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The Vietnam Data Center Market report segments the industry into Hotspot (Hanoi, Ho Chi Minh City, Others, Rest of Vietnam), Data Center Size (Large, Massive, Medium, Mega, Small), Tier Type (Tier 1 and 2, Tier 3, Tier 4), and Absorption (Non-Utilized, Utilized). Get five years of historical data alongside five-year market forecasts.
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The Vietnam data center market will witness investments of USD 1.75 billion by 2030, growing at a CAGR of 17.93% during the forecast period.
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Vietnam Data Center Power Market is Segmented by Component (Electrical Solutions, Services), Data Center Type (Hyperscaler/Cloud Service Providers, Colocation Providers, and More), Data Center Size (Small Size Data Centers, Medium Size Data Centers, Large Size Data Centers and More), Tier Type (Tier I and II, Tier III, Tier IV). The Market Forecasts are Provided in Terms of Value (USD)
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Vietnam Data Center Construction Market Report Segments the Industry Into Infrastructure (By Electrical Infrastructure, by Mechanical Infrastructure, General Construction), by Tier Type (Tier 1 and 2, Tier 3, Tier 4), by Data Center Type (Colocation, Self-Built Hyperscalers (CSPs) and More). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.
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The size of the Vietnam Data Center Construction market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 8.84% during the forecast period.Vietnamese data center construction market accelerates growth in the demand for cloud services and Vietnam's fast-scale digital transformation are what will propel the market in this country. In many cases, a data center consists of computer systems and networking hardware. They are engineered to provide safe, secure, and reliable storage, processing, and delivery of information and play a very important role in support for such industries like finance, healthcare, education, and commerce. These enabling policies by the Vietnamese government to develop digital infrastructure, strategic geographic locations, and relatively low labor costs attracted global technology giants, as well as local players' attention. Currently, the country has become one of the significant regional powerhouses in constructing data centers in Southeast Asia. Besides this, strong penetration of cloud computing, IoT, and big data analytics applications is also contributing to demand for capacity in Vietnam's data centers. Digital economy services and e-government services initiatives would energize growth in the data center construction market over the next few years, apart from this. Recent developments include: September 2021: Viettel jointly conducted trials with Samsung in Da Nang, in early September 2021. Viettel partnered with Ericsson and Qualcomm to test and achieve 5G data transmission speeds over 4.7 Gbps., September 2021: VNPT upgraded its backbone and core networks, and developed 4G, 5G, and M2M/IoT platforms. It conducted commercial tests of 5G services and signed an agreement with Nokia to develop and apply new networking technologies.. Key drivers for this market are: Increased Migration to Cloud-based Business Operations, Rise of Green Data Centers; Government Support in the Form of Tax Incentives for Development of Data Centers. Potential restraints include: Higher Initial Investments and Low Availability of Resources. Notable trends are: Tier 3 is the Largest Tier Type.
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The Vietnam data center colocation market size was valued at USD 125 million in 2023 and is expected to reach USD 235 million by 2029, growing at a CAGR of 11.09%.
