Vietnam Data Center Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2031)

The Vietnam Data Center Construction Market Report is Segmented by Tier Type (Tier 1 and 2, Tier 3, and Tier 4), Data Center Size (Small, Medium, Large, Massive, and Mega), Infrastructure (Cooling Infrastructure (Air-Based Cooling, Liquid-Based Cooling, and Evaporative Cooling), Power Infrastructure (UPS Systems, Generators, Power Distribution Unit (PDU), Racks and Cabinets, Servers, Networking Equipment, Physical Security Infrastructure, Design and Consulting Services, and Other Infrastructure), and End User ( IT and Telecommunication, BFSI, Government, Healthcare, and Other End Users). The Market Sizes and Forecasts are Provided in Values (USD) for all the Above Segments.

Vietnam Data Center Construction Market Size

Compare market size and growth of Vietnam Data Center Construction Market with other markets in Technology, Media and Telecom Industry

Vietnam Data Center Construction Market Analysis

The Vietnam Data Center Construction Market size is estimated at USD 0.79 billion in 2025, and is expected to reach USD 1.33 billion by 2031, at a CAGR of 9.14% during the forecast period (2025-2031).

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Vietnamese data center construction market is expected to reach more than 240 MW in six years.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase by more than 0.8 million sq. ft in six years.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 43,000 units in six years. Ho Chi Minh City is expected to have the highest number of racks in six years.
  • DC Facilities: Vietnam has 30 colocation data centers, with Ho Chi Minh City as the major hotspot. The growing adoption of the cloud by most businesses is one of the factors boosting the number of data centers in the country.
  • Also, the digital economy and social development are top priorities in most development strategies. Local internet service providers (ISPs) in Vietnam plan to develop a cable network in response to frequent network breakdowns on the Asia America Gateway (AAG) submarine telecommunication cable. Thus, these infrastructure developments are driving the need for a data center in the country.

The IT and Telecom Segment is Expected to Hold Significant Market Share

  • Vietnam had 85% of adults using smartphones as of 2022. Vietnam aims to increase this proportion according to its draft National Digital Infrastructure Strategy by 2025. The Telecommunications Department of the Ministry of Information and Communications (MIC) notes that various digital initiatives are considered to push smartphone adoption in the country.
  • In 2022, the launch of the 5G network and Viettel revolutionized the country's digital market. MIC has been assigned primary responsibility for accelerating the digital economy's development, as OpenGov Asia reported. The ministry is tasked with directing and assisting other ministries, agencies, and local governments in implementing the strategy. It provides the prime minister with reports on its achievements. Further, owing to an increase in the country's GDP, it is expected that from 2023 to 2030, wireless and broadband subscription rates will continue to rise across Vietnam, resulting in increased revenues for operators.
  • Also, the digital economy and social development are top priorities in most development strategies. Local internet service providers (ISPs) in Vietnam plan to develop a cable network in response to frequent network breakdowns on the Asia America Gateway (AAG) submarine telecommunication cable. Thus, such infrastructure developments are driving the need for a data center in the country.
  • The deployment of 5G networks may boost the region's digital economy and lead to higher demand for high-bandwidth networking infrastructure. For instance, in November 2021, Amazon Web Services (AWS) announced AWS outposts in Vietnam. Telecommunication services increased by 0.3% from 2020. The telecom segment has seen a drop in data prices since 2018, causing a double or triple growth in data traffic.
  • In May 2022, Vietnam Posts and Telecommunications Group (VNPT), a leading provider of digital and telecommunications services in Vietnam, and Casa Systems, a leading provider of physical and cloud-native infrastructure technology solutions for mobile, cable, and fixed networks, signed an MoU to explore 5G capabilities and pave the way for next-generation network services in Vietnam. Such initiatives are expected to drive the telecom segment of the Vietnamese data center market in the coming years.

Vietnam Data Center Construction Industry Overview

The Vietnamese data center market is fairly consolidated. Significant companies, including AECOM, Artelia Group, Coteccons Construction Joint Stock Company, Turner Construction Company, and Rider Levett Bucknall, are investing in and expanding the data construction market in Belgium.

