Study Period | 2018 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Volume (2025) | 524.7 MW |
Market Volume (2030) | 950.4 MW |
CAGR | 12.61 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Vietnam Data Center Market Analysis
The Vietnam Data Center Market size is estimated at 524.7 MW in 2025, and is expected to reach 950.4 MW by 2030, growing at a CAGR of 12.61%. Further, the market is expected to generate colocation revenue of USD 588.9 Million in 2025 and is projected to reach USD 1,403.4 Million by 2030, growing at a CAGR of 18.97% during the forecast period (2025-2030).
Vietnam's data center market is experiencing rapid transformation driven by increasing digital adoption and infrastructure development. The country witnessed significant growth in internet penetration, with 77.93 million internet users recorded in January 2023, representing a 7.3% increase from the previous year. This digital surge has led to an enhanced focus on data center facilities, particularly Tier 3 installations that offer improved reliability and uptime. The government's National Digital Transformation Programme, targeting 80% of public services to be available online by 2025, has further accelerated the need for robust data center infrastructure. Major operators are responding by expanding their facilities and upgrading existing infrastructure to meet the growing demand for reliable data storage and processing capabilities.
The market is witnessing substantial investments in connectivity infrastructure to improve data center operations and reliability. In May 2023, FPT Telecom invested $87 million in constructing the Asia Link Cable, a new submarine fiber optic cable spanning approximately 6,000 kilometers and connecting multiple Asian locations, including Hong Kong, the Philippines, Brunei, and Singapore. Additionally, VNPT opened Vietnam's largest industrial and technical center, its eighth internet data center, in Hòa L¡c Hi-Tech Park in Hanoi in 2023. These developments demonstrate the market's commitment to establishing robust digital infrastructure and improving regional connectivity.
The evolution of consumer behavior and digital content consumption is reshaping data center requirements. According to recent statistics, 22% of the population uses the internet for more than 9 hours daily for various activities, including studying, entertainment, and shopping. Streaming services have gained significant traction, with YouTube emerging as the leading platform with 73% penetration in 2023. This shift in consumer behavior has prompted data center operators to enhance their capabilities in content delivery and edge computing, ensuring seamless delivery of digital services while maintaining low latency.
The market is experiencing a notable transition in facility specifications and standards. Tier 3 facilities dominate the landscape, offering enhanced reliability and redundancy compared to lower-tier installations. These facilities are increasingly adopting advanced cooling technologies and power management systems to improve efficiency and reduce operational costs. The industry is also witnessing a gradual shift toward green data centers, with operators incorporating renewable energy sources and implementing energy-efficient designs. This evolution is supported by partnerships between local and international players, fostering knowledge transfer and technological advancement in the Vietnamese data center ecosystem.
Vietnam Data Center Market Trends
Prioritizing digital initiatives, such as 5G, growing consumer spending to drives the market growth
- The total number of smartphone users in the country was 77.9 million in 2023, which is expected to register a CAGR of 3.09% during the forecast period to reach a value of 93.5 million by 2029.
- The usage of digital technology is rapidly expanding in Vietnam. The quick adoption of Internet and smartphone technology in various businesses has significantly impacted consumer behaviour. In 2022, consumer spending in Vietnam increased to USD 214.68 Billion from USD 193.08 Billion in 2021. As a result, more people can now purchase smartphones, leading to an increase in smartphone usage. Additionally, Vietnam has more than 73% of adults using smartphones. The government aims to increase this proportion to more than 80% by 2025 through the National Digital Infrastructure Strategy by 2025.
- Over the next several years, it is anticipated that 5G technology will be deployed, and the 4G network will extend across the country. The government has four operators: MobiFone, Vietnamobile, Viettal Mobile, and Vinaphone, with 4G customers. In 2022, Vietnam will issue licenses for 5G services, starting to expand 5G from Ho Chi Minh City and Hanoi and extending to other urban and industrial zones. Vietnam's three mobile operators, MobiFone, Viettel Mobile, and Vinaphone, have piloted 5G in 16 cities and provinces. MobiFone proposed sharing a 5G network among carriers in remote areas with low demand to uptake cost-saving. The operators are looking to commercialize 5G over the coming years, while 4G and 3G are highly significant because consumers spend most time connected to these mature technologies. The increased network connectivity of 3G and 4G networks and the deployment of 5G in smartphones will cater to an increase in smartphone users in the country.
The increasing investments for the expansion of 5G network by Operators and region vision to grow digital with the government support drives the growth of the market
- In 2022, the launch of the 5G network and Viettel revolutionized the digital market of the country. MIC has been assigned primary responsibility for accelerating the development of the digital economy, as reported by OpenGov Asia. The Ministry is tasked with directing and assisting other ministries, agencies, and local governments in implementing the strategy. In addition, 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.
