Vietnam attracts major data centre investment

Vietnam attracts major data centre investment

Hong Kong-based real estate private equity firm Gaw Capital Partners has announced that the firm has completed the acquisition of greenfield land located in Saigon Hi-Tech Park for development into a carrier neutral Tier III Data Centre.

Situated 15 km northeast of Ho Chi Minh City and adjacent to the Hanoi Highway, the site is strategically located in an internet data centre (IDC) cluster within Saigon Hi-Tech Park, with a site area of 6,056 square metres. The property is close to a new metro station which is under development with a target opening date of 2023. The construction of this IDC project is expected to be completed by 2024.

With this land, Gaw Capital plans to develop a data centre with a total gross floor area of 18,168 square metres and IT capacity of 20 MW. The project, says Gaw, will adhere to progressive environmental, social, and governance (ESG) objectives and will aim to promote sustainable business growth, as well as foster community engagement and creativity.

A Gaw Capital spokesperson says that the company aims to become the industry-leading IDC investor in Vietnam and adds that with Ho Chi Minh City developing as a key data centre market in Southeast Asia, it will continue to look for new investment opportunities and partnerships in the country, which is one of the fastest-growing regions in Southeast Asia.

Following this announcement, Gaw Capital says its data centre platform now comprises data centres located in China, Indonesia, Japan, South Korea and Vietnam.

Vietnam certainly seems to be attracting diverse players in the data centre market. It’s been a little over a month since we reported that Australia’s Edge Centres, which provides self-powered off-grid data centres, is adding Vietnam to its portfolio.

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