Vietnam Data Center Construction Market

Vietnam Data Center Construction Market Overview:

The Vietnam data center construction market size reached USD 238.80 Million in 2024. Looking forward, the market is projected to reach USD 429.88 Million by 2033, exhibiting a growth rate (CAGR) of 6.75% during 2025-2033. The market is witnessing significant growth mainly driven by government policy liberalization attracting foreign investment, digital transformation acceleration with AI infrastructure development focus, and a hyperscale data center construction boom positioning Vietnam as a regional digital hub. These developments are expanding the Vietnam data center construction market share.

Vietnam Data Center Construction Market Trends:

Rising Demand for Hyperscale Facilities

The Vietnam data center construction market is gaining considerable traction due to the increasing demand for hyperscale facilities. Global cloud service providers, streaming platforms, and digital enterprises are on the lookout for extensive infrastructure to manage the rising volumes of data resulting from digital transformation, e-commerce, and mobile applications. In August 2025, LG CNS announced its plans to develop a hyperscale AI data center in Vietnam in collaboration with VNPT and Korea Investment Real Asset Management. The project aims to enhance Vietnam’s digital transformation, focusing on comprehensive AI infrastructure, smart factory partnerships, and tapping into Southeast Asia’s growing $30.5B data center market by 2030. Hyperscale data centers are tailored to offer immense computing power, substantial storage capabilities, and energy efficiency, which are essential for supporting the expanding cloud and AI-driven ecosystem in Vietnam. With multinational tech firms broadening their operations in the country, investments in large-capacity data centers are on the rise. Moreover, Vietnam’s strategic position in Southeast Asia, along with its advancing digital infrastructure, is further fueling this demand. The construction of hyperscale facilities strengthens Vietnam’s digital economy and drives Vietnam data center construction market growth by creating opportunities for both domestic and international players.

Shift Toward Green and Energy-Efficient Designs

Sustainability has emerged as a key priority in the Vietnam data center construction sector as operators emphasize green and energy-efficient designs. With growing concerns about environmental implications and elevated operational costs, developers are focusing on integrating renewable energy sources, including solar and wind, to reduce reliance on conventional energy. Advanced cooling technologies, such as liquid cooling and free-air systems, are being utilized to improve power usage effectiveness (PUE) and decrease energy consumption. Furthermore, sustainable building materials and environmentally friendly construction methods are becoming more popular, aligning with international environmental standards. For instance, in August 2025, FPT Corporation inaugurated the FPT Fornix HCM02 Data Center in Ho Chi Minh City's High-Tech Park. The eight-story facility spans 10,000 sqm and supports 3,600 racks. This marks FPT's fourth center in Vietnam, emphasizing a carrier-neutral model and achieving LEED Certification for sustainability. These measures lower operating expenses while enhancing corporate responsibility and appealing to ESG-focused investors. The transition toward green infrastructure is poised to play a vital role in maintaining long-term efficiency and competitiveness in Vietnam’s evolving data center landscape.

Vietnam Data Center Construction 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 construction type, data center type, tier standards, and vertical.

Construction Type Insights:

• Electrical Construction
• Mechanical Construction

The report has provided a detailed breakup and analysis of the market by construction type. This includes electrical construction and mechanical construction.

Data Center Type Insights:

• Mid-Size Data Centers
• Enterprise Data Centers
• Large Data Centers

A detailed breakup and analysis of the market based on the data center type have also been provided in the report. This includes mid-size data centers, enterprise data centers, and large data centers.

Tier Standards Insights:

• Tier I and II
• Tier III
• Tier IV

The report has provided a comprehensive analysis of the market based on tier standards. This includes Tier I and II, Tier III, and Tier IV.

Vertical Insights:

• Public Sector
• Oil and Energy
• Media and Entertainment
• IT and Telecommunication
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Retail
• Others

A detailed breakup and analysis of the market based on the vertical have also been provided in the report. This includes public sector, oil and energy, media and entertainment, IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare, retail, 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 Construction Market News:

• In August 2025, IPTP Networks from Cyprus announced a data center project in Da Nang, Vietnam, with construction starting in Q4 2025. The USD 200 Million facility will be built in phases, offering 10MW capacity initially. It will collaborate with DeCenter AI and is expected to become operational by late 2027.
• In April 2025, Viettel commenced construction on Vietnam’s first hyperscale data centre in Ho Chi Minh City’s Tan Phu Trung Industrial Park. Once operational, it will have a capacity of 140MW and support advanced technologies like AI and 5G. The facility aims to enhance the country's digital infrastructure and innovation landscape.

Vietnam Data Center Construction Market Report Coverage:

Key Questions Answered in This Report:

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