): 26
7. Facilities Identified (Upcoming): 11
8. Coverage: 4+ Cities
9. Existing vs. Upcoming (Data Center Area)
10. Existing vs. Upcoming (IT Load Capacity)
11. Data center colocation market in Vietnam
12. Colocation Market Revenue & Forecast (2021-2030)
13. Retail vs Wholesale Colocation Market Revenue & Forecast (2021-2030)
14. Retail & Wholesale Colocation Pricing
15. The Vietnam data center landscape market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
16. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the market.
17. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market.
18. A transparent research methodology and the analysis of the demand and supply aspects of the market.

VENDOR LANDSCAPE

1. The Vietnam data center market has several local and foreign data center operators who are either operating or investing in new data center projects as of 2024. The Vietnam data center industry has also shown growing opportunities for operators which has attracted new entrants such as Gaw Capital, KT Corporation, and Infracrowd Capital which will increase competitiveness in revenue generation in future periods.
2. Several contractors are operating in the Vietnam data center market including Apave, Delta Group, GreenViet, Aurecon, and Sato Kogyo who have been serving several data center projects in the country. For instance, USDC Technology offered its services for the development of edge data center EC51 in Ho Chi Minh City.
3. The Vietnam data center industry has the presence of several global support infrastructure providers in the country which makes accessibility to advanced solutions in the market easier. Some of the vendors in the market include ABB, Caterpillar, Cummins, Eaton, and others.

EXISTING VS. UPCOMING DATA CENTERS

1. Existing Facilities in the Region (Area and Power Capacity)
2. Hanoi
3. Ho Chi Minh City
4. Other Cities
5. List of Upcoming Facilities in the Region (Area and Power Capacity)
6. Hanoi
7. Ho Chi Minh City
8. Other Cities

REPORT COVERAGE:

This report analyses the Vietnam data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

1. IT Infrastructure
2. Servers
3. Storage Systems
4. Network Infrastructure
5. Electrical Infrastructure
6. UPS Systems
7. Generators
8. Transfer Switches & Switchgears
9. PDUs
10. Other Electrical Infrastructure
11. Mechanical Infrastructure
12. Cooling Systems
13. Rack Cabinets
14. Other Mechanical Infrastructure
15. Cooling Systems
16. CRAC & CRAH Units
17. Chiller Units
18. Cooling Towers, Condensers & Dry Coolers
19. Other Cooling Units
20. General Construction
21. Core & Shell Development
22. Installation & Commissioning Services
23. Engineering & Building Design
24. Fire Detection & Suppression Systems
25. Physical Security
26. Data Center Infrastructure Management (DCIM)
27. Tier Standard
28. Tier I & Tier II
29. Tier III
30. Tier IV

VENDOR LANDSCAPE

1. IT Infrastructure Providers: Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies, Hitachi Vantara, IBM, Internet Initiative Japan (IIJ), Juniper Networks, Lenovo, NetApp, NEC, Oracle.
2. Data Center Construction Contractors & Sub-Contractors: Aurecon, Archetype Group, AWP Architects, Apave, Delta Group, GreenViet, Sato Kogyo, USDC Technology.
3. Support Infrastructure Providers: ABB, Caterpillar, Cummins, Cyber Power Systems, Delta Electronics, Eaton, Johnson Controls, Fuji Electric, Hitec Power Protection, Rehlko, Legrand, Mitsubishi Electric, Piller Power Systems, Narada, Rittal, Schneider Electric, STULZ, Siemens, TECO Electric & Machinery, Trane, Vertiv.
4. Data Center Investors: CMC Telecom, Edge Centres, FPT Telecom, Hanoi Telecom (ECODC), NTT DATA, ST Telemedia Global Data Centres, Viettel IDC, VNPT, VNTT.
5. New Entrants: Epsilon Telecommunications (KT Corporation), Gaw Capital, Infracrowd Capital.

TARGET AUDIENCE

1. Real Estate Investment Trusts
2. Construction Contractors
3. Infrastructure Providers
4. New Entrants
5. Consultants/Consultancies/Advisory Firms
6. Corporate and Government Agencies