Analysis of the Size and Share of the Vietnam Data Center Market, Examining Growth Trends and Providing Forecasts Until 2029


In their recent publication on the Vietnam Data Center, Mordor Intelligence highlights a considerable level of consolidation in the market. The top five companies, namely FPT Telecom Joint Stock Company, QTSC Telecom Center, Viettel IDC, VNG Cloud, and VNPT, together command a substantial market share of 81.27%.

Analysis of Vietnam Data Center Market – The Vietnam Data Center Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 8.84%.

– IT Load Capacity: The data center market’s IT load capacity is expected to experience steady growth, reaching 242.4 MW by 2029.

– Raised Floor Space: The total raised floor area in the country is projected to expand to 0.87 million sq. ft by 2029.

– Installed Racks: The cumulative number of installed racks is anticipated to reach 43,875 units by 2029, with Ho Chi Minh City expected to host the highest number of racks in the coming years.

– DC Facilities: The predominant data center facilities in the region are categorized as tier 3, with a gradual shift towards tier 4 DC standards. This transition aims to enhance data center performance and minimize facility downtime.

– Leading Market Player: FPT Telecom Joint Stock Company stands as the foremost player in the Vietnamese market, projected to maintain its leadership. The company offers over 30,000 dedicated servers featuring popular brands such as Dell, HP, and IBM.

Vietnam Data Center Market Trends

– Dominance of Tier 3: Tier 3 emerges as the largest Tier Type in the market.

– Shift from Tier 1 & 2 to Tier 3: Increased demand for uninterrupted business services is leading to a decline in demand for Tier 1 & 2 facilities. Global companies are prioritizing tier 3 data centers for business continuity services.

– Growth in Tier 3: The Tier 3 in the Vietnam data center market achieved an IT load capacity of 119.56 MW in 2022. It is projected to experience a CAGR of 2.23%, reaching 139.56 MW by 2029. This growth is fueled by augmented investments in data center infrastructure and technological advancements, presenting lucrative growth opportunities in 2029.

– Rise of Online Entertainment: Online entertainment, including video and music streaming, as well as gaming, is gaining momentum among internet users in Vietnam. Tier 3 facilities are preferred for these services due to their minimum downtime and 24/7 support.

– Internet Usage Trends: In 2021, approximately 22% of individuals were estimated to use the internet for over 9 hours a day, engaging in activities such as studying, entertainment, and shopping, predominantly on smartphones. As of January 2023, Vietnam boasted 77.93 million internet users, marking an increase of 5.3 million (+7.3%) between 2022 and 2023.

– Nascent Market for Tier 4 Facilities: The Vietnam market is in its early stages concerning tier 4 facilities, given existing infrastructural inefficiencies. Consequently, there have been no notable developments for the highest tier-based facilities, according to our analysis.

Competitive Landscape – In-depth profiles of major companies shaping the Vietnam Data Center Market

1. CMC Telecom
2. DTS Communication
3. FPT Telecom Joint Stock Company
4. GDS (JV of NTT and VNPT)
6. QTSC Telecom Center
7. Telehouse (KDDI Corporation)
8. Universal Smart Data Center technology (USDC Technology)
9. Viettel IDC
10. VNG Cloud
11. VNPT
12. VNTT

Media Contact
Universal Smart Data Center Technology
Phone: (+84) 28 73080708


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