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Vietnam Data Center

Market

Rapid expansion driven by regulatory reform, foreign investment, and digital transformation—positioning Vietnam as a key Southeast Asian hub for hyperscale and enterprise colocation.

November 2025
GA Capital Research
Vietnam Data Centers

Need to Know

01

100% foreign ownership now allowed

July 2024 Telecommunications Law permits full foreign ownership of data centers—unlocking major international investment. ST Telemedia, NTT, and hyperscalers actively expanding.

02

Data localization mandate

Personal Data Protection Law (effective January 2026) requires domestic storage for Vietnamese user data. Forces cloud providers and digital platforms to establish local infrastructure.

03

Hyperscale pipeline: 300+ MW

Viettel 140 MW, SAM 150 MW, STT GDC 60 MW expansion, plus G42-Microsoft consortium $2B facility. HCMC anchors majority; Hanoi emerging as northern hub.

Executive Summary

01

Market projected at $2.2B in 2025, growing to $2.6B by 2029

Statista forecasts ~3.7% annual growth driven by regulatory reforms (100% foreign ownership), data localization requirements, and National Digital Transformation Program. Foreign investors actively deploying capital.

02

41 active data centers operated by 12 major investors

Per Vietnam MOST: Viettel IDC, VNPT, FPT Telecom, CMC Telecom dominate (~70% market share). International players: ST Telemedia GDC, NTT, Gaw Capital, Infracrowd. Cloudscene lists 17 colocation providers; broader ecosystem ~50 service providers.

03

Submarine cable capacity expanding: 10 cables planned by 2030

SJC2 (144 Tbps), ADC (140 Tbps), AAE-1, APG, AAG operational. INDIGO cable (300+ Tbps) targeting 2026 completion. Terrestrial fiber connecting Vietnam-Laos-Thailand-Singapore under development.

04

Hyperscale projects total $3B+ in announced investments

Viettel 140 MW Tan Phu Trung facility ($1B+); G42-Microsoft consortium $2B HCMC campus; Saigon Asset Management 150 MW ($1.5B); CMC Telecom 120 MW expansion ($250M). Majority targeting completion 2026-2030.

05

Investment thesis: regulatory tailwinds + enterprise cloud adoption

Foreign ownership deregulation, data localization driving structural demand. Vietnamese enterprises migrating to hybrid/public cloud; e-commerce, fintech, gaming require low-latency local presence. HCMC and Hanoi land premiums 20-30% YoY; power reliability improving but N+1 diesel backup essential.

Our House Views

GA Capital — House View
  • Regulatory unlock is real. July 2024 Telecom Law allowing 100% foreign ownership removes the key barrier that kept international operators on the sidelines. Expect accelerated foreign capital deployment 2025-2027.
  • Data localization creates captive demand. Personal Data Protection Law (effective Jan 2026) mandates domestic storage for Vietnamese user data. Cloud providers (Google, AWS, Azure, Alibaba) must establish or expand local POPs—structural tailwind for colocation operators.
  • Domestic telcos hold ~70% market share but lack hyperscale expertise. Viettel, VNPT, FPT, CMC dominate enterprise/SME colocation. Foreign entrants (STT GDC, NTT, potential Equinix) target hyperscale segment—different value proposition, limited direct competition in near term.
  • Power reliability remains #1 operational risk. Grid SAIDI ~180 min/year in urban areas; better than regional peers but insufficient for Tier III+ requirements. All facilities require N+1 generator backup; solar + battery hybrid emerging to hedge diesel costs.
  • HCMC vs Hanoi: different positioning. HCMC anchors 60% of capacity—hyperscale gateway, submarine cable landing, proximity to Singapore connectivity. Hanoi serves northern enterprises and cross-border (China) lanes. Da Nang emerging as disaster recovery / Central hub but subscale for now.
  • Pricing compression risk as supply ramps. Announced hyperscale pipeline (Viettel 140 MW, SAM 150 MW, CMC 120 MW) could double national capacity by 2030. If absorption lags, wholesale rates will compress. Retail colocation (enterprise segment) more insulated but watch for oversupply in HCMC Tier III space.
  • 2026-2027 is the entry window. Major projects under construction; land and construction costs rising 20-30% YoY in prime logistics zones. Investors targeting stabilized assets should focus on near-term acquisitions of operating facilities with investment-grade tenants before valuation resets higher.
Market Analysis

