Vietnam Data Center Accelerator Market Size, Share, Trends and Forecast by Accelerator Type, Processor Type, Application, and Region, 2026-2034

Vietnam Data Center Accelerator Market Summary:

The Vietnam data center accelerator market size reached USD 123.97 Million in 2025. The market is projected to reach USD 799.50 Million by 2034, growing at a CAGR of 23.01% during 2026-2034. The market is driven by the government's progressive regulatory reforms enabling full foreign ownership of data centers, the accelerated development of artificial intelligence (AI)-ready infrastructure with partnerships from global technology leaders, and the rapid expansion of Vietnam's digital economy fueled by increasing cloud computing adoption across enterprises. Additionally, strategic investments in graphics processing unit (GPU)-equipped facilities are expanding the Vietnam data center accelerator market share.

Vietnam Data Center Accelerator Market Outlook (2026-2034):

The Vietnam data center accelerator market is positioned for substantial expansion, propelled by the government's strategic removal of foreign ownership restrictions and aggressive development of AI-ready infrastructure equipped with advanced GPU clusters. Strong partnerships between Vietnamese technology enterprises and global leaders like NVIDIA are establishing Vietnam as a regional AI development hub, while increasing demand for high-performance computing from cloud service providers and enterprises pursuing digital transformation initiatives continues to drive infrastructure investments across the forecast period.

Impact of AI:

AI is fundamentally reshaping Vietnam's data center accelerator market by driving unprecedented demand for high-performance computing infrastructure. The deployment of AI-ready facilities equipped with advanced GPU clusters, strategic partnerships between Vietnamese enterprises and global technology leaders like NVIDIA, and the government's national AI strategy are accelerating the adoption of data center accelerators. Major telecommunications companies are investing billions in AI infrastructure, with initiatives such as Viettel's supercomputing projects featuring thousands of GPUs and NVIDIA's establishment of Vietnam's first AI Research and Development Center, positioning the country as an emerging hub for AI development in Southeast Asia.

Market Dynamics:

Key Market Trends & Growth Drivers:

Government Policy Reforms and Foreign Investment Liberalization

Vietnam's data center accelerator market is experiencing transformative growth driven by landmark regulatory reforms that have fundamentally reshaped the investment landscape. The government's recognition of data infrastructure as a national strategic priority has led to comprehensive policy changes designed to attract international capital and expertise. These reforms address longstanding barriers that previously constrained foreign participation in the technology sector, enabling Vietnam to compete more effectively with established regional data center hubs. The removal of ownership restrictions represents a calculated strategy to accelerate infrastructure development and technology transfer, positioning Vietnam as an attractive destination for global technology companies seeking to expand their presence in Southeast Asia. This policy evolution aligns with Vietnam's broader economic transformation agenda, which emphasizes digital economy development, technology sector advancement, and integration into global supply chains. The regulatory framework now provides unprecedented flexibility for international operators to establish wholly-owned subsidiaries, simplify licensing procedures, and benefit from streamlined administrative processes. These changes are particularly significant given the capital-intensive nature of data center accelerator infrastructure, which requires substantial upfront investment in specialized equipment, cooling systems, and power infrastructure. The Vietnamese government's commitment to maintaining policy stability and providing long-term investment certainty has been instrumental in attracting major global technology companies and venture capital firms. In 2024, Vietnam's Telecommunications Law came into effect, removing the previous 49% cap on foreign ownership of data centers, allowing foreign companies to fully own and operate data center facilities. This regulatory breakthrough has attracted significant international investment and positioned Vietnam as an increasingly competitive destination for data center development in Southeast Asia.