January 2023: VNG Corporation announced the opening of its new data center in Ho Chi Minh City, which houses 410 racks. In addition, the company has plans to upgrade it to 1,600 racks to meet the growing digital transformation requirements across the businesses. This provides more opportunities for the vendors in the market.

Vietnam Data Center Construction Market Leaders

  1. Turner Construction Company

  2. Artelia Group

  3. AECOM

  4. Coteccons Construction Joint Stock Company

  5. Rider Levett Bucknall

  6. *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF

Vietnam Data Center Construction Market News

  • May 2024: ST Telemedia Global Data Centres (STT GDC) broadened its presence in Vietnam by acquiring a data center in Ho Chi Minh City and preparing for a second facility. Teaming up with VNG Corporation, a local technology firm, STT GDC unveiled plans for the "development, construction, and operation of data center projects" in Ho Chi Minh City. The first of these projects, situated in Tan Thuan, 1.5 km away, is slated for completion by the first half of 2026, boasting a capacity of up to 60 MW.
  • May 2024: A prominent Chinese tech company, Alibaba, established a data center in Vietnam. While specifics such as timelines and costs remain undisclosed, Dang Minh Tam, the solution architect lead at Alibaba Cloud, emphasized Vietnam's appeal, noting its untapped market potential and ample room for expansion.

Vietnam Data Center Construction Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions And Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Research Framework
  • 2.2 Secondary Research
  • 2.3 Primary Research
  • 2.4 Data Triangulation and Insight Generation

3. EXECUTIVE SUMMARY

4. MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Market Drivers
    • 4.2.1.1 Accelerated Digital Transformation, Digital Economy, and Cloud Computing
    • 4.2.1.2 Reliable Power Resource at Southeast Asia Lowest Price
    • 4.2.2 Market Restraints
    • 4.2.2.1 Increased CAPEX and OPEX for Nascent Vietnam Data Center Market
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Key Vietnam Data Center Construction Statistics
    • 4.4.1 Number of Data Centers In the Vietnam, 2022 and 2023
    • 4.4.2 Data Center Under Construction in the Vietnam, In MW, 2024 - 2029
    • 4.4.3 Average Capex and Opex For the Vietnam Data Center Construction
    • 4.4.4 Data Center Power Capacity Absorption In MW, Cities, Vietnam, 2022 and 2023
    • 4.4.5 The Top CAPEX Spenders on Data Center Infrastructure in Vietnam

5. MARKET SEGMENTATION

  • 5.1 Market Segmentation - By Infrastructure
    • 5.1.1 Market Segmentation - By Electrical Infrastructure
    • 5.1.1.1 Power Distribution Solution
    • 5.1.1.1.1 PDU - Basic and Smart - Metered and Switched Solutions
    • 5.1.1.1.2 Transfer Switches
    • 5.1.1.1.2.1 Static
    • 5.1.1.1.2.2 Automatic (ATS)
    • 5.1.1.1.3 Switchgear
    • 5.1.1.1.3.1 Low-voltage
    • 5.1.1.1.3.2 Medium-voltage
    • 5.1.1.1.4 Power Panels and Components
    • 5.1.1.1.5 Other Power Panels and Components
    • 5.1.1.2 Power Backup Solutions
    • 5.1.1.2.1 UPS
    • 5.1.1.2.2 Generators
    • 5.1.1.3 Service - Design and Consulting, Integration, Support, and Maintenance
    • 5.1.2 Market Segmentation - By Mechanical Infrastructure
    • 5.1.2.1 Cooling Systems
    • 5.1.2.1.1 Immersion Cooling
    • 5.1.2.1.2 Direct-to-chip Cooling
    • 5.1.2.1.3 Rear Door Heat Exchanger
    • 5.1.2.1.4 In-row and In-rack Cooling
    • 5.1.2.2 Racks
    • 5.1.2.3 Other Mechanical Infrastructure
    • 5.1.3 General Construction
  • 5.2 Market Segmentation - By Tier Type
    • 5.2.1 Tier 1 and 2
    • 5.2.2 Tier 3
    • 5.2.3 Tier 4
  • 5.3 Market Segmentation - By End User
    • 5.3.1 Banking, Financial Services, and Insurance
    • 5.3.2 IT and Telecommunications
    • 5.3.3 Government and Defense
    • 5.3.4 Healthcare
    • 5.3.5 Other End Users