Market Overview

Vietnam emerges as a key Southeast Asian data center hub

Vietnam's data center market is experiencing rapid expansion driven by both regulatory reforms and technological advancement. The July 2024 Telecommunications Law, permitting 100% foreign ownership of data centers, marks a watershed moment for international investment. Combined with the Personal Data Protection Law (effective January 2026) requiring domestic data storage, Vietnam now offers both structural demand drivers and investment accessibility unprecedented in the region.

Vietnam's Ministry of Science & Technology (MOST) reports 41 active data centers with a total power capacity of 221 MW, operated by 12 major investors. However, the broader ecosystem includes approximately 17 commercial colocation providers (per Cloudscene) and up to 50 service providers (including MSPs and resellers) according to Savills data.

Market structure remains highly concentrated: Viettel, VNPT, FPT Telecom, and CMC Telecom collectively hold approximately 70% market share by facility count and an even higher share by revenue in certain enterprise segments. These state-backed or legacy telcos dominate government, SOE, and traditional enterprise customers. Foreign entrants—led by ST Telemedia GDC, NTT Communications, Gaw Capital, and Infracrowd Capital—are targeting the hyperscale and premium enterprise segments, bringing international capital, operational expertise, and carrier-neutral interconnection capabilities.

Forecast

Market Size & Growth Trajectory

$2.2B
2025 Market Size (Statista)
$2.6B
2029 Projected (3.7% CAGR)
161 MW
Live IT Capacity (2025)
741 MW
Total Capacity Incl. Pipeline

Key Market Metrics

MetricValueNotes
Total IT Capacity (Live)166 MWSum of operational data center IT capacity across Vietnam
Total IT Capacity (Incl. Pipeline)236 MWIncluding under construction and announced facilities
Market CAGR (2023-2028)18.5 %Vietnam data center market growth forecast
Market Size 2024850 USD MillionTotal addressable market for data center services
Projected Market Size 20281,800 USD MillionArizton Research
Colocation Market Share65 %Percentage of capacity operated as third-party colocation
Enterprise DC Market Share35 %Percentage of capacity in private/enterprise facilities
Policy Framework

Regulatory Environment

Key drivers unlocking foreign investment and domestic demand

Decree 53/2022-ND-CP (Data Localization)

(2022)
Authority: Government of Vietnam
Impact: High - Drives domestic data center demand

Requires certain categories of data to be stored within Vietnam; foreign companies must maintain local servers for Vietnamese user data

Cybersecurity Law (Law 24/2018/QH14)

(2018)
Authority: National Assembly
Impact: High - Compliance requirements

Mandates cybersecurity measures for critical infrastructure and digital platforms; data center operators must comply with security standards

Decree 85/2016/ND-CP (Data Protection)

(2016)
Authority: Government of Vietnam
Impact: Medium - Data protection framework

Establishes requirements for personal data protection and cross-border data transfer restrictions

Prime Minister Decision 749/QD-TTg (Data Center Development)

(2019)
Authority: Prime Minister's Office
Impact: High - Infrastructure development incentives

Approves national program to develop data center infrastructure; provides framework for investment incentives

Circular 22/2020/TT-BTTTT (Network Security)

(2020)
Authority: Ministry of Information and Communications
Impact: Medium - Operational standards

Sets technical standards for network security and information system management

Key Takeaway: The combination of Decree 53/2022 (data localization), July 2024 Telecom Law (100% foreign ownership), and Prime Minister Decision 749 (infrastructure incentives) creates a structural demand tailwind while removing foreign investment barriers. This regulatory convergence is unprecedented in Vietnam's digital infrastructure history.

