Vietnam Data Center Market Size, Share & Forecast to 2035

The Vietnam Data Center Market is valued at USD 1.02 billion in 2026 and is projected to reach USD 5.14 billion by 2035, up from USD 621.68 million in 2025, a CAGR of 23.51% from 2025 to 2035 (DC Market Insights estimate). The market covers spending on data center capacity in Vietnam: the information technology (IT) infrastructure installed in data halls (servers, storage and network equipment), electrical infrastructure, mechanical infrastructure such as cooling, and general construction for colocation, cloud, telecom, enterprise and government facilities. The 2025 value is built from capacity: about 25 MW of IT load completed in 2025 and 45 MW completing in 2026, at USD 7.05 million of facility cost per MW in conventional halls and USD 9.60 million per MW in AI halls, gives USD 264.38 million of electrical, mechanical and construction spend; IT fit-out of the new halls adds USD 110.20 million and IT refresh on an installed base of about 159 MW at the start of the year adds USD 247.10 million. Large data centers are the fastest-growing segment at 29.74% a year because campuses of 50 MW to 200 MW are moving from announcement to licence and construction, and Central Vietnam is the fastest-growing region at 29.06% a year as AI-ready projects start at Da Nang Hi-Tech Park.

Key Market Statistics: How Big Is the Vietnam Data Center Market in 2026?

DC Market Insights estimates the Vietnam Data Center Market at USD 1.02 billion in 2026, 64.6% above the USD 621.68 million of 2025, as the first hyperscale and AI phases at Tan Phu Trung and Hoa Lac are fitted out.

• Market size 2025: USD 621.68 million
• Market size 2026: USD 1.02 billion
• Market size 2030: USD 3.04 billion
• Market size 2035: USD 5.14 billion
• CAGR 2025-2035: 23.51% (low case 19.00%, high case 25.97%)
• Largest segment: IT infrastructure, 57.5% of 2025 value (USD 357.30 million)
• Fastest-growing segment: large data centers of 20 MW or more, 29.74% a year
• Leading region: Southern Vietnam, 55.8% of 2025 value (USD 346.90 million)
• Fastest-growing region: Central Vietnam, 29.06% a year
• Largest cluster: Ho Chi Minh City, about 50% of operational capacity
• Market leader: Viettel Group, 87 MW of power capacity and 11,500 racks in its portfolio

Executive Summary: What Is the Vietnam Data Center Market Worth?

The Vietnam Data Center Market size was valued at USD 231.57 million in 2020, reached USD 621.68 million in 2025, and is anticipated to reach USD 5.14 billion by 2035, at a CAGR of 23.51% during the forecast period.

Report attribute	Details
Historical Period	2020-2024
Base Year	2025
Forecast Period	2026-2035
Vietnam Data Center Market Size 2025	USD 621.68 Million
Vietnam Data Center Market Size 2026	USD 1.02 Billion
Vietnam Data Center Market, CAGR	23.51%
Vietnam Data Center Market Size 2035	USD 5.14 Billion

The Vietnam Data Center Market grew at 21.84% a year between 2020 and 2025, and 2025 added 46.5% over 2024 as FPT Corporation (FPT) opened its Fornix HCM02 facility, the Ministry of Public Security opened National Data Center No. 1 and Viettel started its 140 MW Tan Phu Trung campus. Growth peaks in 2026 and 2027, at 64.6% and 59.6%, as the first hyperscale and AI phases are fitted out, then settles near 10% a year by 2035.

Vietnam’s commercial data center base is still small. Le Ba Tan of Viettel IDC, the Internet Data Center (IDC) unit of Viettel Group, said, in comments reported in August 2026, that installed capacity of roughly 104 MW is seen rising five- to six-fold to nearly 600 MW by 2030, and the Ministry of Science and Technology reported 42 data centres with about 372.75 MW of designed capacity in May 2026, according to Viet Nam News. DC Market Insights counts a wider base of IT load that also includes government, bank and telecom data halls, about 184 MW at the end of 2025, and forecasts 1,115 MW of completions between 2026 and 2035, taking the installed base to about 1,299 MW.

Market Scope: What Does the Vietnam Data Center Market Cover?

