Google is reportedly considering constructing a large-scale data center in Vietnam, according to sources speaking to Reuters.
The location for this massive data center is rumored to be near Ho Chi Minh City, but specific investment details have not been disclosed. It is also unclear when Google will finalize the investment deal, but internal discussions are said to be underway, and the data center could be operational by 2027.
According to Reuters, the data center Google intends to build will be one of the largest types, with power consumption potentially equivalent to that of a major city. A large-scale data center with a 50 MW power consumption can cost anywhere from $300 to $650 million to construct, according to real estate consultancy Jones Lang LaSalle.
Google’s motivation for building the data center likely stems from its growing domestic and international customer base for its cloud services and the robust growth of Vietnam’s digital economy. Sources also revealed to Reuters that Vietnam is the fastest-growing market for YouTube, Google’s renowned video-sharing service.
Currently, the largest data center operators in Vietnam are the industrial investment firm IDC Becamex and the telecom company VNPT.
Back in May, Nikkei reported that Alibaba was also considering constructing a data center in Vietnam.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Proposed Planning for Adding 2 New Cities in Ho Chi Minh City
According to Architect Ngô Viết Nam Sơn, Ho Chi Minh City should consider planning two cities within the city in the south and north.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