Market Dynamics

Demand Drivers

What's pulling data center capacity in Vietnam

High Impact

Enterprise Cloud Migration

Cloud Adoption

Vietnamese enterprises migrating on-premise workloads to hybrid and public cloud; driving demand for colocation and interconnection

High Impact

Hyperscaler Regional Expansion

Cloud Adoption

AWS, Google Cloud, Azure, Alibaba Cloud establishing local presence; wholesale capacity absorption

High Impact

E-commerce Growth

Digital Economy

Shopee, Lazada, Tiki, TikTok Shop require local data center infrastructure for latency-sensitive applications

High Impact

Fintech & Digital Banking

Digital Economy

Banking digitization and fintech expansion driving secure, compliant colocation demand

Medium Impact

Gaming & Streaming

Digital Economy

Online gaming, live streaming platforms (Facebook Gaming, YouTube Gaming) require local edge capacity

High Impact

Data Localization (Decree 53/2022)

Regulation

Government mandate requiring certain data types to be stored within Vietnam borders

Medium Impact

Cybersecurity Law Implementation

Regulation

Heightened compliance requirements for data security and privacy

High Impact

Submarine Cable Capacity

Infrastructure

New cable systems (SJC2, ADC, INDIGO) dramatically increase international bandwidth availability

Medium Impact

5G Rollout

Infrastructure

5G network deployment requires edge data center capacity for low-latency applications

High Impact

Foreign Capital Inflows

Investment

International data center operators (STT GDC, NTT, potential Equinix entry) bringing capital and expertise

Physical Infrastructure

Submarine Cables & Power Infrastructure

International connectivity and grid reliability fundamentals

Submarine Cable Infrastructure

Asia-America Gateway (AAG)
Live
Landing: Vung Tau
RFS: 2009
Capacity: 54 Tbps
Connects Southeast Asia to US West Coast via Guam and Hawaii
Asia Pacific Gateway (APG)
Live
Landing: Vung Tau
RFS: 2016
Capacity: 54 Tbps
Regional cable connecting to Singapore, Hong Kong, Japan, Korea
Asia-Africa-Europe 1 (AAE-1)
Live
Landing: Vung Tau
RFS: 2017
Capacity: 40 Tbps
Connects Vietnam to Europe via South Asia and Middle East
Southeast Asia-Japan Cable 2 (SJC2)
Live
Landing: Vung Tau, Da Nang
RFS: 2023
Capacity: 144 Tbps
High-capacity cable to Japan, Singapore, Hong Kong, Philippines
Asia Direct Cable (ADC)
Live
Landing: Vung Tau
RFS: 2022
Capacity: 140 Tbps
Direct route to Hong Kong and mainland China
INDIGO Cable System
Under Construction
Landing: Da Nang (planned)
RFS: 2026
Capacity: 300+ Tbps
Subsea cable connecting Singapore, Australia via Vietnam
Strategic Importance: Vietnam's position between Singapore and Hong Kong/China makes it a natural landing point for trans-Pacific and intra-Asia cables. SJC2 and ADC provide 280+ Tbps combined; INDIGO (2026) adds 300+ Tbps. This bandwidth growth enables hyperscale cloud deployments and reduces latency to regional hubs.

Power Infrastructure & Economics

ItemValue
Grid Reliability (SAIDI)180 minutes/year
Industrial Electricity Rate (Medium Voltage)0.08 USD/kWh
Typical PUE (Older Facilities)1.8-2.0
Typical PUE (Modern Facilities)1.4-1.6
Target PUE (Best-in-Class)1.3-1.4
Diesel Backup Requirement4-8 hours

Grid Reliability Context: SAIDI of 180 minutes/year (urban) is workable for Tier III but requires robust backup. All facilities deploy N+1 diesel generators with 4-8 hours runtime. Forward-thinking operators exploring solar + battery hybrid to hedge diesel price volatility.

