The Vietnam data center market is projected to reach $1.435 billion by 2029, surging from $685 million in 2023, with a compounded annual growth rate (CAGR) of 13.12% during 2023-2029, according to the latest report by ResearchAndMarkets.com on March 15.
Vietnam is setting its sights on becoming a high-income economy by 2045, with a pronounced emphasis on advancing its digital infrastructure. The integration of digital transformation has not only streamlined operations for businesses but has also enhanced transparency across various sectors. The National Plan underscores the importance of digitally transforming key sectors such as finance, healthcare, education, agriculture, and manufacturing.
Riding on the wave of digitalization, big data utilization and the Internet of Things (IoT) are experiencing a surge across diverse industries in Vietnam. The government’s recent introduction of the National Strategy on Artificial Intelligence aims to position Vietnam as a hub for innovation by 2030. Companies like VietinBank are actively fortifying their data infrastructure by integrating data warehousing, Business Intelligence (BI), and Master Data Management (MDM) to bolster their capabilities.
As Vietnam enters the initial phase of 5G development, plans are underway to roll out 5G services in industrial parks, schools, research institutes, and government agencies. The government aims to achieve 100% connectivity to the 5G network by 2030, leveraging the country’s 50 million internet users and propelling it into the next stage of digital transformation.
Vietnam is swiftly emerging as a key player in the ASEAN region’s cloud computing and data center services market. With over ten providers, including both local and international companies, regions like Binh Duong Province and Da Nang are witnessing substantial investments in data center infrastructure. In Ho Chi Minh City, upcoming investments are slated to cover more than 75% of the area, reflecting the rapid expansion of the data center market.
Key Players in Vietnam’s Data Center Ecosystem
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.
Data Center Construction Contractors & Sub-Contractors: Aurecon, Archetype Group, AWP Architects, Apave, Delta Group, GreenViet, Sato Kogyo, and more, including Universal Smart Data Center Technology (USDC Technology).
Support Infrastructure Providers: ABB, Caterpillar, Cummins, Schneider Electric, Vertiv, and others.
Data Center Investors: The report features prominent investors including CMC Telecommunication Infrastructure Corporation (CMC Telecom), FPT Telecom, HTC Telecom International, NTT Global Data Centers, VNTT, Telehouse, Viettel IDC, VNPT, VNG Cloud, along with new entrants like Gaw Capital, Edge Centres, Infracrowd Capital, and Worldwide DC Solutions..
New Entrants: Gaw Capital, Edge Centres, Infracrowd Capital, and Worldwide DC Solutions.
Existing vs. Upcoming Data Centers: The report covers existing facilities in Hanoi, Ho Chi Minh City, and other cities, along with upcoming facilities in Ho Chi Minh City and other regions, detailing area and power capacity.
Conclusion
As Vietnam accelerates its digital transformation journey, the data center market emerges as a pivotal driver of economic growth and technological advancement. With robust investment opportunities and a conducive regulatory environment, the market is poised for significant expansion in the coming years.
Media Contact
Universal Smart Data Center Technology
Phone: (+84) 28 73080708
Email: info@usdc.vn
