Vietnam's data center market attracts foreign investors: report

0 Comment(s)Print E-mail Xinhua, May 13, 2024
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HANOI, May 13 (Xinhua) -- Vietnam's data center market is attracting foreign investors due to high demand, Vietnam News reported Monday, citing the Jones Lang LaSalle (JLL)'s comprehensive market report.

According to the report, international developers and operators are beginning to enter the market, including notable projects like the 20 MW facility by Gaw Capital in Saigon Hi-Tech Park, a 30 MW project by Singapore-based Worldwide DC Solution, and a partnership between Japanese telecom giant NTT with DQ Tek.

Celina Chua, data center client solutions director at the JLL, said "Vietnam has recently climbed the priority list of countries investors and operators are looking to understand as they work out their market entry."

"This interest is driven by Vietnam's strategic geographical location, dynamic economic policies, a young tech-savvy population, and the need for data localization, positioning it as an important hub for data centers in Asia," she said.

According to the JLL, development costs for data centers in Vietnam typically span from 6 million to 13 million U.S. dollars per megawatt. Enditem

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