CMC's $250M Data Center Boosts Vietnam's Digital Rise

CMC Corporation’s newly approved $250 million hyperscale data center in Ho Chi Minh City marks a transformative step in Vietnam’s digital economy strategy and regional tech competitiveness.

With a projected capacity of 120 MW, the facility is more than a single corporate investment—it signals Vietnam’s intention to become a leading data hub in Southeast Asia. Vietnam’s data center market, currently valued at $1.57 billion (2024), is forecast to grow at 14.2 percent annually, reaching $3.53 billion by 2030. This growth aligns with broader regional trends—Southeast Asia’s market is still underpenetrated by up to 70 percent, yet expected to triple in size by 2027.

Key Highlights

• CMC’s $250M hyperscale facility positions Vietnam as a data center hub
• New 2025 reforms ease foreign investment and data center licensing
• Vietnam’s data center market to more than double by 2030

Vietnam, with 33 existing data centers concentrated in Hanoi and Ho Chi Minh City, is accelerating efforts to attract foreign and domestic investment.

Supporting this momentum are policy reforms effective July 2025, which simplify telecom licensing and allow local governments to directly approve data center projects. Importantly, foreign ownership restrictions have been relaxed specifically for this sector—demonstrating Vietnam’s intention to fast-track digital infrastructure development.

CMC’s facility is emblematic of Vietnam’s rapid digital evolution—from a country with just 80,000 internet subscribers in 2000 to one now attracting global tech giants like Nvidia, Google, and Apple. The center's 30 MW starting capacity, expanding to 120 MW, represents computing power once unimaginable in Vietnam’s early tech landscape.

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As digital transformation becomes central to economic growth, CMC’s data center positions Vietnam as a serious contender in Asia’s cloud and AI infrastructure race.