![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/2-8.png\")
<\/p>\n![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Picture6-2.png\")
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(Source: Precedence Research)<\/p>\n
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![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Picture7-2.png\")
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(Source: Precedence Research)<\/p>\n
Data centers (DC), the backbone of enterprise IT, house critical servers, storage and networking equipment in secure, climate\u2011controlled facilities with uninterrupted power. Rising data demand is fueling rapid expansion: the global market is projected at $125.4 billion in 2024, climbing at an 11.3% CAGR to $364.6 billion by 2034.<\/p>\n
Cloud migration remains the key driver of hyperscale growth as firms abandon on\u2011premise models for scalable solutions. Meanwhile, edge data centers are set to gain traction, powered by IoT proliferation and consumer demand for low\u2011latency, real\u2011time processing.<\/p>\n
North America, the world\u2019s largest data center market by revenue, sits at the core of the global landscape. Its appeal stems from proximity to major internet exchange points, a highly skilled workforce, a business\u2011friendly climate with tax incentives, abundant land and reliable power supply.<\/p>\n
![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Picture8-1.png\")
<\/p>\n
(Source: Synergy Group)<\/p>\n
![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Picture9-1.png\")
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(Source: Synergy Group)<\/p>\n
Recent headline moves \u2014 such as TikTok shifting U.S. user data to Oracle servers and Naver relocating backup data from Hong Kong to Singapore \u2014 underscore a broader trend: ASEAN is emerging as a prime destination for secure, scalable and geopolitically neutral data center investment.<\/p>\n
Singapore remains a critical connectivity hub with 24 undersea cables, but land scarcity and energy constraints are curbing expansion. The government has tightened new approvals, prompting investors to explore alternative ASEAN markets.<\/p>\n
Meanwhile, Indonesia, Vietnam, Malaysia and Thailand have reinforced data sovereignty laws, mandating local storage for sectors such as finance and state\u2011owned enterprises.<\/p>\n
The\u00a0rise of IoT, AI and edge computing is driving demand for localized data processing to secure low latency. Decentralized urbanization across ASEAN is spurring new data center deployments in tier\u20111 and tier\u20112 cities, catering to autonomous systems, fintech and cloud gaming.<\/p>\n
![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Picture10-1.png\")
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(Source: Cloud Scene)<\/p>\n
Despite advantages in power and construction costs (Cushman & Wakefield) and spillover demand from Singapore, Vietnam\u2019s data center market remains small and has clearly lagged regional peers between 2020\u20132022. Planned new capacity for 2024\u20132030 is still underwhelming, with projected growth of just +60% versus Malaysia (+500%), Thailand (+550%) and Indonesia (+270%) (ARC Group).<\/p>\n
A key bottleneck lies in Vietnam\u2019s international submarine cable network, which is still being upgraded and remains less competitive. The Ministry of Information and Communications targets 15 cables by 2030, with four to be added before 2027, but this will still trail Singapore (26\u201328), Malaysia (23) and Thailand.<\/p>\n
Global energy and environmental standards add further pressure. Vietnam must reduce data center PUE below 1.3 by January 2030 \u2014 a tough target given the hot, humid climate. Renewable energy is seen as critical to meeting rising demand while keeping emissions low, yet Power Development Plan VIII has so far delivered little breakthrough in expanding green supply.<\/p>\n
Meanwhile, ASEAN peers are pulling ahead with stronger commitments and aggressive incentives. Malaysia, for instance, offers up to 100% investment tax allowance on capital expenditure. Against this backdrop, Vietnam is unlikely to attract the world\u2019s major hyperscalers to build data centers.<\/p>\n
![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Screenshot-2026-02-04-085654.png\")
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Vietnam\u2019s data center market remains underdeveloped relative to its vast potential \u2014 a fast\u2011growing economy, high internet penetration and a booming digital sector with surging data demand<\/p>\n
The most notable catalyst recently has been policy and institutional reform, which is beginning to unlock demand. Authorities have moved to reframe the strategic importance of digital infrastructure, tighten data governance with local storage requirements, clarify definitions and investment rules for data centers, lift foreign ownership caps, and roll out state\u2011led digital transformation programs. These shifts mark a turning point that could reshape the trajectory of Vietnam\u2019s DC sector.<\/p>\n
![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Screenshot-2026-02-04-085721.png\")
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Vietnam\u2019s data center demand is expected to remain largely domestic, serving enterprises, government agencies and the local market. A wave of hyperscaler projects is slated for 2025\u20132030 to support the government\u2019s digital transformation agenda. Notably, Viettel IDC (unlisted), FPT Group (HOSE: FPT) and CMC Technology Group (HOSE: CMG) \u2014 all homegrown tech champions with strong government ties \u2014 are positioned to benefit from this build\u2011out.<\/p>\n
![\"\"](\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Screenshot-2026-02-04-085821.png\")
<\/p>\n
Nguyen Minh Tri \u2013 Investment Department, PHFM<\/em><\/p>","protected":false},"excerpt":{"rendered":" DATA CENTER MARKET IN VIETNAM \u2013 POWER FROM WITHI…<\/p>\n","protected":false},"author":10,"featured_media":15371,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[103,107],"tags":[175,173,174,176,177,178],"_links":{"self":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/15369"}],"collection":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/comments?post=15369"}],"version-history":[{"count":8,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/15369\/revisions"}],"predecessor-version":[{"id":15449,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/15369\/revisions\/15449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/media\/15371"}],"wp:attachment":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/media?parent=15369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/categories?post=15369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/tags?post=15369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}