Vietnam’s data center market is experiencing unprecedented growth, driven by digital transformation, government policies, and increasing investments from both domestic and international players. According to the newly released “Vietnam Data Center Market – Investment Analysis & Growth Opportunities 2025-2030” report, the market is projected to soar from USD 654 million in 2024 to an astounding USD 1.75 trillion by 2030, growing at a CAGR of 17.93%.
Key Market Drivers and Trends
1. Rising Competition and Market Expansion
2024 witnessed the entry of new players such as Epsilon Telecommunications (KT Corporation), Gaw Capital, and Infracrowd Capital, intensifying market competition. This expansion is expected to boost revenue generation for contractors, infrastructure vendors, and colocation service providers. The influx of new entrants signifies Vietnam’s increasing attractiveness as a data center hub in Southeast Asia.
2. Vietnam’s Commitment to Sustainability
Vietnam’s government has pledged to achieve net-zero carbon emissions by 2050 and aims to have renewable energy make up 39% of the country’s energy mix by 2030. The data center industry is aligning with these sustainability goals, with a growing focus on energy-efficient infrastructure and renewable energy adoption.
A notable example is Viettel’s green AI-ready data center, launched in April 2024 with a power capacity of 30MW. This facility highlights the increasing demand for environmentally friendly solutions, pushing operators to innovate with energy-efficient cooling systems, sustainable power sources, and carbon-neutral strategies.
3. Growth of AI-Ready Data Centers and Liquid Cooling Solutions
As AI adoption accelerates, the need for high-performance computing (HPC) infrastructure is growing. AI applications require extensive computational power, leading to an increasing demand for AI-ready data centers. Liquid cooling solutions, which provide efficient thermal management for high-density computing environments, are expected to gain traction in the coming years.
Vietnam’s data centers are gradually shifting towards AI-ready designs, integrating liquid cooling technology to handle AI workloads efficiently. This trend is attracting global investors looking for future-proof infrastructure capable of supporting AI-driven enterprises.
4. Evolving Regulatory Landscape Favoring Foreign Investments
Vietnam is making strategic policy shifts to attract foreign investments. In July 2024, the government introduced a law allowing foreign investors full ownership of data centers, opening doors for increased capital influx. This move is expected to drive large-scale investments from international hyperscale data center providers and colocation operators.
Additionally, the approval of the Law on Personal Data Protection in November 2024, effective in the latter half of 2025, will shape how data centers manage security and compliance. Investors should take note of these regulatory developments, as they will influence long-term operational strategies and data governance frameworks.
Investment Opportunities and Market Landscape
The report highlights substantial investment opportunities across IT infrastructure, power, cooling, and general construction services. The colocation market is expected to thrive, with both retail and wholesale colocation services experiencing significant demand growth. Investors looking to enter the market should consider Vietnam’s evolving infrastructure landscape, increasing reliance on cloud services, and growing enterprise digitalization initiatives.
Existing vs. Upcoming Data Centers
- Key Cities: Hanoi, Ho Chi Minh City, and other emerging hubs
- Current Facilities: 26 operational data centers
- Planned Facilities: 11 upcoming data centers
- Investment Areas: IT infrastructure, power capacity expansion, green technology integration, and regulatory compliance
Vietnam’s growing demand for cloud computing, fintech services, and AI-driven applications further strengthens the case for increased data center investments. Operators are racing to expand their capacities to meet surging digital demands, making Vietnam one of the most attractive data center markets in Southeast Asia.
Who’s Leading the Market?
The vendor landscape is highly dynamic, featuring key IT infrastructure providers such as Cisco, Dell Technologies, and Huawei, alongside data center investors like CMC Telecom, Viettel IDC, and VNPT. Construction contractors and sub-contractors play a critical role in this ecosystem, ensuring world-class infrastructure development.
The market is also seeing significant contributions from colocation service providers, managed service companies, and cloud operators, all of whom are capitalizing on Vietnam’s digital transformation wave.
USDC Technology – A Leading Force in Data Center Construction
As one of the prominent data center construction contractors and sub-contractors in Vietnam, USDC Technology is at the forefront of building next-generation data centers. With expertise in engineering, infrastructure deployment, and sustainability-driven solutions, USDC Technology continues to shape Vietnam’s data center industry, ensuring reliability, efficiency, and innovation in every project. The company’s strategic involvement in high-impact projects reinforces its position as a trusted partner for investors seeking to develop robust, scalable, and future-ready data center infrastructure in Vietnam.
With rapid technological advancements, a favorable investment climate, and increasing digital adoption, Vietnam’s data center market is set to become a key digital infrastructure hub in Southeast Asia. Investors and industry experts looking for long-term growth opportunities should closely monitor and engage with this dynamic and rapidly evolving sector.
Universal Smart Data Center Technology
For media inquiries or further information, please reach out to us at:
Phone: (+84) 28 73080708
Email: info@usdc.vn