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Coteccons Construction Joint Stock Company
    • 6.1.2 Aurecon Group Pty. Ltd
    • 6.1.3 Obayashi Corporation
    • 6.1.4 Turner Construction Company
    • 6.1.5 Firstgreen Engineering Company
    • 6.1.6 AECOM
    • 6.1.7 Rider Levett Bucknall
    • 6.1.8 Artelia Group
  • *List Not Exhaustive

7. INVESTMENTS ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

9. ABOUT US

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Vietnam Data Center Construction Industry Segmentation

A data center is a physical room, building, or facility that holds IT infrastructure used to construct, run, and provide applications and services and store and manage the data connected with them. Under data center construction, the capital expenditure incurred while building the existing data center facilities is tracked, and the future capex is estimated based on upcoming data center facilities.

The Vietnamese data center construction market is segmented by infrastructure (electrical infrastructure (power distribution solutions (PDU, transfer switches, switchgear, power panels, and components)), power backup solutions (ups and generators), service - design and consulting, integration, and support and maintenance)), (mechanical infrastructure (cooling systems (immersion cooling, direct-to-chip cooling, rear door heat exchanger, and in-row and in-rack cooling)), racks, and other mechanical infrastructure)), and general construction)), tier type (Tier 1 and 2, Tier 3, and Tier 4), and end user (banking, financial services and insurance, IT and telecommunications, government, defense, healthcare, and other end users). The market size and forecasts are provided in value (USD) for all the above segments.

Market Segmentation - By Infrastructure Market Segmentation - By Electrical Infrastructure Power Distribution Solution PDU - Basic and Smart - Metered and Switched Solutions
Transfer Switches Static
Automatic (ATS)
Switchgear Low-voltage
Medium-voltage
Power Panels and Components
Other Power Panels and Components
Power Backup Solutions UPS
Generators
Service - Design and Consulting, Integration, Support, and Maintenance
Market Segmentation - By Mechanical Infrastructure Cooling Systems Immersion Cooling
Direct-to-chip Cooling
Rear Door Heat Exchanger
In-row and In-rack Cooling
Racks
Other Mechanical Infrastructure
General Construction
Market Segmentation - By Tier Type Tier 1 and 2
Tier 3
Tier 4
Market Segmentation - By End User Banking, Financial Services, and Insurance
IT and Telecommunications
Government and Defense
Healthcare
Other End Users
Need A Different Region or Segment?
Customize Now

Vietnam Data Center Construction Market Research FAQs

How big is the Vietnam Data Center Construction Market?

The Vietnam Data Center Construction Market size is expected to reach USD 0.79 billion in 2025 and grow at a CAGR of 9.14% to reach USD 1.33 billion by 2031.

What is the current Vietnam Data Center Construction Market size?

In 2025, the Vietnam Data Center Construction Market size is expected to reach USD 0.79 billion.

Who are the key players in Vietnam Data Center Construction Market?

Turner Construction Company, Artelia Group, AECOM, Coteccons Construction Joint Stock Company and Rider Levett Bucknall are the major companies operating in the Vietnam Data Center Construction Market.

What years does this Vietnam Data Center Construction Market cover, and what was the market size in 2024?

In 2024, the Vietnam Data Center Construction Market size was estimated at USD 0.72 billion. The report covers the Vietnam Data Center Construction Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Data Center Construction Market size for years: 2025, 2026, 2027, 2028, 2029, 2030 and 2031.

Our Best Selling Reports

Vietnam Data Center Construction Industry Report

Statistics for the 2025 Vietnam Data Center Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Data Center Construction analysis includes a market forecast outlook for 2025 to 2031 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Vietnam Data Center Construction Market Report Snapshots

Vietnam Data Center Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2031)