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The size of the Vietnam Data Center market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 15.20% during the forecast period.A data center is a facility that offers computing systems and networking equipment used in the storage, processing, and transmission of data. These places provide the infrastructure needed by many organizations to carry out their IT operations, such as web hosting, email servers, and database servers. Data centers are critical for companies ranging from small startups to big businesses since they can guarantee business digital transformation and facilitate the implementation of critical business applications.Increasing numbers of people are going to browse over the internet and e-commerce increase across various corners of the country, also has had increased data center adoption due to governments forcing digital transformation. The digital demand for data center services due to Vietnamese businesses and more individuals embracing digital technologies goes up. The government provides policy support, such as allowing and establishing special economic zones or industrial parks, and brings in foreign investment in terms of the data center sectors.Markets will have large-scale, carrier-neutral data centers, which will deliver strong redundancy, high security and good connectivity. Data centers are designed with these requirements in view in support of the growing demand both for domestic and international firms that operate in Vietnam as it strengthens its digital infrastructure by attracting global technology companies and as such, it can expect the Vietnam data center market to continue growth. Recent developments include: September 2021: Viettel jointly conducted trials with Samsung in Da Nang. In early September 2021, Viettel partnered with Ericsson and Qualcomm to test and achieve 5G data transmission speeds over 4.7 Gbps.September 2021: VNPT upgraded its backbone and core networks, developed 4G, 5G and M2M/IoT platforms, conducted commercial tests of 5G services, and signed an agreement with Nokia to develop and apply new networking technologies.September 2019: In September 2019, HTC-ITC signed a contract with Delta Thailand to deploy a data center which complies with the Uptime Institute’s Tier 3 standards of Tier Certification of Data Center (TCDD) and Tier Certification of Constructed Data Center Facility (TCCF).. Key drivers for this market are: Increasing Need for Securing Confidential Data and Protection Against Data Loss, Growing Demand for Improving Archived Content across Channels; Ongoing efforts to promote Digitization at Workplaces. Potential restraints include: Transition from Legacy Systems Chips, Customization Challenges Leading to Implementation Issues. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
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The Vietnam Data Center Cooling Market report segments the industry into By Cooling Technology (Air-based Cooling, Liquid-based Cooling), By Type of Data Center (Hyperscale (Owned and Leased), Enterprise (On-premise), Colocation), and By End-user Industry (IT and Telecom, Retail and Consumer Goods, Healthcare, Media and Entertainment, Federal and Institutional Agencies, Other End-user Industries).
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Get expert insights on Vietnam Data Center Market, size at USD 2.5 billion in 2023, showcasing revenue trends and major players.
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The Vietnam data center storage market was valued at USD 198.25 Million in 2024. The industry is expected to grow at a CAGR of 4.80% during the forecast period of 2025-2034 to attain a valuation of USD 316.83 Million by 2034.
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Vietnam Data Center Construction Market Size was valued at USD 0.79 Billion in 2024 and is projected to reach USD 1.33 Billion by 2032, growing at a CAGR of 6.7% from 2026 to 2032.
Key Market Drivers:
Government Support for Digital Transformation: The Vietnamese government's commitment to digital transformation is driving the data center construction market. Hanoi inaugurated its Core Data Centre Infrastructure in December 2024, bolstering digital government initiatives. The Ministry of Information and Communications aims to have 100,000 digital technology firms by 2025, with at least 10 generating over $1 billion in revenue.
Rising Demand for Cloud Services: The Vietnam cloud market is expected to reach $1.24 trillion by 2027, driven by the growing adoption of cloud computing services. This growth is driving the development of advanced data centers to support sectors like healthcare, education, and finance.
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The Vietnam data centre market reached approximately 162.40 MW in 2024. The market is projected to grow at a CAGR of 7.60% between 2025 and 2034, reaching a volume of around 337.84 MW by 2034.
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Gain insights into the Vietnam Data Center Storage Market, size at USD 512.97 billion in 2023, showcasing industry trends and opportunities.
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The Vietnam Data Center Power report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.
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The Vietnam Data Center report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.
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Vietnam Data Centers Portfolio Covers 26 Existing Data Centers and 17 Upcoming Data Centers.
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The Vietnam data center rack market attained a volume of 33.13 Thousand Units in 2024. The industry is expected to grow at a CAGR of 7.40% during the forecast period of 2025-2034 to attain a volume of 67.65 Thousand Units by 2034.
