Vietnam Data Center Construction Market Outlook: Trends, Growth, and Future Opportunities 2025-2033

The Vietnam data center construction market size reached USD 238.80 Million in 2024 and is projected to reach USD 429.88 Million by 2033, growing at a CAGR of 6.75% during 2025-2033. The market growth is driven by government policy liberalization attracting foreign investments, accelerated digital transformation with a focus on AI infrastructure development, and a hyperscale data center construction boom positioning Vietnam as a regional digital hub.

Study Assumption Years

• Base Year: 2024
• Historical Period: 2019-2024
• Forecast Period: 2025-2033

Vietnam Data Center Construction Market Key Takeaways

• The market size reached USD 238.80 Million in 2024.
• The market is projected to grow at a CAGR of 6.75% during 2025-2033.
• The forecast period spans from 2025 to 2033.
• Rising demand for hyperscale data center facilities due to increasing volumes of data from digital transformation, e-commerce, and mobile applications.
• Government liberalization policies successfully attract foreign investments into the market.
• Vietnam is positioned as a regional digital hub fueled by hyperscale data center construction.
• Increasing investments by multinational tech firms expanding operations in Vietnam.

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Market Growth Factors

The Vietnam data center construction market is experiencing considerable growth driven by rising demand for hyperscale facilities. Global cloud service providers, streaming platforms, and digital enterprises seek extensive infrastructure to manage escalating data volumes from digital transformation, e-commerce, and mobile applications. Notably, in August 2025, LG CNS announced plans to develop a hyperscale AI data center in collaboration with VNPT and Korea Investment Real Asset Management, aiming to boost Vietnam's digital transformation and tap into Southeast Asia's $30.5 billion data center market by 2030.

Sustainability and energy efficiency have become pivotal priorities within the market. Developers are integrating renewable energy sources such as solar and wind to reduce reliance on conventional energy. Advanced cooling technologies like liquid cooling and free-air systems improve power usage effectiveness (PUE), decreasing energy consumption. Environmentally friendly construction methods and sustainable building materials are increasingly utilized to meet international environmental standards, as exemplified by FPT Corporation’s August 2025 inauguration of a LEED-certified, carrier-neutral data center supporting 3,600 racks.

The market growth is further supported by government policy liberalization that attracts foreign investment, fostering an enabling environment for large-scale infrastructure development. Furthermore, the hyperscale data center boom positions Vietnam as a critical digital hub in Southeast Asia, driving investments and opportunities for both domestic and international market players.

Market Segmentation

• Construction Type Insights: The market is segmented by electrical construction and mechanical construction, covering the essential components necessary for data center infrastructure development.
• Data Center Type Insights: Key segments include mid-size data centers, enterprise data centers, and large data centers, reflecting the varying scales of data infrastructure demand.
• Tier Standards Insights: The market encompasses tier standards such as Tier I and II, Tier III, and Tier IV, which denote different levels of data center reliability and performance.
• Vertical Insights: Segmentation includes public sector, oil and energy, media and entertainment, IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare, retail, and others, highlighting the diverse industries relying on data center infrastructure.

Regional Insights

The report covers major regional markets including Northern Vietnam, Central Vietnam, and Southern Vietnam. These regions collectively contribute to the comprehensive growth of the Vietnam data center construction market, although the report does not specify which region is dominant with exact statistics.

Recent Developments & News

In August 2025, IPTP Networks from Cyprus announced a phased data center project in Da Nang, Vietnam, with construction commencing in Q4 2025. This USD 200 Million facility will initially offer 10MW capacity and collaborate with DeCenter AI, with operational commencement expected by late 2027. Additionally, in April 2025, Viettel began construction of Vietnam’s first hyperscale data center in Ho Chi Minh City's Tan Phu Trung Industrial Park, targeting a 140MW capacity to support technologies like AI and 5G, aimed at enhancing the country's digital infrastructure.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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