During his official visit to the Republic of Singapore, Chairman of the National Assembly Tran Thanh Man met with the CEO of Sembcorp Development and Chairman of VSIP Group, Lee Ark Boon.
Sembcorp has invested in 18 Vietnam-Singapore Industrial Park (VSIP) projects across 13 provinces and cities in Vietnam, providing employment to over 300,000 local workers. VSIP is a prime example of successful collaboration between the two countries, combining modern infrastructure development and effective foreign investment attraction.
Chairman Tran Thanh Man meets with Sembcorp’s leadership (Singapore). Photo: VNA
According to Mr. Lee Ark Boon, Sembcorp has been operating in Vietnam for 28 years, and VSIP is a symbol of the successful cooperation between Singapore and Vietnam.
Mr. Lee Ark Boon affirmed that Sembcorp will continue to invest in more industrial parks in Vietnam. The corporation also plans to develop low-carbon, high-tech industrial parks and green data centers in line with Vietnam’s green transition orientation.
Sembcorp’s CEO hopes that the Vietnamese government will continue to support and facilitate the corporation’s plans.
Vietnam’s Data Center Market Attracts Investment Interest
According to Research and Markets, Vietnam’s data center market is expected to reach $1.03 billion by 2028 and $1.26 billion by 2030, with a compound annual growth rate of 10.8%. Data center projects are attracting interest from both domestic and foreign investors.
Specifically, Saigon Telecommunication Technology Corporation (Saigontel) has proposed to the Ho Chi Minh City People’s Committee and relevant units to implement a data center project in Tan Phu Trung Industrial Park, Cu Chi district, Ho Chi Minh City.
The Management Board of Export Processing Zones and Industrial Parks in Ho Chi Minh City has also issued Document No. 3081/BQL-DT to the Ho Chi Minh City Trade and Investment Promotion Center, stating that Saigontel’s proposed data center project in Tan Phu Trung Industrial Park is in line with the city’s investment attraction orientation and the planning of Tan Phu Trung Industrial Park.
Data centers are an area of interest for domestic and foreign investors.
In addition to the above project, Ho Chi Minh City is also calling for investment in a data center project in the High-Tech Park. This project has attracted the interest of five large investors, including CMC Corporation (Vietnam); Evolution Group (Singapore); NTT Data Group (Japan); Hyosung Group (South Korea); and the joint venture between Coteccons Company (Vietnam) and Eaton (USA).
Viettel also has a data center in Viettel Hoa Lac (Hanoi), with 60,000 servers, more than 2,400 racks, and 21,000 square meters of floor space. This is currently the largest data center in Vietnam. The corporation is also investing in building another data center in Ho Chi Minh City, with an investment of VND 14,700 billion, expected to be operational by Q4 2025.
FPT Telecom is developing the HN03 data center, with a total investment of VND 3,000 billion before tax, expected to be implemented from 2024 to 2032. In addition, the company currently has three operating data centers and two projects under construction in Ho Chi Minh City and Danang.
With the above-mentioned interest in the data center industry, many research units consider Vietnam to be one of the fastest-growing markets in the world. Some statistics show that Vietnam currently has 32 small and medium-sized data centers, with a total of more than 20,000 racks.
It is calculated that Vietnam needs to invest in building three medium-sized data centers each year to meet the actual demand.
The development of data centers is part of Vietnam’s Digital Infrastructure Strategy for 2025 and vision for 2030, which aims to build and develop the country’s digital infrastructure on par with developed countries, with a priority for development and protection similar to that of transportation and energy infrastructure.
“CodeGym Migrates to Domestic Bizfly Cloud Infrastructure for Seamless Connectivity”
The IT industry is perpetually facing a talent crunch. With Vietnam’s technology development plans for the near future, an additional 500,000 IT professionals will be required. CodeGym, leveraging the power of Bizfly Cloud’s infrastructure, aims to bridge this gap by delivering a cutting-edge and optimized programming training system.
The Truth Behind the Allegations: Is Dat Bike Still a Proudly Vietnamese Enterprise?
“Instead of viewing the narrative as a business no longer being ‘purely Vietnamese’, let’s celebrate the success Dat Bike has achieved in building trust with international investors,” said CEO Son Nguyen.
“Viettel Mobile Network: Growing Alongside a Nation’s Fortunes”
Born in a dynamic economic growth period of the country, Viettel Mobile has thrived by aligning its business goals with the nation’s development objectives.
The Southeast Asian Tiger: Unlocking Opportunities in Vietnam’s Dynamic Economy
A Southeast Asian tiger, Vietnam has proven its economic prowess, attracting over $7 billion in investments during the first nine months. Now, this dynamic nation sets its sights on collaboration with Ba Ria-Vung Tau, unlocking new avenues for growth.
Recently, Mr. Pham Viet Thanh, Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Council of Ba Ria – Vung Tau, had a meeting with Mr. Pang Te Cheng, Consul General of Singapore in Ho Chi Minh City.
The Tech Talent Hunt: Thai Companies Seek Out Vietnam’s Best and Brightest
“International and Thai startups alike are always on the lookout for tech talent in this market, and it’s an advantage that Vietnam is excelling at compared to many other markets,” emphasized the CEO of Techsauce.
