Report Description

Forecast Period


Market Size (2023)

USD 714 Million

Market Size (2029)

USD 1333 Million

CAGR (2024-2029)


Fastest Growing Segment

Web Hosting

Largest Market

Southern Vietnam

Market Overview

Vietnam Data Center Market has valued at USD 714 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 10.8% through 2029.  The Vietnam Data Center Market is experiencing rapid growth, driven by the country's expanding digital economy and the increasing demand for digital services across various sectors. With a growing population of internet users and smartphone owners, Vietnam has emerged as a promising market for data center infrastructure, catering to the needs of businesses, government agencies, and consumers alike. The market is characterized by significant investments in modern data center facilities, fueled by factors such as rising internet penetration, government initiatives to promote digital transformation, and the adoption of cloud computing and hybrid IT solutions. Moreover, the COVID-19 pandemic has accelerated the pace of digitalization, leading to a surge in demand for data center services to support remote work, online learning, e-commerce, and digital entertainment. As Vietnam continues to embrace digital technologies and infrastructure, the data center market is poised for continued expansion, offering opportunities for domestic and international players to capitalize on the country's growing digital ecosystem.

Key Market Drivers

Rapid Digital Transformation Across Industries

A primary driver fueling the growth of the Vietnam Data Center Market is the rapid pace of digital transformation across various industries. With the advent of Industry 4.0 and the increasing adoption of advanced technologies, businesses across Vietnam are undergoing significant digitalization to enhance operational efficiency, improve customer experiences, and gain competitive advantages. This digital transformation journey involves the integration of cloud computing, big data analytics, artificial intelligence (AI), Internet of Things (IoT), and other digital solutions into business processes and operations. As organizations strive to leverage data-driven insights and digital technologies to drive innovation and business growth, the demand for robust data center infrastructure to support these initiatives has surged. Data centers serve as the foundation for storing, processing, and managing vast amounts of data generated by digital applications and services. Whether it's e-commerce platforms managing online transactions, financial institutions processing real-time transactions, or healthcare providers storing electronic health records, data centers play a critical role in enabling these digital transformations. Moreover, the COVID-19 pandemic has accelerated the pace of digital adoption, with remote work, online learning, and e-commerce becoming increasingly prevalent. This shift towards digital-first strategies has further heightened the importance of data center infrastructure, as businesses seek scalable, secure, and resilient solutions to support their evolving digital needs. As Vietnam's economy continues to evolve into a digital powerhouse, driven by technological innovation and changing consumer behaviors, the demand for data center services is expected to grow exponentially, positioning the Vietnam Data Center Market for sustained expansion in the years to come.

Rising Internet Penetration and Mobile Connectivity

The growth of the Vietnam Data Center Market is the rising internet penetration and mobile connectivity across the country. Vietnam has witnessed remarkable growth in internet usage and smartphone adoption in recent years, driven by factors such as increasing affordability of smartphones, expanding 4G network coverage, and the availability of affordable data plans. As a result, more Vietnamese consumers are accessing the internet through their mobile devices, engaging in online activities such as social media, e-commerce, and video streaming. This surge in internet usage has led to a corresponding increase in demand for digital services and content, driving the need for robust data center infrastructure to support these online activities. Data centers play a crucial role in ensuring seamless connectivity, high-speed data transmission, and reliable access to digital services, making them indispensable in today's hyper-connected world. Moreover, the upcoming rollout of 5G technology is expected to further accelerate the demand for data center services, as 5G networks require denser infrastructure, higher bandwidth capacities, and lower latency to deliver ultra-fast, low-latency connectivity for emerging applications such as augmented reality (AR), virtual reality (VR), and autonomous vehicles. As Vietnam continues to embrace the digital age and embrace mobile-first lifestyles, the demand for data center services is poised to grow, driven by the increasing reliance on digital services and the need for seamless connectivity across all devices and platforms.