PUE Trends: Legacy facilities (pre-2018) typically 1.8-2.0 due to DX cooling and limited containment. Modern builds (2020+) achieve 1.4-1.6 with chilled water + economizers. Best-in-class hyperscale designs targeting 1.3-1.4 with indirect evaporative cooling and liquid cooling readiness for GPU-optimized racks.

Geography

Regional Distribution

HCMC dominates; Hanoi emerging as northern hub

South (HCMC & Surrounding)

Facilities:29
Total Capacity:660 MW
Live Capacity:120 MW
Market Share:89%

Submarine cable landing point; proximity to Singapore; hyperscale gateway. STT GDC 60 MW campus anchor.

North (Hanoi & Surrounding)

Facilities:8
Total Capacity:72 MW
Live Capacity:32 MW
Market Share:10%

Government ministries, SOEs, northern enterprise base. Cross-border connectivity to China. STT GDC 30 MW facility planned.

Central (Da Nang)

Facilities:4
Total Capacity:9 MW
Live Capacity:9 MW
Market Share:1%

Disaster recovery hub; tertiary market. INDIGO cable (2026) may elevate Central Vietnam as regional DR location.

Geographic Positioning: Ho Chi Minh City anchors ~60% of national capacity due to submarine cable landing stations (AAG, APG, AAE-1, SJC2, ADC), proximity to Singapore financial/cloud ecosystem, and concentration of enterprises. Hanoi serves government, northern industrial clusters, and cross-border China trade. Da Nang remains subscale but positioned as disaster recovery site; INDIGO cable may catalyze growth.
Market Structure

Competitive Landscape

12 major investors; domestic telcos hold ~70% share

Market Concentration

Per Vietnam MOST, 12 data center investors operate the nation's 41 active facilities (221 MW total power capacity). However, market structure is highly concentrated: Viettel IDC, VNPT, FPT Telecom, CMC Telecom collectively hold approximately 70% of market share by facility count and dominate government, SOE, and traditional enterprise segments. One source (Voice of Vietnam) suggests the top four domestic telcos command ~97% share on certain metrics, underscoring incumbent dominance.

Broader ecosystem includes ~17 commercial colocation providers (Cloudscene) and up to 50 service providers (including MSPs, resellers). Foreign entrants targeting hyperscale/premium enterprise segments bring differentiated capabilities: carrier-neutral interconnection, regional network reach, institutional capital backing.

MOST List of 12 Data Center Investors (2025)

Viettel IDC
VNPT
FPT Telecom
CMC Telecom
NTT DATA
ST Telemedia Global Data Centres
Edge Centres
Hanoi Telecom
VNTT
Epsilon Telecommunications
Gaw Capital
Infracrowd Capital
Note: Arizton's 2025 portfolio covers 22 operators/investors (including Google, Saigon Asset Management, USDC Technology) when including announced and upcoming projects. Cloudscene shows 17 colocation providers; broader service provider ecosystem ~50 companies.
Operator Profiles

Major Operators

Viettel IDC

Domestic TelcoLeader
40 MW
3 facilities
Strengths
  • ✓Government backing
  • ✓National telco network
  • ✓Security clearances
  • ✓Land access
Strategy

Dominant in government and SOE segments; expanding to enterprise cloud services

VNPT

Domestic TelcoLeader
26 MW
3 facilities
Strengths
  • ✓Legacy telco relationships
  • ✓National backbone
  • ✓Government contracts
Strategy

Focus on government, telco, and large enterprise customers

FPT Telecom

Domestic TelcoStrong
21 MW
3 facilities
Strengths
  • ✓Private sector focus
  • ✓Strong enterprise sales
  • ✓System integration capabilities
Strategy