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The Vietnam data center rack market is experiencing robust growth, driven by the increasing adoption of cloud computing, big data analytics, and the expansion of digital infrastructure across various sectors. The market, valued at approximately $XX million in 2025 (assuming a logical extrapolation based on the provided CAGR of 7.70% and a known value for a prior year – if that prior year's value were provided, a more precise figure could be calculated), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7.70% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the burgeoning IT and telecommunication sector in Vietnam is a major driver, demanding high-capacity data center infrastructure to support its expansion. Secondly, the financial services, BFSI, and government sectors are increasingly investing in data center modernization to enhance operational efficiency and security. Thirdly, the growth of the media and entertainment industry, coupled with the rising adoption of digital services across all sectors, is significantly contributing to the market's expansion. The market is segmented by rack size (quarter, half, and full rack) and end-user industry. Full rack solutions are likely to dominate due to their higher capacity and suitability for large-scale data centers. However, the market's growth is not without its challenges. Potential restraints include the relatively high initial investment costs associated with setting up and maintaining data centers, as well as potential limitations in skilled workforce availability. Nevertheless, government initiatives promoting digital transformation and attracting foreign investment in the technology sector are expected to mitigate these challenges. Key players such as Eaton Corporation, Rittal GMBH & Co KG, Schneider Electric SE, Vertiv Group Corp, Dell Inc, and others are actively competing in the market, offering a wide range of rack solutions tailored to meet diverse customer needs. The competitive landscape is expected to remain dynamic, with ongoing innovation in rack technology and strategic partnerships playing significant roles in shaping the market's future trajectory. The forecast period from 2025 to 2033 presents considerable opportunities for market expansion, making Vietnam a promising investment destination for data center infrastructure providers. Recent developments include: January 2023: Asia Direct Cable (ADC) Lands the Hong Kong Segment at SUNeVision's Cable Landing Station. The ADC is a 9,600-kilometer submarine cable linking Hong Kong with mainland China, Japan, the Philippines, Singapore, Thailand, and Vietnam., May 2022: Australian Edge data center firm Edge Centres announced a new facility in Ho Chi Minh City, Vietnam. There were just under 1 MW of solar infrastructure, 48 hours of battery and UPS backup, and 64 1 kW of quarter rack capacity in each facility.. Key drivers for this market are: The Increasing Investments for the Expansion of 5G Network by Operators, Fiber Connectivity Network Expansion in the Country. Potential restraints include: The Increasing Investments for the Expansion of 5G Network by Operators, Fiber Connectivity Network Expansion in the Country. Notable trends are: IT & Telecom segment is expected to account for the highest market share among the end-user industries..
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Vietnam Data Center Storage Market Report Segments the Industry Into Storage Technology (Network Attached Storage (NAS), and More), Storage Type (Traditional Storage, and More), Data Center Type (Colocation Facilities and More), Form Factor(Rack-Mounted and More), Interface(sas / SATA, and More)and End User (IT and Telecommunication, and More). The Market Forecasts are Provided in Terms of Value (USD).
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The Vietnam Data Center Power Market is poised to exhibit a substantial CAGR of 6.84% during the forecast period of 2025-2033. The market size was valued at USD 397.10 million in 2025 and is projected to reach USD 654.95 million by 2033. Key drivers of this growth include the rapidly expanding IT and telecommunications sector in Vietnam, rising demand for data storage and processing, and increasing adoption of cloud computing and virtualization technologies. Major trends shaping the market include the growing popularity of modular data centers, which offer increased flexibility and scalability, and the emergence of renewable energy sources, such as solar and wind power, as sustainable alternatives to traditional power generation methods. However, challenges such as rising energy costs and stringent environmental regulations may hinder market growth to some extent. The market is segmented based on power infrastructure, service, and end-user, with the IT & telecommunication sector accounting for a significant share of the market. Leading companies in the market include Fujitsu Limited, Caterpillar Inc, Rolls-Royce PLC, Eaton Corporation, and Schneider Electric SE. Vietnam's data center power market is poised for significant growth in the coming years, driven by the increasing adoption of cloud computing, big data analytics, and artificial intelligence. The market is expected to grow from USD 250 million in 2023 to USD 650 million by 2028, at a CAGR of 15.2%. Recent developments include: January 2024: Vertiv announced plans to double its manufacturing capacity for busway, switchgear, and integrated modular solutions (IMS) by 2025. The expansion plans include increasing the utilization and footprint in the United Arab Emirates, Ireland, South Carolina (United States), Mexico, Slovakia, and Northern Ireland., December 2023: Eaton, an intelligent power management company, announced the launch of its new Rack PDU G4 (4th generation), which provides high security and a business continuity data center. It also combines with C39 outlets that securely connect both C14 and C20 power cords, backed by a locking mechanism and a built-in high retention system that secures the power cord.. Key drivers for this market are: Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Potential restraints include: High Cost of Installation and Maintenance. Notable trends are: IT & Telecommunication Segment Holds Major Share in the Market.
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The Vietnam Data Center Market report segments the industry into Hotspot (Hanoi, Ho Chi Minh City, Others, Rest of Vietnam), Data Center Size (Large, Massive, Medium, Mega, Small), Tier Type (Tier 1 and 2, Tier 3, Tier 4), and Absorption (Non-Utilized, Utilized). Get five years of historical data alongside five-year market forecasts.