Vietnam-based fund launches $1.5bn data center project

Facility to become country's largest, with 150 MW capacity within two years

Vietnam is seeing higher demand for data centers as its tech industry grows, but the country faces challenges such as new regulations and power shortages. (Nikkei montage)

Nikkei staff writers

March 6, 2025 10:49 JST

TOKYO -- Vietnam-based fund Saigon Asset Management (SAM) announced on Tuesday the launch of a $1.5 billion, 150-megawatt data center hub project that will be the largest such facility in the country when complete.

For the project, called the SAM DigitalHub, SAM partnered with the Vietnam Singapore Industrial Park (VSIP), a major industrial park developer supported by both governments, securing a 50-hectare plot in southern Binh Duong province inside VSIP 3. The data center is expected to begin operating within two years.