Vietnam Data Centre Market Report and Forecast 2024-2032

Vietnam Data Centre Market Size

The Vietnam data centre market reached approximately 162.40 MW in 2023. The market is projected to grow at a CAGR of 7.6% between 2024 and 2032, reaching a volume of around 313.98 MW by 2032.

Vietnam Data Centre Market Outlook

• The inaugural National Data Centre (NDC1) is set to be established within the premises of Hoa Lac High-Tech Park in Hanoi City as part of the National Data Centre Project.

• On April 10, 2024, Viettel, The Military Industry and Telecoms Group headquartered in Vietnam inaugurated the 4th Data Centre (DC) at Hoa Lac High-Tech Park.

• Vietnam is home to 22 data centres spread across three cities, namely Ho Chi Minh City, Hanoi, and Da Nang, as reported by Data Centre Map.

Vietnam Data Centre Market Growth

Vietnam is experiencing significant investments in the IT and telecom sectors, resulting in the establishment of new data centres. The digital transformation of Vietnam is being significantly driven by the telecommunications sector. The information and communications technology (ICT) sector, including telecommunications, is projected to grow at a CAGR of around 1 per cent from 2021 to 2027. The sector is expected to expand further due to the increased demand for internet and telecommunication services, resulting from the digital transformation of businesses. In 2021, there were 71 million mobile broadband subscribers and nearly 19 million fixed band subscribers, representing a 4 per cent and 14.6 per cent year-on-year increase, respectively.

The use of cloud computing services is increasing in Vietnam, leading to the expansion of data centres to accommodate these services. Vietnam's cloud computing market is smaller than that of the Philippines and Indonesia, but it is experiencing the highest growth rate in Southeast Asia and is ranked third in Asia. Moreover, the rise of big data analytics and Internet of Things (IoT) applications requires extensive data storage and processing capabilities, consequently leading to market expansion. The market in Vietnam is dominated by four key domestic providers - Viettel, VNPT, FPT, and CMC - collectively holding around 97% of the market share.

Vietnam Data Centre Industry Segmentation

“Vietnam Data Centre Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

• Solution

• Services

Market Breakup by IT Infrastructure

• Network

• Server

• Storage

Market Breakup by Type

• Cloud Data Centre

• Colocation Data Centre

• Enterprise Data Centre

• Hyperscale Data Centre

• Others

Market Breakup by Construction

• New Data Centre

• Rebuild Data Centre

Market Breakup by Industry

• BFSI

• Healthcare

• Government and Defence

• Manufacturing

• IT and Telecom

• Retail

• Energy

• Others

Market Breakup by Region

• Southeast

• Red River Delta

• Mekong River Delta

• South Central Coast

• Others

Vietnam Data Centre Market Share

Based on the construction, the market is segmented into new data centre and rebuild data centre. New data centres are projected to grow at a CAGR of 8.7% between 2024 and 2032. The demand for new data centres is being driven primarily by the global push towards digitalisation across various sectors. Strong data centre infrastructure is becoming more and more necessary as businesses move to digital platforms and cloud-based solutions.

Leading Companies in the Vietnam Data Centre Market

The market players are focusing on high-performance computing and the adoption of the latest technologies to gain a competitive edge.

• CMC Telecom

• FPT Telecom JSC

• CHT Company Limited

• VNPT Group

• KDDI Corporation

• Others

Key Highlights of the Report

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