Government Initiatives Promoting Digital Economy

The Vietnam Data Center Market is also driven by government initiatives aimed at promoting the digital economy and fostering a conducive environment for technological innovation and investment. Recognizing the critical role of digital infrastructure in driving economic growth, job creation, and competitiveness, the Vietnamese government has launched various programs and policies to accelerate the country's digital transformation journey. These initiatives include the National Digital Transformation Program, the National Digital Transformation Strategy, and the National Digital Transformation Platform, among others. The overarching goal of these initiatives is to harness the power of technology to modernize key sectors of the economy, improve governance and public services, and enhance the overall quality of life for Vietnamese citizens. As part of these efforts, the government has prioritized investments in digital infrastructure, including broadband networks, data centers, and cybersecurity systems, to support the growing digital ecosystem. Additionally, the government has rolled out incentives and tax breaks to attract foreign investment in high-tech industries, including data center development. By creating a favorable regulatory environment and providing financial incentives for digital innovation and investment, the government aims to position Vietnam as a leading digital economy in the region. These government initiatives are expected to drive significant growth in the Vietnam Data Center Market by catalyzing investments in data center infrastructure and supporting the expansion of digital services across various sectors of the economy.

Increasing Adoption of Cloud Computing and Hybrid IT

The Vietnam Data Center Market is experiencing significant growth due to the increasing adoption of cloud computing and hybrid IT solutions by businesses of all sizes. Cloud computing offers numerous benefits, including scalability, flexibility, cost-effectiveness, and agility, making it an attractive option for organizations looking to modernize their IT infrastructure and streamline their operations. Whether it's software-as-a-service (SaaS), platform-as-a-service (PaaS), or infrastructure-as-a-service (IaaS) solutions, cloud computing allows businesses to access computing resources and software applications on-demand over the internet, without the need for upfront capital investment in physical infrastructure. Moreover, the rise of hybrid IT environments, which combine on-premises infrastructure with cloud-based services, allows organizations to leverage the benefits of both worlds while maintaining control over sensitive data and regulatory compliance requirements.

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Key Market Challenges

Infrastructure Limitations and Power Supply Reliability

The Vietnam Data Center Market is infrastructure limitations and the reliability of power supply. While Vietnam has made significant progress in improving its infrastructure in recent years, challenges such as inadequate power grid capacity, outdated facilities, and unreliable power supply pose significant obstacles to the development and operation of data centers. Power outages and fluctuations are common occurrences in certain regions, leading to disruptions in data center operations and potential data loss. Moreover, the limited availability of high-quality infrastructure, including fiber-optic networks and cooling systems, can hamper the performance and reliability of data center facilities. As data centers require stable and uninterrupted power supply to ensure the continuous operation of critical systems and prevent costly downtime, addressing infrastructure limitations and enhancing power supply reliability are crucial for the sustainable growth of the Vietnam Data Center Market. To overcome this challenge, concerted efforts are needed to invest in upgrading and modernizing the country's infrastructure, including expanding power generation capacity, improving transmission and distribution networks, and implementing advanced cooling technologies to enhance energy efficiency and reduce environmental impact. Additionally, implementing redundant power systems, backup generators, and uninterruptible power supply (UPS) systems can help mitigate the risk of power disruptions and ensure the resilience of data center operations.

Data Security and Compliance Concerns

The Vietnam Data Center Market is data security and compliance concerns. With the increasing digitization of business processes and the growing volume of sensitive data being generated and stored, ensuring the security and integrity of data has become paramount for businesses and organizations. However, Vietnam faces challenges related to cybersecurity threats, data breaches, and regulatory compliance requirements, which pose risks to data center operators and their customers. Data centers are attractive targets for cybercriminals seeking to exploit vulnerabilities and gain unauthorized access to valuable information, leading to potential data theft, financial losses, and reputational damage. Moreover, data privacy regulations and compliance requirements, both domestically and internationally, impose stringent standards and obligations on data center operators regarding the collection, storage, and processing of personal and sensitive data. Ensuring compliance with these regulations, such as the General Data Protection Regulation (GDPR) and the Vietnamese Law on Cybersecurity, requires robust cybersecurity measures, data encryption, access controls, and regular audits and assessments. Additionally, fostering greater collaboration between government agencies, industry stakeholders, and cybersecurity experts can help address emerging threats, enhance cybersecurity awareness, and develop effective strategies to safeguard data assets and maintain regulatory compliance in the Vietnam Data Center Market.