Accelerated AI Infrastructure Development and Technology Integration

The Vietnam data center accelerator market growth is propelled by intensive investments in AI infrastructure that are establishing Vietnam as an emerging regional hub for AI development and deployment. Major telecommunications companies and technology enterprises are making substantial capital commitments to construct purpose-built facilities designed to handle the demanding computational requirements of machine learning workloads, large language models, and generative AI applications. These investments encompass not only physical infrastructure but also strategic partnerships with global technology leaders that provide access to cutting-edge GPU architectures, software frameworks, and technical expertise. The development of AI-ready data centers represents a significant departure from traditional infrastructure approaches, requiring specialized cooling systems capable of managing the thermal loads generated by dense GPU clusters, high-bandwidth networking infrastructure to facilitate rapid data transfer between compute nodes, and advanced power distribution systems that ensure consistent electrical supply to mission-critical equipment. Vietnamese enterprises are increasingly recognizing that success in the AI era depends on access to computational resources that can support training large neural networks, processing massive datasets, and serving inference requests at scale. The establishment of local AI infrastructure also addresses data sovereignty concerns, reduces latency for domestic applications, and enables Vietnamese companies to develop AI capabilities without complete dependence on foreign cloud platforms. Government initiatives supporting AI development, including funding programs for research institutions and educational partnerships with technology companies, are creating a supportive ecosystem that encourages innovation and talent development. In 2024, Viettel inaugurated Vietnam's first AI-optimized data center in Hanoi's Hoa Lac Hi-tech Park with a power capacity of 30MW, designed specifically to meet the requirements for artificial intelligence development and usage of high-performance chips. The facility features energy management standards, environmental impact management certifications, and is Vietnam's first data center to commit to sourcing 30 percent of its electricity from renewable sources.

Expanding Digital Economy and Enterprise Cloud Adoption

Vietnam's digital economy transformation is creating unprecedented demand for data center accelerator infrastructure as enterprises across all sectors embrace cloud computing, big data analytics, and digital services. The rapid digitalization of traditional industries, growth of e-commerce platforms, expansion of fintech services, and proliferation of mobile applications are generating massive volumes of data that require sophisticated processing capabilities. Enterprises are increasingly migrating legacy systems to cloud platforms to gain agility, reduce capital expenditure, and access advanced technologies including machine learning, artificial intelligence, and real-time analytics. This shift from on-premises infrastructure to cloud-based services is driving demand for colocation facilities, managed hosting services, and hyperscale data centers equipped with high-performance accelerators. Small and medium enterprises, which historically lacked resources to invest in their own infrastructure, are now able to access enterprise-grade computing capabilities through cloud service providers, democratizing access to advanced technologies. The government's digital transformation initiatives, which mandate cloud adoption for public sector organizations and provide incentives for private sector digital investment, are further accelerating this trend. Vietnamese technology companies are positioning themselves to capture growing demand from both domestic enterprises and international firms seeking to establish presence in Southeast Asian markets. The development of submarine cable infrastructure connecting Vietnam to major regional hubs, deployment of 5G networks enabling edge computing applications, and establishment of content delivery networks improving user experience are all contributing to ecosystem development that supports data center growth. In April 2024, FPT Corporation announced a USD 200 million investment to build an AI factory in Vietnam through a partnership with NVIDIA, with the facility becoming operational in November 2024. The AI factory is equipped with thousands of NVIDIA H100 GPU graphics chips and provides cloud GPU services to enable enterprises across Vietnam, Japan, and Korea to accelerate AI applications, particularly generative AI, marking a significant milestone in Vietnam's transformation into an AI nation.

Key Market Challenges:

