Vietnam emerges as fast-growing data centre market
Vietnam is assessed as one of the fastest-growing data centre markets globally, driven by the digitalisation efforts of domestic small- and medium-sized enterprises (SMEs), tech-savvy young population, the advent of 5G, demand for self-sufficient digital infrastructure, and data localisation.
The Vietnamese market surged to over 1 billion USD last year, nearly double the figure logged in 2022. Currently, most of those participating in the local data center segment are domestic telecommunications companies.
Data centers are expected to play a crucial role in supporting Vietnam’s digital transformation. Therefore, despite being in the nascent stage, many foreign investors anticipate effective investment-attracting policies in the near future to meet demands.