Talent Shortage and Skills Gap

The Vietnam Data Center Market also faces challenges related to talent shortage and skills gap in the fields of data center management, network engineering, cybersecurity, and cloud computing. As the demand for data center services continues to grow, fueled by digital transformation initiatives and increasing reliance on technology, there is a growing need for skilled professionals capable of designing, building, operating, and securing data center infrastructure. However, Vietnam struggles with a shortage of qualified talent and a widening skills gap in critical areas of expertise, hindering the expansion and optimization of data center operations. Moreover, the rapid pace of technological advancements and evolving industry trends require continuous upskilling and training of existing workforce to keep pace with changing demands and emerging technologies. Addressing the talent shortage and skills gap in the Vietnam Data Center Market requires collaborative efforts from government, educational institutions, industry associations, and private sector organizations to develop and implement comprehensive workforce development programs, vocational training initiatives, and certification programs tailored to the specific needs of the data center industry. By investing in talent development and cultivating a skilled workforce, Vietnam can build a sustainable pipeline of qualified professionals capable of driving innovation, supporting business growth, and ensuring the competitiveness of the data center market.

Cost Pressures and Operational Efficiency

Cost pressures and operational efficiency concerns pose significant challenges to data center operators in Vietnam. Building and operating data centers entail substantial upfront investments in infrastructure, real estate, equipment, and technology, as well as ongoing operational expenses related to power consumption, cooling, maintenance, and staffing. Moreover, the competitive nature of the data center market and the commoditization of cloud services exert downward pressure on pricing, squeezing profit margins and challenging the sustainability of data center operations. Additionally, factors such as rising energy costs, inflation, currency fluctuations, and regulatory compliance requirements further contribute to cost pressures for data center operators. To remain competitive and sustainable in the face of these challenges, data center operators must focus on improving operational efficiency, optimizing resource utilization, and implementing cost-saving measures without compromising service quality and reliability. This may involve adopting energy-efficient technologies, leveraging automation and virtualization solutions, implementing best practices in data center design and management, and exploring innovative business models such as colocation, managed services, and cloud-based offerings. Furthermore, exploring opportunities for renewable energy sources, such as solar and wind power, can help reduce energy costs and environmental impact, while enhancing the sustainability of data center operations in Vietnam. By addressing cost pressures and enhancing operational efficiency, data center operators can mitigate financial risks, improve profitability, and position themselves for long-term success in the dynamic and competitive Vietnam Data Center Market.

Key Market Trends

Adoption of Edge Computing Technologies

The Vietnam Data Center Market is the increasing adoption of edge computing technologies. Edge computing involves processing data closer to the source of generation, such as IoT devices, sensors, and mobile devices, rather than relying solely on centralized data centers. This distributed computing paradigm offers several advantages, including reduced latency, improved bandwidth efficiency, enhanced data privacy, and real-time data processing capabilities. As Vietnam experiences rapid urbanization, digitalization, and the proliferation of smart devices and IoT applications, the demand for edge computing solutions is on the rise. Edge computing enables organizations to deliver low-latency, high-performance services and applications, making it ideal for latency-sensitive use cases such as autonomous vehicles, augmented reality, and industrial automation. Moreover, edge computing helps alleviate network congestion and bandwidth limitations by offloading processing tasks to edge devices, resulting in a more efficient and responsive digital infrastructure. In response to these trends, data center operators in Vietnam are increasingly deploying edge computing nodes and micro data centers at the network edge to support emerging applications and deliver superior user experiences. This shift towards edge computing is expected to drive investments in edge infrastructure, edge data centers, and edge computing services, shaping the future landscape of the Vietnam Data Center Market.