Power Supply Reliability and Energy Infrastructure Constraints

One of the most significant challenges confronting Vietnam's data center accelerator market is the reliability and capacity of the national power grid, which struggles to meet the intensive energy demands of modern high-performance computing infrastructure. Data centers, particularly those equipped with GPU accelerators for AI workloads, consume substantially more electricity than traditional facilities, with AI-optimized data centers requiring two to five times more power than conventional installations. The national electrical grid experiences frequent outages during peak demand periods, voltage fluctuations that can damage sensitive equipment, and insufficient capacity in regions where data center development is concentrated. These power infrastructure limitations pose serious risks to operational continuity, as even brief interruptions can cause data loss, service disruptions, and potential hardware damage. The situation is particularly acute in major metropolitan areas including Hanoi and Ho Chi Minh City, where data center construction is concentrated but electrical infrastructure is aging and overloaded. Addressing these challenges requires massive capital investment in generation capacity, transmission infrastructure upgrades, and distribution network modernization. Data center operators are forced to invest heavily in backup systems including uninterruptible power supplies, diesel generators, and battery storage to ensure continuous operation, significantly increasing both capital expenditure and ongoing operational costs. The transition to renewable energy sources, while environmentally beneficial and aligned with corporate sustainability commitments, introduces additional complexity due to the intermittent nature of solar and wind power generation. The government's Power Development Plan VIII aims to increase renewable energy penetration and improve grid reliability, but implementation will require years of sustained investment and infrastructure development. Until power supply constraints are adequately addressed, they will continue to limit the pace of data center expansion and potentially discourage international investors concerned about operational reliability and total cost of ownership.

Skilled Workforce Shortage and Technical Talent Gap

The rapid expansion of Vietnam's data center accelerator market is constrained by a critical shortage of skilled professionals capable of designing, deploying, and maintaining sophisticated high-performance computing infrastructure. The specialized nature of data center accelerator technology requires expertise spanning multiple disciplines including electrical engineering, thermal management, network architecture, systems administration, and increasingly, artificial intelligence and machine learning. While Vietnam possesses a large pool of engineering graduates and technology workers, the specific skills required for data center operations, particularly those involving GPU clusters, liquid cooling systems, and AI infrastructure management, remain scarce. The shortage is particularly acute in specialized roles such as data center architects, GPU cluster administrators, cooling system engineers, and AI infrastructure specialists. This talent gap manifests in several ways, including difficulty recruiting qualified staff, elevated salary expectations driven by competition among employers, and challenges retaining experienced personnel who are frequently recruited by international companies offering superior compensation. The problem is compounded by the rapid evolution of data center technology, which requires continuous training and professional development to maintain currency with industry best practices and emerging technologies. Educational institutions struggle to keep curricula aligned with industry needs due to the pace of technological change and limited access to cutting-edge equipment for hands-on training. The shortage of qualified personnel can delay project timelines, increase operational errors, compromise facility performance, and ultimately impact service quality and reliability. Addressing this challenge requires coordinated efforts among industry participants, educational institutions, and government agencies to develop comprehensive training programs, establish certification pathways, provide access to specialized equipment and facilities, and create career development opportunities that retain talent within Vietnam rather than losing professionals to international markets.

Data Sovereignty Requirements and Regulatory Compliance Complexity

Vietnam's evolving data protection and cybersecurity regulatory framework presents significant compliance challenges for data center accelerator operators, particularly those handling sensitive information or serving international clients with diverse regulatory obligations. The Law on Data establishes comprehensive requirements for data processing, storage, and cross-border transfer, imposing strict obligations on data center operators to ensure security, maintain data sovereignty, and comply with localization requirements. The regulations classify data into categories including personal data, important data, and core data, each subject to different handling requirements and transfer restrictions. Data center operators must implement sophisticated data classification systems, access controls, encryption protocols, and audit mechanisms to demonstrate compliance with regulatory requirements. The extraterritorial scope of these regulations means that foreign companies processing data of Vietnamese citizens are subject to Vietnamese law even if they lack physical presence in the country. Cross-border data transfer provisions require data center operators to conduct risk assessments, obtain necessary approvals, and implement appropriate safeguards when transferring data outside Vietnam, creating operational complexity for companies serving global markets. The regulatory framework continues to evolve with new guidelines, interpretations, and implementing regulations being issued by various government agencies, creating uncertainty and requiring constant monitoring and adaptation. Compliance costs are substantial, requiring investment in legal expertise, data governance systems, security infrastructure, and ongoing auditing and reporting mechanisms. Non-compliance can result in severe penalties including fines up to five percent of annual revenue, operational suspensions, and reputational damage. The complexity is amplified for data center accelerator operators serving AI and machine learning workloads, as these applications frequently involve processing large volumes of personal data and may require cross-border data flows for model training and inference serving. Navigating this regulatory landscape requires specialized legal expertise, robust data governance frameworks, and close coordination with government agencies to ensure compliance while maintaining operational efficiency.

