Military-run Industry and Telecoms Group (Viettel) will build the largest data center in Vietnam with a total investment of VND6-trillion (US$261.8 million), which is located in Hoc Mon and Cu Chi districts, Ho Chi Minh City.
|Viettel will build a US$261-million data center in Ho Chi Minh City. Photo: JLL|
According to the investment memorandum, Viettel will accompany the two localities in digital transformation promotion, including digital infrastructure, digital government, digital economy, and digital society.
By 2025, the group will invest in 4G and 5G infrastructure to provide broadband services for 100% of the population and expand fiber-optic network coverage to 100% of households.
Regarding the digital government, it will also deploy and provide smart control center services, and a shared data center system for government operations and administration.
In the digital economy, the corporation will accompany the districts’ authority in achieving the set goals, including 100% of businesses using digital governance platforms, electronic contracts, and digital signatures.
For digital society development, all people in Hoc Mon and Cu Chi districts will receive support from the business and the authority to use smartphones and electronic payment accounts.
A recent report conducted by ResearchAndMarkets.com showed the Vietnamese data center market is projected to grow at a compound annual gross rate (CAGR) of 14.64% in the 2019-25 period to reach more than $1.6 billion by 2025.
Vietnamese telecom companies including FPT Telecom, CMC Telecom, Viettel, Vietnam Posts, and Telecommunications Group, operate a number of data centers, according to JLL.