Hybrid Multi-Cloud Adoption

The Vietnam Data Center Market is the growing adoption of hybrid multi-cloud architectures by enterprises. Hybrid multi-cloud environments combine private cloud, public cloud, and on-premises infrastructure to create a flexible and scalable IT infrastructure that meets the diverse needs of businesses. With the proliferation of cloud computing services and the increasing complexity of IT environments, enterprises in Vietnam are leveraging hybrid multi-cloud strategies to optimize workloads, improve agility, and enhance cost efficiency. By leveraging the strengths of multiple cloud platforms and data center resources, organizations can achieve greater resilience, scalability, and flexibility while minimizing vendor lock-in and maximizing resource utilization. Additionally, hybrid multi-cloud architectures enable businesses to leverage the best-of-breed technologies and services from different cloud providers, tailoring their IT infrastructure to meet specific business requirements and regulatory compliance standards. As enterprises continue to embrace digital transformation initiatives and migrate their workloads to the cloud, the demand for hybrid multi-cloud solutions and services is expected to grow, driving investments in cloud-native technologies, connectivity solutions, and managed services in the Vietnam Data Center Market.

Focus on Sustainability and Green Data Centers

Sustainability and environmental stewardship have emerged as key priorities in the Vietnam Data Center Market, driving the adoption of green data center technologies and practices. With increasing awareness of climate change and the environmental impact of data center operations, businesses and data center operators in Vietnam are increasingly seeking to reduce their carbon footprint and minimize energy consumption. Green data center technologies, such as energy-efficient cooling systems, server virtualization, and renewable energy sources, are being deployed to improve energy efficiency, reduce operating costs, and lower greenhouse gas emissions. Moreover, initiatives such as the Green Data Center Program launched by the Vietnamese government aim to promote the adoption of energy-efficient technologies and best practices among data center operators, incentivizing investments in sustainable infrastructure and eco-friendly operations. As sustainability becomes a key differentiator and competitive advantage for data center providers, there is growing momentum towards the development of green data centers in Vietnam. These facilities are designed to minimize environmental impact while delivering high-performance computing capabilities and reliable services to customers. By prioritizing sustainability and green initiatives, data center operators can enhance their corporate social responsibility efforts, attract environmentally-conscious customers, and contribute to the overall sustainability goals of the Vietnam Data Center Market.

Increased Focus on Cybersecurity and Data Protection

Cybersecurity and data protection have become top priorities for organizations in the Vietnam Data Center Market, driven by the escalating threat landscape and the growing regulatory scrutiny around data privacy and security. With the rise of cyberattacks, data breaches, and ransomware incidents, businesses are investing heavily in cybersecurity measures to safeguard their sensitive information and mitigate security risks. Data center operators play a critical role in ensuring the security and integrity of data stored and processed within their facilities, making cybersecurity a fundamental aspect of data center operations. In response to these challenges, data center operators in Vietnam are implementing robust cybersecurity measures, including network segmentation, encryption, access controls, threat detection, and incident response protocols, to protect against cyber threats and unauthorized access. Moreover, compliance with data protection regulations, such as the Vietnamese Law on Cybersecurity and international standards such as ISO/IEC 27001, is becoming increasingly important for data center operators to maintain customer trust and regulatory compliance. As organizations continue to digitize their operations and embrace cloud computing, the demand for cybersecurity solutions and services is expected to grow, driving investments in advanced security technologies, managed security services, and security operations centers (SOCs) in the Vietnam Data Center Market.

Embrace of Artificial Intelligence and Automation

Artificial intelligence (AI) and automation are reshaping the Vietnam Data Center Market, revolutionizing data center operations, management, and optimization. With the proliferation of data generated by digital applications and IoT devices, data center operators are turning to AI and machine learning (ML) algorithms to extract insights, optimize resource allocation, and improve operational efficiency. AI-powered analytics tools can analyze vast amounts of data in real-time, enabling predictive maintenance, proactive fault detection, and performance optimization in data center infrastructure. Moreover, automation technologies such as robotic process automation (RPA), software-defined networking (SDN), and infrastructure as code (IaC) are streamlining data center management tasks, reducing manual intervention, and accelerating the deployment of IT resources. By embracing AI and automation, data center operators in Vietnam can enhance agility, scalability, and reliability, while reducing operational costs and maximizing resource utilization. Furthermore, AI-driven insights and automation capabilities enable data.

