“Ho Chi Minh City currently has 14 data centers operated by nine companies with a combined IT capacity of 33 megawatts, according to Cushman & Wakefield’s Asia-Pacific Data Center Market Update for the first half of 2026.”
“The city also has an additional 68MW of planned IT capacity, including 14MW under construction and 54MW in the investment preparation stage, more than doubling its current capacity.”
“The development of Vietnam International Financial Center in Ho Chi Minh City is also expected to generate significant demand for highly secure, reliable, and high-performance data infrastructure to support financial institutions, cross-border transactions, and AI-powered financial applications.”
“During the first half of 2026, UAE-based AI company G42 signed a US$1 billion framework agreement with FPT Corporation and Viet Thai Group to develop three data centers in Vietnam. The company is also participating in a $2 billion hyperscale AI data center project in Ho Chi Minh City.”
“Meanwhile, StarMason, a joint venture between Singapore-based Sembcorp and BB Holdings, has received approval to invest in a 90MW data center project in Ho Chi Minh City.”
“The International Finance Corporation has also announced a plan to invest up to $3 billion in Vietnam, including digital infrastructure projects…”