Vietnam Data Center Market To Witness Investment Opportunities Of $1 Billion In 2028 - Arizton

CHICAGO - March 23, 2023 - PRLog -- The government's strategies, digitalization initiatives, expansion of fiber connectivity, and 5G deployment have made Vietnam one of Southeast Asia's emerging data center markets. To achieve e-government, e-economy, and e-society, as well as to increase production and manufacturing, Vietnam's National Digital Transformation Program 2025 aims to accelerate digital transformation. By 2025, this initiative hopes to have moved about 50% of the company's operations online.

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Major telecom operators and colocation service providers in the Vietnam data center market invest in cloud-based services. In 2022, Vietnam contributed around 4% of data center investments to the total Southeast Asia data center market. The colocation market in Vietnam is one of the fastest-growing markets in Southeast Asia. The shifting of workloads from on-premises to cloud platforms increases the demand for wholesale colocation in the country.

In September 2022, HSBC Vietnam provided financial assistance to Viettel IDC, Vietnam's largest data center operator, to construct the data centers using sustainable materials. The financial assistance is available for five years and includes a $16 million investment. The assistance is provided to help Viettel IDC purchase the equipment needed to build data centers in Hanoi with a PUE of less than 1.5.

In September 2022, Edge Centers, an Australian edge data center firm, launched the first edge data center in Ho Chi Minh City, Vietnam, where a solar energy source powers the facility. HTC-ITC partnered with Delta Electronics by deploying Vietnam's first certified green data center, Uptime Institute, with a PUE of 1.4, 20% lower than other data centers operating at an average PUE of 1.6 in the country.

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