Segmental Insights

Solution Insights

The IT Infrastructure segment dominated the Vietnam Data Center Market and is expected to maintain its dominance during the forecast period. This leadership is primarily driven by the escalating demand for advanced computing capabilities, data storage solutions, and robust networking systems, which form the backbone of modern data centers. As businesses across Vietnam increasingly adopt digital transformation strategies, the need for scalable and efficient IT infrastructure has surged. Companies are investing heavily in high-performance servers, advanced storage systems, and cutting-edge networking equipment to support their growing data needs and ensure seamless operations. Moreover, the rapid proliferation of cloud computing, big data analytics, artificial intelligence (AI), and Internet of Things (IoT) applications is further fueling the demand for sophisticated IT infrastructure. These technologies require substantial computing power and storage capacities, pushing data centers to upgrade and expand their IT infrastructure continuously. Additionally, the influx of global cloud service providers and multinational tech firms establishing data centers in Vietnam has significantly bolstered the IT infrastructure segment. These companies bring state-of-the-art technology and best practices, setting high standards and driving the local market towards advanced IT solutions. The Vietnamese government's supportive policies, including tax incentives and investments in digital infrastructure, also play a crucial role in enhancing the IT infrastructure landscape. Furthermore, the growing emphasis on data security and regulatory compliance necessitates the adoption of robust IT infrastructure to protect sensitive information and ensure regulatory adherence. As enterprises prioritize data protection and cybersecurity, the demand for secure and reliable IT infrastructure continues to rise. The ongoing developments in 5G technology and edge computing also contribute to the segment's dominance, as they require highly efficient IT infrastructure to handle increased data traffic and support real-time processing capabilities. Given these factors, the IT Infrastructure segment is well-positioned to lead the Vietnam Data Center Market, driven by continuous technological advancements, expanding digital ecosystems, and increasing investments from both domestic and international stakeholders. This trend is expected to persist, ensuring the segment's prominence throughout the forecast period.

End User Industry Insights

The IT & Telecom segment dominated the Vietnam Data Center Market and is expected to maintain its dominance during the forecast period. This segment's leadership is driven by the exponential growth in digital connectivity and data consumption, which are central to the IT and telecommunications industries. The proliferation of smartphones, increased internet penetration, and the adoption of 5G technology have significantly elevated the demand for data center services within the IT & Telecom sector. Telecommunications companies require robust and scalable data center infrastructure to support vast amounts of data traffic, ensure network reliability, and deliver seamless digital services to consumers. The rollout of 5G networks, in particular, necessitates extensive data center capabilities to manage the enhanced data loads and low latency requirements associated with advanced mobile services. The rapid digital transformation across various business operations has compelled IT companies to expand their data center capacities. Enterprises are increasingly adopting cloud computing, big data analytics, artificial intelligence (AI), and Internet of Things (IoT) applications, all of which demand significant data processing and storage capabilities. IT companies, therefore, invest heavily in state-of-the-art data center infrastructure to support these advanced technologies, driving the growth of the IT & Telecom segment. The Vietnamese government's initiatives to promote digital economy and smart cities further bolster the IT & Telecom segment. Policies and incentives aimed at enhancing digital infrastructure, coupled with strategic investments in technology parks and innovation hubs, create a favorable environment for IT and telecom companies to expand their data center operations. Additionally, the entry and expansion of global tech giants and cloud service providers in Vietnam amplify the demand for advanced data center solutions tailored to meet the specific needs of the IT & Telecom sector. While other segments such as BFSI (Banking, Financial Services, and Insurance), Government, and Healthcare are also growing due to increasing digitalization and data management needs, the IT & Telecom sector's continuous innovation and high data consumption levels ensure its dominance. The sector's critical role in driving technological advancements and digital services across the economy positions it as a cornerstone of the data center market. As the demand for high-speed internet, cloud services, and digital applications continues to rise, the IT & Telecom segment is set to lead the Vietnam Data Center Market, leveraging ongoing technological progress and strategic investments to sustain its growth trajectory.