Target private enterprises, fintech, and foreign multinationals

STT GDC

Foreign ColoEmerging
60 MW
2 facilities
Strengths
  • ✓Hyperscale-ready design
  • ✓Regional interconnection
  • ✓Institutional capital backing
Strategy

Build out 60 MW HCMC campus; attract hyperscalers and large enterprises

CMC Telecom

Domestic TelcoStrong
19 MW
3 facilities
Strengths
  • ✓Financial services focus
  • ✓Healthcare specialization
  • ✓Compliance expertise
Strategy

Vertical specialization in regulated industries (banking, insurance, healthcare)

NTT Communications

Foreign ColoNiche
14 MW
2 facilities
Strengths
  • ✓Japanese enterprise relationships
  • ✓Global network
  • ✓Quality reputation
Strategy

Serve Japanese enterprises operating in Vietnam; premium positioning

Commercial Terms

Pricing Benchmarks

Retail colocation and wholesale rates (2024-2025)

ProductMetroPriceNotes
Retail Colocation Rack (5kW)Ho Chi Minh City350 USD/monthTypical rate for retail colocation, includes power up to 5kW
Retail Colocation Rack (5kW)Hanoi320 USD/monthSlightly lower than HCMC due to competition
Retail Colocation Rack (10kW)Ho Chi Minh City600 USD/monthHigh-density rack with 10kW power
Wholesale Colocation (Per kW)Ho Chi Minh City120 USD/kW/monthLarge enterprise or cloud provider deal (500kW+ commitment)
Wholesale Colocation (Per kW)Hanoi110 USD/kW/monthWholesale pricing for Hanoi market
Hyperscale Wholesale (Per MW)Ho Chi Minh City80,000 USD/MW/monthMulti-MW commitment (5MW+); long-term contract
Pricing Dynamics: Retail colocation (5-10 kW racks) commands $320-600/month depending on metro and power density. Wholesale colocation (500kW+ commitments) ranges $110-120/kW/month. Hyperscale wholesale (multi-MW) negotiates ~$80,000/MW/month on long-term contracts. Expect 10-15% downward pressure if announced hyperscale pipeline (300+ MW) absorbs slower than projected.
Transactions

Recent Deals & Investments (2021-2025)

$3B+ in announced hyperscale projects

Vietnam DC Campus Phase 2
2024-Q3Development
ST Telemedia Global Data Centres
35 MW

Phase 2 construction of 60 MW HCMC campus; targeting hyperscale tenants

Vietnam Market Entry (announced)
2024-Q2Development
Equinix

Announced plans for Vietnam entry via interconnection hub model; site selection ongoing

Edge DC Network Vietnam
2023-Q4Development
DigitalEdge (ST Telemedia subsidiary)

Announced edge data center network across Vietnam for 5G and IoT applications

Da Nang Facility Expansion
2023-Q2Development
Viettel IDC
5 MW

Expansion of existing Da Nang facility to support Central Vietnam growth

Vietnam DC Campus Phase 1
2022-Q4Development
ST Telemedia Global Data Centres
$200M
25 MW

Launched 25 MW facility in HCMC as first phase of planned 60 MW campus

Da Nang Data Center
2022-Q3Development
FPT Telecom
3 MW

New disaster recovery facility in Central Vietnam

Saigon DC2
2021-Q4Development
CMC Telecom
8 MW

Second facility in HCMC focused on financial services sector

Major Hyperscale Pipeline (Not Yet in Deals List)
  • • Viettel Tan Phu Trung: 140 MW facility (10,000 racks); started April 2025; completion 2030; est. $1B+ capex
  • • G42-Microsoft Consortium: $2B HCMC data center campus; partners include FPT, VinaCapital, Viet Thai Investment
  • • Saigon Asset Management: 150 MW facility; $1.5B investment announced March 2025
  • • CMC Telecom: $250M hyperscale DC in HCMC; 30 MW Phase 1, expandable to 120 MW
  • • Vietnam Ministry of Public Security: National Data Center 2 (2026-2028), National Data Center 3 (2028-2030)
Asset Register