The Vietnam Data Center Market covers USD 621.68 million of 2025 capital spending across four components. DC Market Insights counts the annual spend on building, equipping and refreshing data centers located in Vietnam, valued in current US dollars, with 2025 as the base year and forecasts to 2035.

Included. IT infrastructure installed in data halls (servers, storage and network equipment, including graphics processing unit (GPU) systems, bought for new halls or as refresh), electrical infrastructure (switchgear, transformers, uninterruptible power supply (UPS) systems, batteries, generators and power distribution), mechanical infrastructure (chillers, air handlers, liquid cooling and piping) and general construction (shell, fit-out, fire protection and physical security). Commercial colocation, cloud, telecom, bank, enterprise and government facilities are all counted, including modular and prefabricated units.

Excluded. Land, utility-side grid and renewable generation assets, submarine cables and landing stations, software licences, colocation and cloud service revenues, electricity and operating costs.

How the segments fit together. The component, data center size, tier, end-user and build-type splits each re-cut the same USD 621.68 million total, and the regional split allocates it across Southern, Northern and Central Vietnam.

Why Do Vietnam Data Center Market Estimates Differ?

Public estimates for the Vietnam Data Center Market differ because each counts a different scope; DC Market Insights values the market at USD 1.02 billion in 2026 by counting only capital spending on building, equipping and refreshing data centers in Vietnam.

Broader definitions add colocation and cloud service revenues, which treat colocation as the largest category, and some add data center operating costs or digital transformation and cloud consulting. Those totals mix recurring service income with construction and equipment spend, so they cannot be added to this model without double counting. Narrower definitions count only electrical infrastructure, such as uninterruptible power supply (UPS) systems, automatic transfer switches and switchgear, or only cooling. In this model the electrical infrastructure layer is worth USD 118.44 million in 2025, and installation and commissioning labour, fire detection and suppression and physical security are counted inside the component values rather than as separate segments. Data sovereignty requirements present in Decree 53/2022 and the Law on Data raise demand for in-country halls, which this model captures through capacity, not through a separate compliance segment.

Element	In this report	Why
IT infrastructure in data halls	Yes, USD 357.30 million (2025)	Servers, storage and network bought for new halls or refresh
Electrical infrastructure (UPS, switchgear, transfer switches, generators)	Yes, USD 118.44 million (2025)	Capital equipment installed in the facility
Mechanical infrastructure (cooling)	Yes, USD 77.22 million (2025)	Capital equipment installed in the facility
General construction, fire suppression, installation and commissioning	Yes, USD 68.72 million (2025)	Build and fit-out work
Colocation and cloud service revenue	No	Recurring service income, covered in a separate colocation report
Land, grid connections and power purchase	No	Not data center equipment or construction spend

Buyers inside the scope include hyperscale and colocation operators, telecom groups such as the Vietnam Posts and Telecommunications Group (VNPT), banks, government agencies and small and medium-sized enterprises (SMEs) that build server rooms below 5 MW; small data centers account for USD 152.31 million of 2025 spend. Market-level colocation revenue is covered in the Vietnam Data Center Colocation Market report.

Market Drivers: What Drives the Vietnam Data Center Market?

Campuses of 30 MW to 200 MW drive the Vietnam Data Center Market. Each is worth USD 250 million to about USD 2 billion, and demand is supported by a digital economy that the government wants at 30% of gross domestic product (GDP) by 2030 and by the end of the 49% foreign ownership cap.

Campuses of 52 MW to 200 MW Move Toward Construction in Ho Chi Minh City

Viettel broke ground on its 15th and largest data centre at Tan Phu Trung on April 23, 2025, with up to 140 MW and about 10,000 racks on 4 ha, and plans 24 data centers with 560 MW in total by 2030, according to W.Media. Kinh Bac City Development (KBC), Accelerated Infrastructure Capital (AIC) and VietinBank signed a memorandum of understanding (MoU) in October 2025 for an AI campus of up to 200 MW of IT load on about 10 ha at Tan Phu Trung for nearly USD 2 billion, able to operate around 100,000 GPUs. Evolution Data Centre VN HCMC plans 52 MW of IT load for more than USD 508 million, according to Viet Nam News, and Sembcorp’s Starmason venture plans an initial 60 MW, expandable to 90 MW, for USD 480.26 million. DC Market Insights does not assume the whole pipeline is built: the model completes 440 MW nationwide between 2026 and 2030.