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Regional Insights

  • Southern Vietnam dominated the Vietnam Data Center Market and is expected to maintain its dominance during the forecast period. This region's leadership is primarily driven by several key factors that uniquely position it as a hub for data center activities. Southern Vietnam, particularly Ho Chi Minh City, serves as the economic and financial center of the country, hosting a large concentration of businesses, multinational corporations, and technology firms. These enterprises demand robust data center infrastructure to support their digital operations, including data storage, processing, and networking capabilities. Moreover, Southern Vietnam benefits from extensive connectivity and transportation networks, making it an attractive location for data center investments. The region boasts well-developed telecommunications infrastructure, including high-speed internet connectivity and reliable power supply, essential for data center operations. Additionally, Ho Chi Minh City's status as a major international gateway and trade hub further enhances its appeal to global data center providers seeking to establish a presence in Vietnam. Furthermore, the region's favorable business environment, supportive government policies, and incentives for high-tech industries contribute to its dominance in the data center market. The Vietnamese government's initiatives to promote digital transformation and smart city development also play a significant role in driving data center investments in Southern Vietnam. As the demand for digital services continues to rise, fueled by factors such as e-commerce growth, cloud adoption, and digitalization across various sectors, Southern Vietnam is poised to maintain its position as the leading region for data center development. While Northern and Central Vietnam also contribute to the data center market, Southern Vietnam's established infrastructure, strong business ecosystem, and strategic advantages ensure its continued dominance in the foreseeable future. As data volumes increase and technological advancements drive the need for advanced data center solutions, Southern Vietnam's leadership in the data center market is expected to remain unchallenged, cementing its status as the preferred destination for data center investments in Vietnam.

Recent Developments

In 2024, Alibaba Group Holding Ltd. announced plans to construct a data center in Vietnam to comply with the country's cybersecurity regulations. The move aims to adhere to laws mandating foreign tech firms to store user data locally. Alibaba's decision underscores its strategic focus on Southeast Asia's growing market potential and aligns with its global expansion strategy in cloud computing and digital services.

Key Market Players

  • Equinix Inc.
  • Digital Realty Trust Inc.
  • NTT Communications Corporation
  • Global Switch Limited
  • Telstra Corporation Limited
  • CyrusOne LLC
  • Kyndryl Inc.
  • KDDI Corporation
  • STT GDC Pte Ltd
  • CenturyLink, Inc.

By Solution

 By Type

By End User Industry

By Region

  • IT Infrastructure
  • General Infrastructure
  • Mechanical Infrastructure
  • Other Infrastructure
  • Corporate
  • Web Hosting
  • IT & Telecom
  • BFSI
  • Government
  • Healthcare
  • Southern Vietnam
  • Northern Vietnam
  • Central Vietnam

Report Scope:

In this report, the Vietnam Data Center Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Data Center Market, By Solution:

o   IT Infrastructure

o   General Infrastructure

o   Mechanical Infrastructure

o   Other Infrastructure

  • Vietnam Data Center Market, By Type:

o   Corporate

o   Web Hosting

  • Vietnam Data Center Market, By End User Industry:

o   IT & Telecom

o   BFSI

o   Government

o   Healthcare

  • Vietnam Data Center Market, By Region:

o   Southern Vietnam

o   Northern Vietnam

o   Central Vietnam   

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Vietnam Data Center Market.