Facility Inventory

17 documented data centers across Vietnam

41
Total Facilities
30
Live / Operational
3
Under Construction
8
Planned / Announced

Top 10 Facilities by IT Capacity

#Facility NameOperatorCityIT CapacityStatus
1SGI-HCM CampusAccelerated Infrastructure Capital (AIC)Ho Chi Minh City200 MWAnnounced
2Viettel Tan Phu Trung DCViettel IDCHo Chi Minh City140 MWUnder Construction
3STT GDC DC2 (Expansion)ST Telemedia Global Data CentresHo Chi Minh City60 MWUnder Construction
4Epsilon Global Hubs VietnamEpsilon Telecommunications (KT Corporation)Ho Chi Minh City40 MWUnder Construction
5Gaw Capital Vietnam DCGaw CapitalHo Chi Minh City30 MWAnnounced
6STT GDC Hanoi (Planned)ST Telemedia Global Data CentresHanoi30 MWAnnounced
7Infracrowd Capital Vietnam DCInfracrowd CapitalHo Chi Minh City25 MWAnnounced
8Saigontel Nam Tan TapSaigontelTan Tap, Long An20 MWAnnounced
9STT GDC DC1ST Telemedia Global Data CentresHo Chi Minh City18 MWLive
10FPT Fornix HCM02FPT TelecomHo Chi Minh City18 MWLive

Facility Vintage Distribution

before20150 facilities
2015-20191 facilities
2020-20241 facilities
2025+3 facilities
Unknown36 facilities

Major Locations

Ho Chi Minh City20 facilities
Hanoi15 facilities
Da Nang4 facilities
Risk Assessment

Risk Factors

Key operational and market risks to monitor

Grid Reliability
Infrastructure
Medium Severity

Mitigation: N+1 generator backup standard; exploring solar + battery hybrid systems

Submarine Cable Resilience
Infrastructure
Medium Severity

Mitigation: Multiple cable systems now operational (SJC2, ADC, AAE-1, APG, AAG); redundancy improved significantly since 2023

Data Localization Uncertainty
Regulatory
Medium Severity

Mitigation: Monitor regulatory developments; maintain flexible architecture for hybrid deployments

Foreign Ownership Restrictions
Regulatory
High Severity

Mitigation: Telecom services subject to 49% foreign ownership cap; data centers not explicitly classified but face scrutiny

Price Competition from Oversupply
Market
Medium Severity

Mitigation: Focus on high-quality Tier III facilities; target enterprise and hyperscale segments with long-term contracts

Slow Enterprise Cloud Adoption
Market
Low Severity

Mitigation: Government digital transformation initiatives accelerating cloud migration; gradual but consistent growth

Climate Resilience (Flooding, Typhoons)
Environmental
Medium Severity

Mitigation: Site selection in non-flood zones; elevated critical infrastructure; typhoon-resistant design for coastal facilities

Sustainability & Carbon Commitments
Environmental
Medium Severity

Mitigation: Solar PV integration; PPA negotiations with renewable energy suppliers; PUE optimization

Commercial Opportunities

Best Prospects for U.S. Exporters

Strong opportunities for U.S. suppliers of infrastructure equipment and software

Per U.S. International Trade Administration, Vietnam's rapidly expanding data center market creates strong commercial opportunities for U.S. suppliers of infrastructure equipment, software, and related services. Regulatory reforms allowing 100% foreign ownership, combined with domestic data storage requirements, make Vietnam one of the most attractive emerging markets in Asia for U.S. firms.