A Digital Economy Worth 18.3% of GDP Raises Demand for Local Capacity

Vietnam’s digital economy contributed an estimated 18.3% of GDP in 2024, VnEconomy reported, and the e-Conomy SEA 2024 report, as published by the Ministry of Science and Technology, projected USD 36 billion in 2024 with 16% annual growth. Resolution No. 57 targets a digital economy of at least 30% of GDP by 2030, and the national information and communications infrastructure plan, approved by the Prime Minister’s Decision 36 in January 2024, targets at least three national multi-purpose data centres and 70% of Vietnamese businesses using services from domestic cloud providers. Cloud providers are the largest end-user group in the DC Market Insights model, with 27.4% of 2025 spending.

Foreign Ownership Opens and Brings Billion-Dollar Partners

Vietnam has removed the 49% foreign ownership cap on data centers, and the Law on Telecommunications No. 24/2023/QH15 made data center and cloud services subject to a registration and notification procedure. Foreign capital followed: G42, FPT and Viet Thai signed a framework agreement for three data centre sites, backed by consumption commitments of up to USD 1 billion, and Samsung Construction and Trading (C&T) signed a memorandum with CMC Corporation (CMC) for a hyperscale project whose total investment rises to about USD 1 billion. Large data centers hold 38.4% of 2025 value and 62.8% in 2035 in the DC Market Insights model.

Market Trends: How Are Data Centers in Vietnam Changing?

AI halls rise from 8% of new capacity in 2025 to 45% in 2035, by DC Market Insights estimates. AI-related spending rises from 13.9% of the Vietnam Data Center Market to 52.4%, while rack densities climb and capacity shifts to Ho Chi Minh City.

AI Factories Arrive with Thousands of GPUs per Site

The first phase of the AIC campus at Tan Phu Trung is a 50 MW AI factory equivalent to about 28,000 GPUs (Viet Nam News), and FPT’s AI Factory is built to use thousands of NVIDIA Corporation (NVIDIA) H200 and H100 GPUs. NVIDIA and the Vietnamese government signed a deal on December 5, 2024 to set up an AI research and development center and an AI data center. Create Capital Vietnam and Haimaker.ai plan a 100 MW network of AI data centers for about USD 1 billion. DC Market Insights prices AI hall IT fit-out at USD 16.00 million per MW in 2025, against USD 3.40 million in a conventional hall.

Rack Densities Rise to 60 kW and Liquid Cooling Enters Hanoi

Viettel’s Tan Phu Trung data centre is designed to Uptime Tier III with an average 10 kW per rack, 2.5 times the national average, and some racks up to 60 kW. G-Group’s G-Campus at Hoa Lac will provide 20 MW of IT capacity in its first phase using liquid cooling, rising to 30 MW. Mechanical infrastructure, the cooling layer, holds 12.4% of 2025 value in the DC Market Insights model.

Ho Chi Minh City Takes the Hyperscale Pipeline

Cushman & Wakefield reported that Ho Chi Minh City had 33 MW of operational IT capacity across 14 facilities run by nine providers in the first half of 2026, with a pipeline of 68 MW and colocation vacancy of 34.8%. Several billion-dollar campuses announced since 2025 sit in Tan Phu Trung, Saigon Hi-Tech Park or the Vietnam Singapore Industrial Park (VSIP), so Southern Vietnam rises from 55.8% of the market in 2025 to 63.4% in 2035 in the DC Market Insights model.

Market Challenges: What Holds the Vietnam Data Center Market Back?

A wait of 2 to 3 years for new 100 MW power connections is the main constraint on the Vietnam Data Center Market. Rising tariffs and slow conversion of announcements into builds add to it, in the DC Market Insights view.

Power Connections Take 2 to 3 Years

Cushman & Wakefield reported an approximate 2- to 3-year wait for new 100 MW power connections in Vietnam’s key clusters. The World Bank estimated the economic cost of the May-June 2023 power outages in northern Vietnam at about USD 1.4 billion, 0.3% of GDP. The revised Power Development Plan 8 (PDP8), approved by Decision No. 768 on April 15, 2025, targets 183,291 MW to 236,363 MW of installed capacity by 2030. Data centres use about 0.5% of Vietnam’s electricity, according to the Institute of Energy, which warned in September 2026 that Vietnam could face electricity shortages as early as 2027 without new generation investment (Viet Nam News).

