Vietnam's CMC to build $250M hyperscale data center

CMC said on Sunday the Saigon Hi-Tech Park Management Board had approved the project.

The center is a pivotal component of CMC’s strategy to drive digital and AI transformation.

Set to break ground in 2026, it is meant to support the company's global expansion and contribute to the development of HCMC as a key digital infrastructure hub.

It will offer services such as AI-as-a-service, cloud computing, big data, and cybersecurity.

It will also incorporate renewable energy solutions and green standards from the design phase.

The Vietnamese tech giant envisions the project as a cornerstone for attracting global technology and AI companies to Vietnam.

"We see the Hyperscale Data Center SHTP not just as a data center, but as the foundation for HCMC to become the region's digital hub," Nguyen Trung Chinh, its chairman said.

Illustration of CMC’s Hyperscale Data Center at Saigon Hi-Tech Park. Photo courtesy of CMC

In June, it also began construction on the $300 million CMC Creative Space in Hanoi, a project Prime Minister Pham Minh Chinh has referred to as a future "technology valley" for engineers and scientists.

Data from Vietnam's Ministry of Science and Technology shows that the country's total data center capacity reached 182 MW as of March, with a 2030 target of 870 MW.

Currently, Vietnam has only one operational hyperscale data center, with a 30 MW capacity.

To meet rising demand, domestic companies are developing hyperscale data centers with a combined planned capacity of 220 MW.

For example, Viettel began construction in April on a data center in Cu Chi District, HCMC, with a 140 MW capacity.