Vietnam Data Center Accelerator Market Report Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Vietnam data center accelerator market, along with forecasts at the country and regional levels for 2026-2034. The market has been categorized based on accelerator type, processor type, and application.

Analysis by Accelerator Type:

•  High-performance Computing
•  Cloud Accelerator

The report has provided a detailed breakup and analysis of the market based on the accelerator type. This includes high-performance computing and cloud accelerator.

Analysis by Processor Type:

•  Central Processing Unit (CPU)
•  Graphics Processing Unit (GPU)
•  Field-programmable Gate Array (FPGA)
•  Application-specific Integrated Circuit (ASIC)

A detailed breakup and analysis of the market based on the processor type have also been provided in the report. This includes central processing unit (CPU), graphics processing unit (GPU), field-programmable gate array (FPGA), and application-specific integrated circuit (ASIC).

Analysis by Application:

•  Deep Learning Training
•  Public Cloud Interface
•  Enterprise Interface

The report has provided a detailed breakup and analysis of the market based on the application. This includes deep learning training, public cloud interface, and enterprise interface.

Analysis by Region:

•  Northern Vietnam
•  Central Vietnam
•  Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The Vietnam data center accelerator market is experiencing rapid evolution with increasing participation from both domestic telecommunications leaders and international technology companies. The competitive landscape is characterized by strategic partnerships between Vietnamese enterprises and global technology providers, particularly in the deployment of GPU infrastructure and AI-ready facilities. Major state-owned telecommunications companies leverage their existing data center infrastructure, government relationships, and extensive fiber networks to maintain strong market positions. International entrants are attracted by regulatory reforms allowing full foreign ownership, competitive construction costs, and Vietnam's strategic position in Southeast Asia. Competition increasingly centers on technological differentiation, including adoption of advanced cooling systems, renewable energy integration, and provision of specialized services for AI workloads. Companies are investing heavily in building technical expertise, establishing partnerships with GPU manufacturers, and developing value-added services beyond basic infrastructure provision. The market is witnessing consolidation through joint ventures and strategic alliances that combine Vietnamese market knowledge with international technical expertise and capital resources.

Vietnam Data Center Accelerator Industry Latest Developments:

• September 2025: Marvell Technology, Inc., a prominent provider of semiconductor solutions for data infrastructure, announced the launch of three new offices in Vietnam. The recently added site, eTown6 and UOA Tower in Ho Chi Minh City and ICT1 in Da Nang, accommodate the expanding Marvell engineering team and strengthen the company's dedication to innovation in AI data center integrated circuit (IC) development. The updated facilities in Ho Chi Minh City include a cutting-edge R&D lab outfitted with sophisticated validation equipment for semiconductor chip testing.

Vietnam Data Center Accelerator Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam data center accelerator market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam data center accelerator market on the basis of accelerator type?
• What is the breakup of the Vietnam data center accelerator market on the basis of processor type?
• What is the breakup of the Vietnam data center accelerator market on the basis of application?
• What is the breakup of the Vietnam data center accelerator market on the basis of region?
• What are the various stages in the value chain of the Vietnam data center accelerator market?
•  What are the key driving factors and challenges in the Vietnam data center accelerator market?
•  What is the structure of the Vietnam data center accelerator market and who are the key players?
• What is the degree of competition in the Vietnam data center accelerator market?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam data center accelerator market from 2020-2034.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam data center accelerator market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam data center accelerator industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.