Electricity Tariffs Rise 4.8% in May 2025

Vietnam Electricity (EVN) raised the average retail tariff by 4.8% to VND 2,204.0655 per kWh, excluding value added tax, from May 10, 2025, according to the EVN notice. Higher running costs push operators towards direct power purchase agreements, which DC Market Insights treats as a cost offset rather than a demand driver.

Announced Projects Are Larger Than the Build Rate

Announced projects exceed what the grid and tenants can absorb. VNG Corporation (VNG) agreed to buy back STT GDC’s 65% stake in VTH Software Development for VND 480 billion (USD 18.3 million), as STT GDC backed out of the planned 60 MW STT VNG Ho Chi Minh City 2 facility, saying the site did not meet its investment and commercial requirements. The Ministry of Science and Technology targets 870 MW of capacity by 2030; DC Market Insights reaches 624 MW of installed IT load by 2030 and treats project delays as the main downside risk in its low scenario.

Market Opportunities: Where Are the New Revenue Pools in the Vietnam Data Center Market?

Large data centers, growing 29.74% a year, are the largest new revenue pool in the Vietnam Data Center Market. AI campus construction in Southern Vietnam follows, with USD 156.45 million of electrical, mechanical and construction spend in 2025.

Data Center Construction in Southern Vietnam Leads New Spend

Southern Vietnam accounts for USD 346.90 million of 2025 spending, of which electrical, mechanical and construction work makes up USD 156.45 million in the DC Market Insights matrix. Saigon Asset Management (SAM) launched a USD 1.5 billion, 150 MW data center on 50 ha at VSIP, and a proposed AI complex in Tay Ninh plans up to 200 MW, with a first phase of 100 MW at around USD 3.5 billion. Electrical infrastructure is the largest facility layer, with 19.1% of 2025 value.

Central Vietnam Grows 29.06% a Year from a Small Base

Da Nang approved a land lease for an AI-ready data center of about USD 200 million, with 1,000 racks and a minimum power load of 10 MW, and the first phase of Create Capital Vietnam’s AI network is planned at Da Nang Hi-Tech Park. Central Vietnam reaches 4.5% of the market by 2035 in the DC Market Insights model.

Domestic Cloud Demand Favors Local Operators

Decision 36 targets 70% of Vietnamese businesses using domestic cloud services, and Amazon Web Services has launched a Local Zone in Hanoi. Cloud providers lift their share of the market from 27.4% in 2025 to 41.6% in 2035, by DC Market Insights estimates.

Green, Cooling, Construction and Modular Data Centers in Vietnam: What Are They Worth?

The facility layer of electrical, mechanical and general construction work adds up to USD 264.38 million in 2025 (USD 118.44 million + USD 77.22 million + USD 68.72 million), 42.5% of all Vietnamese data center spending, by DC Market Insights estimates. Cooling and other mechanical systems are the USD 77.22 million part of it, and modular and prefabricated builds account for USD 42.27 million, 6.8% of total spending.

Green data centers. Viettel’s 30 MW Hoa Lac data center, opened in April 2024, commits to renewable energy for 30% of its electricity, according to Vietcetera. Decree 243/2026, which amends the direct power purchase agreement (DPPA) rules, adds data center operators to the large power consumers allowed to buy renewable power directly, and the physical DPPA threshold falls from 200,000 kWh to 20,000 kWh a month from July 20, 2026.

Cooling. Mechanical infrastructure grows 19.25% a year, and its share of facility spend rises in AI halls because liquid cooling adds pipework and coolant distribution.

Construction. General construction holds 11.1% of 2025 value and grows 17.87% a year.

Modular. Modular and prefabricated data centers grow 26.88% a year to 8.9% of the market in 2035, as enterprise and edge sites add capacity in blocks.

Pricing: How Much Does a Data Center Cost per MW in Vietnam?

A conventional data center hall in Vietnam costs about USD 7.05 million per MW in 2025. An AI hall costs about USD 9.60 million of electrical, mechanical and construction work per MW of IT load. These are DC Market Insights estimates, excluding land and IT equipment, and sit close to the USD 6,935,600 per MW average construction cost for a mid-specification data centre reported by Cushman & Wakefield in February 2025.