Infrastructure Equipment

  • ▸Servers, storage, and rack equipment: High-density compute and storage for hyperscale deployments; GPU-optimized racks
  • ▸Enclosures & cabling solutions: Rack enclosures, modular data center systems, structured cabling infrastructure
  • ▸Networking and remote management equipment: Switching, routing, interconnect equipment, console servers, remote management systems
  • ▸Industrial and power systems: Backup generators, UPS systems, cooling pumps, HVAC equipment, fluid control systems, energy monitoring

Software & Services

  • ▸Data center infrastructure management (DCIM): Asset tracking, capacity planning, environmental monitoring, energy optimization
  • ▸Observability and infrastructure monitoring: Real-time performance monitoring, alerting, log aggregation, APM solutions
  • ▸Automation, migration, and hybrid cloud management: Orchestration platforms, cloud migration tools, multi-cloud management
  • ▸Storage and cloud data management: Enterprise storage software, backup and disaster recovery, data protection solutions

Market Entry Strategy

  1. 1. Find the right local partners: Work with data center contractors such as Aurecon, Apave, Delta Group, and GreenViet who understand local requirements and have established relationships with facility operators.
  2. 2. Conduct sufficient due diligence: Vet prospective partners thoroughly; understand payment terms, import/customs procedures, and local support capabilities.
  3. 3. Connect with U.S. Commercial Service: Schedule counseling sessions with your local U.S. Export Assistance Center to learn how U.S. Commercial Service can facilitate exports and provide market intelligence.
For More Information:
Contact Triet Huynh, Senior Commercial Specialist
U.S. Commercial Service Ho Chi Minh City
Email: Triet.Huynh@trade.gov
Source: U.S. International Trade Administration
Bibliography

Sources & References

Primary Sources

Vietnam Data Center Market - Industry Outlook & Forecast 2024-2028
Arizton Advisory & Intelligence (2024)
STT GDC Opens First Data Center in Vietnam
ST Telemedia Global Data Centres (2022-Q4)
https://www.sttgdc.com
Decree 53/2022/ND-CP on Protection of Personal Data
Government of Vietnam (2022-08-15)
Law on Cybersecurity No. 24/2018/QH14
National Assembly of Vietnam (2018-06-12)
Southeast Asia-Japan Cable 2 Ready for Service
NEC Corporation (2023-Q2)
Asia Direct Cable System Operational
Asia Direct Cable Consortium (2022-Q4)
NTT Communications Expands Vietnam Data Center Footprint
NTT Communications (2019-Q2)
https://www.ntt.com
CMC Telecom Launches Second Saigon Data Center
CMC Telecom (2021-Q4)
Vietnam Energy Outlook 2024
EVN (Vietnam Electricity) (2024)
Google Cloud Expands Network with Vietnam Edge Location
Google Cloud (2023-Q1)
Alibaba Cloud Launches Vietnam Availability Zone
Alibaba Cloud (2023-Q3)
Vietnam Submarine Cable Infrastructure Overview
TeleGeography (2024)
https://www.submarinecablemap.com
Vietnam Digital Economy Report 2024
Ministry of Information and Communications (2024)
National 5G Deployment Strategy
Ministry of Information and Communications (2023)
INDIGO Subsea Cable System Announced
SubPartners & AARNet (2024-Q1)

Additional Industry References

  • • Structure Research - Asia Pacific Data Center Market Intelligence (Subscription)
  • • JLL Data Center Outlook - Vietnam (2024)
  • • CBRE Global Data Center Trends Report (2024)
  • • Knight Frank Data Center Research - Southeast Asia (2024)
  • • Cushman & Wakefield - Vietnam Data Center Market Overview
  • • IFC (International Finance Corporation) - Vietnam Digital Infrastructure Assessment
  • • World Bank - Vietnam Digital Development Report
  • • GSMA - Mobile Economy Asia Pacific 2024
  • • Cloudscene - Vietnam Data Center Directory
  • • PeeringDB - Vietnam Internet Exchange Points

Disclaimer: This report is prepared by GA Capital Research for informational purposes only. Data is compiled from public sources and industry databases. Market metrics, facility specifications, and investment details are subject to change. Readers should conduct independent due diligence and consult with qualified advisors before making investment decisions.

© 2025 GA Capital. All rights reserved. Report compiled November 2025.