Vietnam Market Investment Analysis Report 2023: $1037 Million Market by 2028 with New Players

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Vietnam data center market

Vietnam data center market

Vietnam data center market

Dublin, March 24, 2023 (GLOBE NEWSWIRE) — The “Vietnam Data Center Market – Investment Analysis and Growth Opportunities 2023-2028” report has been added to the supply.

The data center market size in Vietnam is expected to grow to USD 1,037 million by 2028 from USD 561 million in 2022, growing at a CAGR of 10.68% from 2022 to 2028.

This report analyzes the data center market share in Vietnam. It analyzes in detail the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction and level standards. It discusses market sizing and investment evaluation for various segments.

With the implementation of the data localization law in Vietnam, investment in data centers is increasing year-on-year. The country is witnessing investments from new entrants such as Data Center First, Edge Centres, Infracrowd Capital and Worldwide DC Solutions. Existing operators are expanding their presence in the country by investing in the new facility and expanding the existing facility.

In terms of network connectivity, the country has five existing submarine cables connecting APAC & EMEA countries and the US. Asia Direct Cable (ADC) and Southeast Asia-Japan Cable 2 (SJC2) are the two upcoming submarine cables expected to be commissioned by 2023/2024.

The government has launched the digitization initiative known as the Digital Transformation Agenda 2025, aims to shift around 50% of businesses to digital platforms by 2025. In the country, the increase in 5G network connectivity is driving the demand for edge data center deployments and offers the latest mile connectivity and low latency services.

In August 2022, Amazon Web Services (AWS) announced the launch of edge data centers in Hanoi and Ho Chi Minh in Vietnam. In February 2022, Vietnam’s Ministry of Information and Communications announced its research plans to develop 6G technology to meet demand from the fastest growing technology sectors.


Ho Chi Minh City and Hanoi are the main locations of the data center market in Vietnam, with 24 existing third-party data centers. Hanoi is the main location in Vietnam with about 11 existing facilities.

Some key investors in the data center market in Vietnam are Viettel IDC, NTT Global Data Centers, FTP Telecom, CMC Telecom, HTC Telecom International (ECODC), VNPT and VNTT.


  • Available market size in investment, area, power capacity and revenue of colocation market in Vietnam.

  • Evaluating data center investment in v through colocation, hyperscale, and enterprise carriers.

  • Investments in area (square feet) and power capacity (MW) by states in the country.

  • A detailed study of the existing data center industry landscape in Vietnam, in-depth analysis of the industry, and insightful projections of industry size during the forecast period.

  • Snapshot of existing and upcoming third-party data center facilities in Vietnam

    • a) Covered facilities (existing): 24

    • b) Identified facilities (forthcoming): 07

    • c) Coverage: 4 cities

    • d) Existing vs upcoming (area)

    • e) Existing vs. upcoming (IT load capacity)

  • Data center colocation market in Vietnam

  • Market investment in Vietnam is classified into IT, power, cooling and general building services with sizing and forecast.

  • Comprehensive analysis of latest trends, growth rate, potential opportunities, growth restraints and industry outlook.

  • Business overview and product offerings of prominent IT infrastructure providers, developers, infrastructure providers and investors working in the industry.

  • Transparent research methodology and analysis of the supply and demand aspects of the industry.

Key Attributes:

Report attribute


Number of pages


Forecast period

2022 – 2028

Estimated Market Value (USD) in 2022

561 million dollars

Estimated Market Value (USD) to 2028

1037 million dollars

Compound Annual Growth Rate


Regions covered


IT infrastructure providers

Data center construction contractors and subcontractors

Support Infrastructure Providers

  • ABB

  • Caterpillar

  • Cummins

  • Cyber ​​Power Systems

  • Delta Electronics

  • Ethan

  • Fuji Electric

  • HITEC Power Protection

  • KOHLER Power

  • Legrand

  • Mitsubishi Electric

  • It spread

  • Rittal

  • Schneider Electric

  • Siemens


  • Train (Ingersoll Rand)

  • Vertiv

Investors in data centers

New participants

  • First data center

  • End centers

  • Infracrowd Capital

  • Worldwide DC Solutions


  • Existing facilities in the region (area and capacity)

  • Hanoi

  • Ho Chi Minh City

  • Other cities (Da Nang and Binh Duong Province)

  • List of upcoming facilities in the region (area and capacity)


IT infrastructure

Network infrastructure

Electrical infrastructure

Mechanical infrastructure

General construction

  • Core and shell development

  • Installation and commissioning services

  • Engineering and building design

  • Fire detection and extinguishing

  • Security guards

  • DCIM

Standard level

  • Level I and Level II

  • Arrangement III

  • Level IV

For more information on this report, visit

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