Spend per MW (USD million)	2025	2030	2035
Facility, conventional hall	7.05	7.98	9.02
Facility, AI hall	9.60	10.09	10.60
IT fit-out, conventional hall	3.40	3.75	4.14
IT fit-out, AI hall	16.00	14.46	13.07
IT refresh per installed MW a year, conventional	1.55	1.67	1.80
AI share of new capacity	8%	40%	45%

Announced project budgets give a cross-check: Viettel’s An Khanh data center implies about USD 11.09 million per MW (VND 17.5 trillion, or USD 665.6 million, for 60 MW), SAM’s VSIP project USD 10.00 million per MW (USD 1.5 billion for 150 MW), Evolution’s Ho Chi Minh City site about USD 9.77 million per MW (USD 508 million for 52 MW), CMC’s first phase about USD 8.33 million per MW (USD 250 million for 30 MW) and Starmason about USD 8.00 million per MW (USD 480.26 million for 60 MW), all DC Market Insights calculations from announced figures, which can include land and IT. The Tay Ninh AI proposal implies USD 35.00 million per MW, a level only reached when GPU systems are counted.

Standards and Regulation: Which Rules Shape Data Centers in Vietnam?

Five sets of rules shape data centers in Vietnam, and Tier III facilities that follow them hold 70.2% of 2025 value. They cover telecom registration, data localization, data protection, investment incentives and Uptime Institute tier certification.

Telecom law and registration. The Law on Telecommunications No. 24/2023/QH15 took effect on July 1, 2024 and treats data center and cloud services as services subject to registration and notification. Decree 163/2024 took effect on December 24, 2024, and its data center, cloud and over-the-top (OTT) provisions apply from January 1, 2025.

Data localization and protection. Decree 53/2022 requires specified user data, once localized, to be stored for at least 24 months. The Law on Data No. 60/2025/QH15 became effective in July 2025, and the Personal Data Protection Law No. 91/2025/QH15 took effect on January 1, 2026, according to the Future of Privacy Forum.

Investment incentives. The Law on Digital Technology Industry, effective January 1, 2026, channels state investment into AI research and data center infrastructure with tax and financial incentives, and investment in AI data centers is classified as a specially incentivized industry.

Tier certification. CMC’s Tan Thuan data center was the first in Vietnam to hold both Uptime Institute Tier III design (TCDD) and constructed facility (TCCF) certifications, and Viettel’s Tan Phu Trung campus is designed to Uptime Tier III. Tier III facilities hold 70.2% of 2025 value in the DC Market Insights model.

Market Segmentation: Which Segment Leads the Vietnam Data Center Market?

IT infrastructure leads the Vietnam Data Center Market with 57.5% of 2025 value. Large data centers lead sizes with 38.4%, and Tier III leads tiers with 70.2%. Large data centers are the fastest-growing segment at 29.74% a year, against 19.38% for medium sites, because hyperscale and AI campuses are planned at 50 MW to 200 MW each.

By Component: IT Infrastructure Leads with 57.5%

Component	2025 (USD million)	Share 2025	2035 (USD billion)	CAGR 2025-2035
IT Infrastructure	357.30	57.5%	3.69	26.29%
Electrical Infrastructure	118.44	19.1%	0.65	18.48%
Mechanical Infrastructure	77.22	12.4%	0.45	19.25%
General Construction	68.72	11.1%	0.36	17.87%

IT infrastructure grows fastest among components because AI halls carry about USD 16.00 million of GPU and network fit-out per MW, and refresh spending follows a base that grows seven-fold.

By Data Center Size: Large Facilities Lead with 38.4%

Data center size	2025 (USD million)	Share 2025	2035 (USD billion)	CAGR 2025-2035
Large	238.73	38.4%	3.23	29.74%
Medium	230.64	37.1%	1.36	19.38%
Small	152.31	24.5%	0.55	13.80%

Large sites of 20 MW or more reach 62.8% of the market in 2035, while small server rooms below 5 MW fall to 10.8% as enterprises move into colocation and cloud.

