The data center market in the Asia-Pacific (APAC) region has recorded remarkable growth, with Ho Chi Minh City emerging as a new bright spot attracting growing attention from international investors.
According to the latest report by Cushman & Wakefield, APAC’s data center market reached a record 26.5 gigawatts (GW) of capacity in the first half of 2026, driven by major operators and the rapid expansion of artificial intelligence (AI) platforms. Southeast Asia, particularly Malaysia and Thailand, accounted for about 50% of capacity under construction, highlighting the region’s growing appeal.
Ho Chi Minh City, with a total data centre supply of 68 megawatts (MW), is gradually strengthening its position on the regional data centre map. The city’s market has been boosted by investment from major technology companies.
In the first half of 2026, UAE-based AI company G42 signed a $1 billion framework agreement with FPT Corporation and Viet Thai Group to develop three data centres in Vietnam, while also participating in a $2 billion hyperscale AI data centre project in Ho Chi Minh City.
Meanwhile, Sembcorp, through its StarMason joint venture with BB Holdings, received approval for a 90MW data centre project in the city.
The International Finance Corporation (IFC) has also announced plans to invest up to $3 billion in Vietnam, including digital infrastructure, further underscoring international confidence in the country’s digital economy.