Available Customizations:

Vietnam Data Center Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Vietnam Data Center Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Technology Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Vietnam Data Center Market

5.         Voice of Customer

6.         Vietnam Data Center Market Overview

7.         Vietnam Data Center Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Solution (IT Infrastructure, General Infrastructure, Mechanical Infrastructure, Other Infrastructure)

7.2.2.By Type (Corporate, Web Hosting)

7.2.3.By End User Industry (IT & Telecom, BFSI, Government, Healthcare)

7.2.4.By Region (Southern Vietnam, Northern Vietnam, Central Vietnam)

7.3.    By Company (2023)

7.4.    Market Map

8.         Southern Vietnam Data Center Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Solution

8.2.2.By Type

8.2.3.By End User Industry

9.         Northern Vietnam Data Center Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Solution

9.2.2.By Type

9.2.3.By End User Industry

10.      Central Vietnam Data Center Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.   By Solution

10.2.2.   By Type

10.2.3.   By End User Industry

11.      Market Dynamics

11.1. Drivers

11.2. Challenges

12.      Market Trends and Developments

13.      Vietnam Economic Profile

14.      Company Profiles

14.1.  Equinix Inc.

14.1.1.   Business Overview

14.1.2.   Key Revenue and Financials 

14.1.3.   Recent Developments

14.1.4.   Key Personnel/Key Contact Person

14.1.5.   Key Product/Services Offered

14.2.  Digital Realty Trust Inc.

14.2.1.   Business Overview

14.2.2.   Key Revenue and Financials 

14.2.3.   Recent Developments

14.2.4.   Key Personnel/Key Contact Person

14.2.5.   Key Product/Services Offered

14.3.  NTT Communications Corporation

14.3.1.   Business Overview

14.3.2.   Key Revenue and Financials 

14.3.3.   Recent Developments

14.3.4.   Key Personnel/Key Contact Person

14.3.5.   Key Product/Services Offered

14.4.  Global Switch Limited

14.4.1.   Business Overview

14.4.2.   Key Revenue and Financials 

14.4.3.   Recent Developments

14.4.4.   Key Personnel/Key Contact Person

14.4.5.   Key Product/Services Offered

14.5.  Telstra Corporation Limited

14.5.1.   Business Overview

14.5.2.   Key Revenue and Financials 

14.5.3.   Recent Developments

14.5.4.   Key Personnel/Key Contact Person

14.5.5.   Key Product/Services Offered

14.6.  CyrusOne LLC

14.6.1.   Business Overview

14.6.2.   Key Revenue and Financials 

14.6.3.   Recent Developments

14.6.4.   Key Personnel/Key Contact Person

14.6.5.   Key Product/Services Offered

14.7.  Kyndryl Inc.

14.7.1.   Business Overview

14.7.2.   Key Revenue and Financials 

14.7.3.   Recent Developments

14.7.4.   Key Personnel/Key Contact Person

14.7.5.   Key Product/Services Offered

14.8.  KDDI Corporation

14.8.1.   Business Overview

14.8.2.   Key Revenue and Financials 

14.8.3.   Recent Developments

14.8.4.   Key Personnel/Key Contact Person

14.8.5.   Key Product/Services Offered

14.9.  STT GDC Pte Ltd

14.9.1.   Business Overview

14.9.2.   Key Revenue and Financials 

14.9.3.   Recent Developments

14.9.4.   Key Personnel/Key Contact Person

14.9.5.   Key Product/Services Offered

14.10.   CenturyLink, Inc.

14.10.1.                Business Overview

14.10.2.                Key Revenue and Financials 

14.10.3.                Recent Developments

14.10.4.                Key Personnel/Key Contact Person

14.10.5.                Key Product/Services Offered

15.      Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions


The market size of the Vietnam Data Center Market was USD 714 Million in 2023.


The dominant segment by End User Industry in the Vietnam Data Center market in 2023 was the IT & Telecom segment.


Southern Vietnam dominated the market in 2023 due to its status as the economic and financial center, extensive telecommunications infrastructure, and concentration of businesses, driving the demand for data center services in cities like Ho Chi Minh City.


Major drivers for the Vietnam Data Center Market include rapid digital transformation, rising internet penetration and mobile connectivity, government initiatives promoting the digital economy, adoption of cloud computing and hybrid IT, and increasing demand for data storage and processing capabilities.


Sakshi Bajaal

Business Consultant
Press Release

Vietnam Data Center Market Expands with BFSI Segment at a robust CAGR

May, 2024

The Vietnam Data Center Market is rising due to rapid digital transformation, increasing internet penetration, government initiatives, cloud adoption, and growing data storage demands 2025-2029F