The Vietnam Data Center Market Size, Share, Trends, & Investments By IT Infrastructure, By Electrical Infrastructure, By Mechanical Infrastructure, By Cooling Systems, By General Construction, & By Tier Standard.

Vietnam Data Center Market – Investment Analysis & Growth Opportunities 2026-2031

VIETNAM DATA CENTER MARKET ANALYSIS

The Vietnam data center market size was valued at USD 1.04 billion in 2025 and is expected to reach USD 3.19 billion by 2031, growing at a CAGR of 20.47% during the forecast period. Vietnam’s data center market is driven by factors such as the growing adoption of digital platforms, advanced technologies such as AI, the digital economy, increasing internet users & data traffic, government initiatives, and the rising growth in mobile and social media users, which are expected to significantly enhance data traffic and demand for data centers.

The Vietnam government is committed to promoting key sectors; this includes the development of clean energy solutions. They are currently establishing a Direct Power Purchase Agreement (Direct PPA), specifically for the data center industry, as well as refining digital regulations and laws to support the advancements in AI and digital technologies.

In July 2025, CMC Corporation, along with Saigon Hi-Tech Park Management Board, received approval of $250 million (Phase I) to develop a hyperscale Tier-III data center in Ho Chi Minh City. The investment is expected to reach up to $1 billion in subsequent phases

Vietnam aims to achieve the full adoption of cloud computing across all government agencies by 2030; this is part of its strategy to advance the digital economy and become one of the leading countries in ASEAN for data centers and cloud computing services by 2030. In June 2025, the Prime Minister of Vietnam approved a national action program for cloud computing development; this program will prioritize resources, master technology, boost innovation, as well as develop and apply cloud computing to build an advanced, secure, and sustainable digital infrastructure

Vietnam’s investment outlook for data centers is supported by a combination of tax incentives and regulatory clarity. From October 1, 2025, qualifying projects will benefit from a 10% corporate tax rate for 15 years, including four years of full exemption and a 50% reduction for the next nine years, along with land rent exemptions of up to 11 years and five-year income tax exemptions for foreign experts.

VIETNAM DATA CENTER MARKET - KEY HIGHLIGHTS

1. Vietnam has rapidly become the region’s fastest-growing data center market, along with emerging as a critical hub for cloud and AI infrastructure. As of September 2025, Vietnam’s data center pipeline, including under-construction, announced, and planned facilities, exceeds 500 MW, positioning the country among the largest emerging DC markets in Asia.
2. Ho Chi Minh City is the top data center destination in the country. It continues to be Vietnam’s leading hub for data center expansion, marked by a concentrated growth in advanced facilities, hyperscale data centers, and dedicated cloud regions. There are 13 existing and 12 upcoming data centers in the city, as of September 2025.
3. As of 2025, the construction cost of data centers in Vietnam is the lowest, ranging from $6 million to $8 million per MW; this makes it a more affordable option as compared with the other regional hubs such as Singapore, Indonesia, and Malaysia.
4. Starting January 1, 2026, Vietnam's Personal Data Protection Law will mandate the domestic storage of Vietnamese user data, imposing penalties of up to 5% of annual revenue for violations related to cross-border data transfer. This law is expected to significantly increase the demand for local data center infrastructure to ensure compliance.

WHY SHOULD YOU BUY THIS RESEARCH?

1. Market size available in the investment, area, power capacity, and the Vietnam colocation market revenue.
2. An assessment of the data center investment in Vietnam by colocation, hyperscale, and enterprise operators.
3. Data center investments in the area (square feet) and power capacity (MW) across cities in the country.
4. A detailed study of the existing Vietnam data center market landscape, an in-depth industry analysis, and insightful predictions about the Vietnam data center market size during the forecast period.
5. Snapshot of existing and upcoming third-party data center facilities in Vietnam
6. Facilities Covered (Existing): 29
7. Facilities Identified (Upcoming): 20
8. Coverage: 4+ Cities
9. Existing vs. Upcoming (Data Center Area)
10. Existing vs. Upcoming (IT Load Capacity)
11. Data center colocation market in Vietnam
12. Colocation Market Revenue & Forecast (2022-2031)
13. Retail & Wholesale Colocation Revenue (2022-2031)
14. Retail & Wholesale Colocation Pricing
15. Vietnam data center landscape market investments are classified into IT, power, cooling, and general construction services, with sizing and forecast.
16. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
17. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
18. A transparent research methodology and the analysis of the demand and supply aspects of the market.