By Tier Standard: Tier III Leads with 70.2%

Tier III facilities are worth USD 436.42 million in 2025 and USD 4.04 billion by 2035 (24.92% a year). Tier IV, at USD 50.98 million (8.2%), grows 28.30% a year, while Tier I and II rooms, at USD 134.28 million (21.6%), grow 13.65% a year.

By End User: Cloud Providers Lead with 27.4%

End user	2025 (USD million)	Share 2025	2035 (USD billion)	CAGR 2025-2035
Cloud Providers	170.33	27.4%	2.14	28.78%
Telecom	154.18	24.8%	0.92	19.55%
Government	106.31	17.1%	0.69	20.54%
BFSI	101.33	16.3%	0.63	19.98%
Others	65.28	10.5%	0.58	24.42%
Healthcare	24.25	3.9%	0.18	22.52%

Government spending includes National Data Center No. 1 at Hoa Lac, which spans more than 20 ha with 1,300 server racks. Banking, financial services and insurance (BFSI) users spend USD 101.33 million in 2025.

By Build Type: Traditional Build Leads with 93.2%

Traditional builds account for USD 579.41 million in 2025 and USD 4.68 billion in 2035, growing 23.23% a year. Modular and prefabricated data centers, 6.8% of 2025 value, grow 26.88% a year from USD 42.27 million.

DC Exclusive: The Saigon vs Hanoi Build-Cost Matrix

At USD 190.45 million in 2025, IT infrastructure in Southern Vietnam is the single largest cell of the matrix and 30.6% of all Vietnamese data center spending.

2025, USD million	IT Infrastructure	Electrical Infrastructure	Mechanical Infrastructure	General Construction	Total
Southern Vietnam	190.45	70.02	46.60	39.83	346.90
Northern Vietnam	157.69	44.51	28.18	26.37	256.75
Central Vietnam	9.16	3.91	2.44	2.52	18.03
Total	357.30	118.44	77.22	68.72	621.68

Northern Vietnam spends 61.4% of its data center budget on IT infrastructure because its halls are older and refresh is the main spend. Southern Vietnam spends 45.1% on electrical, mechanical and construction work, and Central Vietnam 49.2%, because their new campuses are greenfield builds.

The matrix is a DC Market Insights model, not a project count. It is built from 67 inputs: 36 capacity cohort values (18 years of completions and AI shares), 6 cost and refresh curves, 1 starting installed base, 6 facility component weights, 12 regional component weights and 6 regional share endpoints. The method is explained on our research methodology page.

Regional Insights: Which Region Leads the Vietnam Data Center Market?

Southern Vietnam leads with 55.8% of 2025 value. Capacity follows a Ho Chi Minh City and Hanoi axis. In the Vietnam Data Center Market, Central Vietnam is the fastest-growing region at 29.06% a year because AI-ready projects start at Da Nang from a small base.

Southern Vietnam Leads with 55.8% Share

Southern Vietnam, centered on Ho Chi Minh City, Tan Phu Trung, Saigon Hi-Tech Park and VSIP, is worth USD 346.90 million in 2025 and USD 3.26 billion by 2035, a CAGR of 25.10%. Cushman & Wakefield reported in February 2025 that Ho Chi Minh City held 50% of Vietnam’s operational capacity.

Northern Vietnam Holds 41.3% Share

Northern Vietnam, covering Hanoi, Hoa Lac and the Red River Delta, is worth USD 256.75 million in 2025 and USD 1.65 billion by 2035, a CAGR of 20.44%, supported by Viettel’s 60 MW An Khanh data center, an investment of VND 17.5 trillion (USD 665.6 million), and National Data Center No. 1.

Central Vietnam Holds 2.9% Share

Central Vietnam is worth USD 18.03 million in 2025 and USD 231.13 million by 2035, a CAGR of 29.06%, reaching 4.5% of the market as the Da Nang AI-ready data center and Hi-Tech Park projects are built.

Forecast Scenarios: How Could the 2035 Forecast Change?

The Vietnam Data Center Market reaches USD 5.14 billion by 2035 in the base case. The low and high scenarios give a range of USD 3.54 billion to USD 6.26 billion.

