Vietnam Data Center Colocation Market Size, Share, Trends and Forecast by Type, Organization Size, End-Use Industry, and Region, 2025-2033

Vietnam Data Center Colocation Market Overview:

The Vietnam data center colocation market size reached USD 290.00 Million in 2024. Looking forward, the market is expected to reach USD 739.43 Million by 2033, exhibiting a growth rate (CAGR) of 10.96% during 2025-2033. The market is driven by enhanced regulatory frameworks that now allow full foreign ownership of data centers, accelerating cloud adoption and digital transformation across industries, and substantial infrastructure expansion with increasing capacity development by major providers. These factors are collectively expanding the Vietnam data center colocation market share.

Vietnam Data Center Colocation Market Trends:

Enhanced Regulatory Framework and Foreign Investment Liberalization

The Vietnamese data center colocation market growth is significantly bolstered by comprehensive regulatory reforms that have transformed the investment landscape for international players. The government has implemented groundbreaking policy changes that eliminate previous barriers to foreign participation in the sector. In July 2024, the Vietnamese government introduced a law under which foreign investors can now fully own data centers in the country, marking a significant shift from previous restrictions and opening unprecedented investment opportunities. This regulatory improvement has made the country a more desirable destination to international data center operators in case they would like to develop a facility in Vietnam. The liberalization is not only in ownership patterns but also in simplified licensing procedures and guidelines regarding the operations. These policy reforms are attracting large inflows of capital from foreign investors who had been subjected to restrictive ownership provisions. The uplifted regulatory framework also encompasses the data localization compliance and standards of cybersecurity that match the international best practices, which increases the attractiveness of Vietnam to multinational corporations that need a secure data storage option.

Cloud Adoption and Digital Transformation Acceleration

Vietnam's rapid digital transformation is driving unprecedented demand for colocation services as enterprises transition to cloud-based infrastructure and digital-first business models. The country's commitment to digitalizing its economy has resulted in significant growth across the information and communications technology sector. According to the Ministry of Information and Communications (MIC), the total revenue of Vietnam's ICT industry in 2024 reached an estimated VND 4,244 trillion (US$165.9 billion), an increase of 13.2 percent from 2023. This remarkable growth trajectory reflects the widespread adoption of digital technologies across all sectors of the Vietnamese economy. Organizations are increasingly recognizing the strategic importance of reliable, scalable, and secure data storage solutions to support their digital initiatives. The COVID-19 pandemic accelerated this trend as businesses rapidly adopted remote working arrangements and digital service delivery models. Financial services, healthcare, education, and government sectors are leading the charge in digital transformation, driving substantial demand for colocation services. The proliferation of mobile internet usage, e-commerce platforms, and digital payment systems further amplifies the need for robust data center infrastructure to ensure seamless user experiences and data security.

Infrastructure Expansion and Capacity Development

The Vietnam data center colocation market growth is witnessing substantial infrastructure investments as major providers expand their facility portfolios to meet growing demand from domestic and international clients. Leading operators are strategically developing new facilities while upgrading existing infrastructure to accommodate higher-density computing and emerging technologies. This high occupancy projection demonstrates strong market demand and confidence in Vietnam's long-term growth potential. Infrastructure development is concentrated in key metropolitan areas, including Hanoi, Ho Chi Minh City, and Binh Duong Province, where businesses require proximity to urban centers for optimal connectivity and service delivery. New facilities are being designed with advanced cooling systems, renewable energy integration, and high-density configurations to support next-generation workloads. The expansion includes both greenfield developments and acquisitions of existing facilities, creating a competitive landscape that benefits customers through improved service offerings and competitive pricing structures.

Vietnam Data Center Colocation Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, organization size, and end-use industry.

Type Insights:

• Retail Colocation
• Wholesale Colocation

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes retail colocation and wholesale colocation.

Organization Size Insights:

• Small and Medium Enterprises
• Large Enterprises

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes small and medium enterprises and large enterprises.

End-Use Industry Insights:

• BFSI
• Manufacturing
• IT and Telecom
• Energy
• Healthcare
• Government
• Retail
• Education
• Entertainment and Media
• Others

A detailed breakup and analysis of the market based on the end-use industry have also been provided in the report. This includes BFSI, manufacturing, IT and telecom, energy, healthcare, government, retail, education, entertainment and media, and others.

Regional Insights:

• 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 market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Data Center Colocation Market News:

• April 2025: At the groundbreaking ceremony held on April 23, 2025, Viettel's CEO announced plans to build a High-Tech Data Center and R&D Complex in the Tan Phu Trung Industrial Park, Ho Chi Minh City. This facility will be Viettel's 16th data center, contributing to the company's goal of establishing substantial infrastructure capacity across Vietnam.
• May 2024: ST Telemedia Global Data Centers (STT GDC), among the world’s rapidly expanding data center operators, entered a joint venture with Vietnam’s leading tech firm VNG Corporation to develop, build, and manage data center facilities in Ho Chi Minh City, marking a notable boost in foreign investment within Vietnam’s colocation sector.

Vietnam Data Center Colocation Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam data center colocation market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam data center colocation market on the basis of type?
• What is the breakup of the Vietnam data center colocation market on the basis of organization size?
• What is the breakup of the Vietnam data center colocation market on the basis of end-use industry?
• What is the breakup of the Vietnam data center colocation market on the basis of region?
• What are the various stages in the value chain of the Vietnam data center colocation market?
• What are the key driving factors and challenges in the Vietnam data center colocation market?
• What is the structure of the Vietnam data center colocation market and who are the key players?
• What is the degree of competition in the Vietnam data center colocation 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 colocation market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam data center colocation 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 colocation 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.