The event marks the development of a 200MW AI data center complex in Tan Phu Trung Industrial Park, Ho Chi Minh City.
The signing ceremony followed a meeting between international investors and Ho Chi Minh City’s Party Secretary, Tran Luu Quang, and Vice Chairman of the City’s People’s Committee, Nguyen Loc Ha.
Ho Chi Minh City Party Secretary Tran Luu Quang and representatives from KBC, AIC, and VietinBank discuss digital infrastructure collaboration. Photo: KBC.
Under the agreement, the three parties will leverage their strengths to initiate the first phase of the data center project, with plans to expand to other locations nationwide in subsequent phases.
KBC, an experienced industrial and urban development firm, views the data center project as a strategic move to upgrade its industrial value chain—shifting from traditional manufacturing infrastructure to advanced digital and high-tech solutions. This aligns with KBC’s ecosystem evolution, enhancing Vietnam’s appeal for high-tech and digital service investments.
AIC brings global expertise in data center development and operations, with founders involved in large-scale projects across Asia, the Middle East, and Europe, totaling over $20 billion in investments. AIC aims to partner with KBC and stakeholders to establish hyperscale and neocloud data centers, supporting cloud computing and AI demands in the region.
Representatives from KBC (right) and AIC (left) at the Memorandum of Understanding signing ceremony. Photo: KBC.
VietinBank, a leading Vietnamese commercial bank, will serve as the financial partner, offering advisory, project financing, and capital mobilization services to ensure the project’s sustainability and efficiency.
The total investment is nearly $2 billion, funded through equity and commercial loans, with KBC, AIC, and partners contributing to the equity portion.
Elevating Vietnam’s Industrial Value Chain with the SGI-HCM Data Center Project
The SGI-HCM Campus is envisioned as a large-scale AI data center complex with a 200MW IT load capacity, supporting 100,000 GPUs, and will be established in the coming years.
Named after Saigon Invest Group (SGI), a reputable private infrastructure and industrial park investor, the 10-hectare project is located in Tan Phu Trung Industrial Park (Cu Chi, Ho Chi Minh City), designed to attract high-tech industries and digital infrastructure services.
The SGI-HCM Campus will adhere to international standards, focusing on energy efficiency, data security, and sustainability, to bolster Vietnam’s digital industrial infrastructure.
Tan Phu Trung Industrial Park. Photo: KBC
KBC Leadership Statements
Dang Thanh Tam, KBC Chairman, stated: “As a Saigon Invest Group member, KBC aims to contribute to Vietnam’s digital infrastructure growth. Data centers are pivotal in upgrading industrial value chains, enabling Vietnam to embrace new production and technology trends. We are honored to collaborate with domestic and international partners to drive investment, innovation, and sustainable development.”
Dang Nguyen Nam Anh, KBC Deputy General Director, added: “Vietnam is entering the data and AI era, where data centers underpin digital transformation. KBC will work closely with partners to build robust data and digital industrial infrastructure, leveraging our expertise in sustainable industrial park development.”
National Strategy: Advancing Science and Technology for Economic Growth
Resolution 57-NQ/TW (issued December 22, 2024) by the Politburo identifies AI as a key focus for national economic development through science, technology, innovation, and digital transformation.
During General Secretary To Lam’s official visit to the United Kingdom (October 28–30, 2025), Vietnamese delegates engaged with global AI leaders, sharing visions for responsible technology development aligned with human-centric and sustainable growth.
Vietnam is recognized as a rapidly growing digital economy in the region, with a skilled tech workforce, competitive costs, and significant data infrastructure investment potential. This presents an opportune moment for domestic and international stakeholders to co-create a national digital foundation, fostering inclusive and sustainable development.
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