The Vietnam data centre market is primarily driven by the boom in AI and the national digital transformation process. — VNA/VNS
HO CHI MINH CITY: The data centre market in Vietnam is in the midst of explosive growth, evolving from a mere technical infrastructure to becoming a coveted high-tech real estate asset that attracts global investors, say experts.
One of the primary catalysts driving the growth is the rise of Generative AI (Gen AI), which is fuelling data centre demand globally, including in Vietnam.
Forecasts suggest that 70% of the global data centre processing volume from 2023 to 2030 will be AI-related, encompassing both AI training and AI inference.
The Asia-Pacific region is anticipated to capture a substantial market share, accounting for around 45GW to 55GW of global demand by 2028.
The demand for AI necessitates higher rack density and enhanced cooling capabilities compared with traditional data centres, leading to a shift towards large-scale and hyperscale (over 5MW) colocation data centre models. These models enable businesses to reduce initial investment costs and maintain stable operating expenses, allowing them to focus on their core operations.
According to the CBRE Asia-Pacific Investor Intentions Survey 2025, data centres have risen to the second position on the list of most preferred alternative asset classes for investment in the region.
The Vietnam data centre market is primarily driven by the boom in AI and the national digital transformation process.
Vietnam’s total operating capacity is projected to increase by 5.6 times from 2030 onwards, from the current capacity of 104MW. The country possesses a solid digital foundation, generating stable domestic demand.
Duong Thuy Dung, executive director of CBRE Vietnam, said: “Vietnam currently boasts a construction cost advantage, with prices of only around US$7mil /MW, nearly 50% lower than tier one markets like Tokyo or Singapore. This significant disparity, combined with the explosive hyperscale demand from AI, is creating compelling investment opportunities in South-East Asia.
“Crucially, investors must pursue strategic cooperation through joint venture models or mergers and acquisitions to mitigate risks and navigate power supply and project deployment speed hurdles, thereby fully capitalising on the sixfold growth potential of the Vietnamese data centre market over the next decade.” — Viet Nam News/ANN