VIETNAM DATA CENTER MARKET VENDOR LANDSCAPE

1. In the current landscape of colocation investors, several established companies play a significant role. Notable players include CMC Telecom, FPT Telecom, Hanoi Telecom (ECODC), NTT DATA, ST Telemedia Global Data Centres, Viettel IDC, VNPT and VNTT.
2. The market has witnessed several new players emerge over the past few years. The notable entrants are Epsilon Telecommunications, Gaw Capital, Infracrowd Capital and Siagon Asset Management.
3. In November 2025, Kinh Bac City Development Holding Corporation (KBC) signed a Memorandum of Understanding (MoU) with Accelerated Infrastructure Capital (AIC) and VietinBank to develop an AI-focused data center complex in Ho Chi Minh City. The project is expected to involve up to $2 billion in investment, financed through a combination of equity and commercial loans.
4. Vietnam is increasingly being discussed as a potential destination for hyperscalers, with early market buzz around its suitability as a regional hub for cloud and AI infrastructure in Southeast Asia. Google and Alibaba are expected to build their first hyperscale data center in Ho Chi Minh City, which will be operational by 2027.

EXISTING VS. UPCOMING DATA CENTERS

1. Existing Facilities in the region (Area and Power Capacity)
2. Ho Chi Minh City
3. Other Cities
4. List of Upcoming Facilities in the region (Area and Power Capacity)
5. Ho Chi Minh City
6. Other Cities

REPORT COVERAGE:

This report analyses the Vietnam data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, cooling systems, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

1. IT Infrastructure
2. Server Infrastructure
3. Storage Infrastructure
4. Network Infrastructure
5. Electrical Infrastructure
6. UPS Systems
7. Generators
8. Transfer Switches & Switchgears
9. PDUs
10. Other Electrical Infrastructure
11. Mechanical Infrastructure
12. Cooling Systems
13. Rack Cabinets
14. Other Mechanical Infrastructure
15. Cooling Systems
16. CRAC and CRAH Units
17. Chiller Units
18. Cooling Towers, Condensers and Dry Coolers
19. Other Cooling Units
20. General Construction
21. Core & Shell Development
22. Installation & commissioning Services
23. Building & Engineering Design
24. Fire Detection & Suppression Systems
25. Physical Security
26. Data Center Infrastructure Management (DCIM)
27. Tier Standard
28. Tier I & Tier II
29. Tier III
30. Tier IV

VENDOR LANDSCAPE

1. IT INFRASTRUCTURE PROVIDERS: Cisco, Dell Technologies, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies, Hitachi Vantara, IBM, Internet Initiative Japan (IIJ), Inspur, Lenovo, NetApp, NVIDIA, NEC and Oracle
2. DATA CENTER CONSTRUCTION CONTRACTORS & SUB-CONTRACTORS: Arup, Archetype Group, Aurecon, Apave, AWP Architects, GreenViet, Sato Kogyo, SOL E&C and USDC Technology
3. SUPPORT INFRASTRUCTURE PROVIDERS: ABB, Caterpillar, Cummins, Cyber Power Systems, Delta Electronics, Eaton, Johnson Controls, Fuji Electric, HITEC Power Protection, Rehlko (Kohler), Legrand, Mitsubishi Electric, Piller Power Systems, Narada, Rittal, Schneider Electric, Siemens, STULZ, TECO Electric & Machinery, Trane and Vertiv.
4. DATA CENTER INVESTORS: CMC Telecom, Edge Centres, FPT Telecom, Hanoi Telecom (ECODC), NTT DATA, ST Telemedia Global Data Centres, Viettel IDC, VNPT and VNTT.
5. NEW ENTRANTS: Epsilon Telecommunications, Gaw Capital, Infracrowd Capital and Siagon Asset Management.