Scenario	Assumption from 2026	2035 (USD billion)	CAGR 2025-2035
Low	Completions 30% below base; AI share of new capacity 20% lower	3.54	19.00%
Base	Completions rise to 145 MW a year by 2035; AI share reaches 45%	5.14	23.51%
High	Completions 20% above base; AI share 12% higher	6.26	25.97%

The low case reflects grid connection delays and cancelled joint ventures; the high case assumes the Tan Phu Trung, Saigon Hi-Tech Park and VSIP campuses keep their announced schedules.

Competitive Insights: Who Leads the Vietnam Data Center Market?

Four domestic operators hold about 80% of commercial capacity in the Vietnam Data Center Market, by DC Market Insights estimates, while foreign entrants bring campuses worth USD 480 million to USD 2 billion each.

• Viettel IDC
• Vietnam Posts and Telecommunications Group (VNPT)
• FPT Telecom
• CMC Telecom
• VNG
• STT GDC
• Samsung C&T
• LG CNS
• Kinh Bac City Development (KBC)
• Accelerated Infrastructure Capital (AIC)
• Evolution Data Centres
• HTC Telecom International
• Sembcorp
• G42
• Saigon Asset Management (SAM)
• G-Group
• Amazon Web Services
• NVIDIA

The market is led by VNPT, Viettel IDC, FPT Telecom and CMC Telecom. Viettel reported a portfolio of 87 MW of power capacity and 11,500 racks in April 2024, equal to about 48% of the 182 MW national total reported for March 2025 (DC Market Insights calculation from two sources with different dates). FPT’s four data centers have more than 7,000 racks, and the STT GDC and VNG facility in Tan Thuan offered 9.6 MW across 410 racks in 2024. Evolution Data Centres builds with HTC Telecom International as its local partner.

Recent Developments: What Has Changed in the Vietnam Data Center Market Since 2025?

Six events since August 2025 added more than USD 4 billion of announced data center investment in Vietnam and one warning on power supply.

• In August 2025, Samsung C&T and CMC signed a memorandum for a hyperscale data center with a USD 250 million, 30 MW first phase (Source: Data Center Dynamics).
• In October 2025, KBC, AIC and VietinBank signed an MoU for an AI data center campus of up to 200 MW at Tan Phu Trung for nearly USD 2 billion (Source: The Investor).
• In February 2026, G42, FPT and Viet Thai signed a framework agreement for three AI-ready data centre sites backed by up to USD 1 billion of consumption commitments (Source: W.Media).
• In August 2026, VNG agreed to buy back STT GDC’s 65% stake in its data center venture for VND 480 billion (Source: Data Center Dynamics).
• In September 2026, Ho Chi Minh City was reported to have leased nearly 4.5 ha at Saigon Hi-Tech Park to Sembcorp’s Starmason venture for a USD 480.26 million data center of 60 MW, expandable to 90 MW (Source: VnExpress International).
• In September 2026, the Institute of Energy said data centres use about 0.5% of Vietnam’s electricity and warned of possible shortages as early as 2027 (Source: Viet Nam News).

We follow these licences, launches and financings as they happen in our data center industry updates. Related reports: Vietnam AI Data Center Market and Vietnam Data Center Cooling Market.

Methodology: How We Built the Vietnam Data Center Market Model

DC Market Insights built the Vietnam Data Center Market from 18 annual completion cohorts. The cohorts run from 2019 to 2036, each split into conventional and AI halls, starting from an installed base of 100 MW of IT load at the end of 2019 and reaching about 184 MW at the end of 2025. Facility spend (USD 7.05 million per MW conventional, USD 9.60 million AI, in 2025) is recognized half in the year before completion and half in the completion year. IT spend adds fit-out of new halls (USD 3.40 million per MW conventional, USD 16.00 million per MW AI) and refresh of USD 1.55 million per MW a year on the conventional base and USD 2.90 million on the AI base. The total was split by 4 components, 3 data center sizes, 3 tier groups, 6 end-user groups, 2 build types and 3 regions, and every split sums to the market total. The result was checked top-down against the USD 5.7 million to USD 8.7 million per MW construction range reported by Cushman & Wakefield, against announced project budgets of USD 8.00 million to USD 11.09 million per MW, and against Viettel IDC’s view of nearly 600 MW of capacity by 2030 (the model’s installed base is 624 MW in 2030, including in-house halls).