- The market share of Vientel, Vinaphone, and Mobifone ranges from about 90% to more than 90%. At the same time, mergers involving less prominent players such as Gmobile, Saigon Ho Chi Minh Telecommunications, Post Saigon Tel, or SCTV could be announced in the future. Also, to attract private investment and improve market transparency, the government could sell down its stakes in VNPT and Mobifone by up to 50%. Moreover, according to a resolution passed by the Politburo on Guidelines for Participation in the Fourth Industrial Revolution, Vietnam has plans to increase its share of the digital economy's gross domestic product (GDP) to 20% by 2025. Vietnam enjoys 99.8% 4G coverage nationwide, with three major carriers, Viettel, VNPT, and MobiFone, successfully piloting 5G technology in 16 cities and provinces. Due to the increasing launch of 4G and 5G, the country is expected to shut down its 2G and 3G services.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rising mobile data bandwidth speeds, increased inclination toward mobile gaming, and an increasing averaging sprnding time on social networking sites drives the growth of the market
- Government initiatives to improve its digital infrastructure, and rising broadband speed drives the market growth
- Growing demand for the bandwidth, FTTH penetration, and Government initivatives to develop Telecom infrastructre drives the growth of the market
Segment Analysis: Data Center Size
Large Segment in Vietnam Data Center Market
The large segment dominates the Vietnam data center market, commanding approximately 41% market share in 2024. This segment consists of 11 data center facilities with a significant presence in key regions, with the Hanoi region accounting for about 55% of large facilities, followed by the Ho Chi Minh region with roughly 37% market share. Major operators in this category include industry leaders like Viettel IDC, FPT Telecom International, Telehouse, and VNPT, who have established robust infrastructure and comprehensive service offerings. The segment's prominence is driven by increasing demand from enterprises requiring substantial computing power and storage capabilities while maintaining operational efficiency and reliability.

Mega Segment in Vietnam Data Center Market
The mega segment is emerging as the fastest-growing category in the Vietnam data center market, projected to grow at approximately 49% during 2024-2029. This remarkable growth trajectory is primarily driven by Gaw Capital's ambitious plans to establish the country's first mega data center, with a planned capacity of 20 MW and a total floor area of 195,500 sq. ft. The construction of this facility, set to commence in 2023 and continue through 2030, represents a significant milestone in Vietnam's data center infrastructure development. This expansion reflects the increasing demand for hyperscale facilities and demonstrates Vietnam's growing importance as a regional data center hub.
Remaining Segments in Data Center Size
The massive, medium, and small segments complete the Vietnamese data center market landscape, each serving distinct market needs. The massive segment caters to large-scale operations requiring substantial computing power, while medium-sized facilities serve as the backbone for regional and mid-sized enterprise operations. The small segment focuses on specialized and localized data center requirements, primarily serving specific industry verticals or geographical locations. These segments collectively contribute to a diverse and comprehensive data center ecosystem, offering various capacity options to meet different business requirements and technological needs across Vietnam.
Segment Analysis: Tier Type
Tier 3 Segment in Vietnam Data Center Market
The Tier 3 segment dominates the Vietnam data center market, commanding approximately 88% market share in 2024. This significant market position is driven by the increasing demand for uninterrupted business services and growing adoption by global companies seeking business continuity services. Currently, there are 25 Tier 3 certified data centers operating across Vietnam, with major concentrations in Ho Chi Minh City and Hanoi regions. Leading operators like Viettel IDC, FPT Telecom, VNPT, and QTSC Telecom are actively expanding their Tier 3 facilities to meet the rising demand from various sectors, including online entertainment, video streaming, and gaming platforms that require minimum downtime and 24/7 support capabilities.
Tier 4 Segment in Vietnam Data Center Market
The Tier 4 segment is emerging as the fastest-growing category in the Vietnam data center market, projected to grow at approximately 46% during 2024-2029. This remarkable growth trajectory is supported by major development initiatives from key industry players. Three significant data center facilities are currently under construction with Tier 4 standards by VNPT, Gaw Capital, and FPT Telecom. VNPT's facility in Hanoi is being developed in five phases, with the first phase designed to support up to 500 racks. Additionally, Gaw Capital Partners is developing a facility with an IT capacity of 20 MW, while FPT Telecom is establishing a new data center facility in HCMC Hi-Tech Park with an IT capacity of approximately 18 MW covering an area of 10,000 square meters.
Remaining Segments in Tier Type
The Tier 1 & 2 segment represents a smaller portion of the Vietnam data center market, primarily consisting of basic facilities with limited redundancy capabilities. These lower-tier facilities are operated by providers like Telehouse and Universal Smart Data Center Technology (USDC) in the Hanoi and Ho Chi Minh City regions. However, the market is witnessing a clear shift away from these basic tier facilities as businesses increasingly prioritize higher reliability and uptime guarantees. This trend is evident in the lack of new construction projects for Tier 1 & 2 facilities, with only existing facilities maintaining their operations to serve specific market niches.
Segment Analysis: Absorption
Utilized Segment in Vietnam Data Center Market
The utilized segment dominates the Vietnam data center market, commanding approximately 79% market share in 2024, driven by the increasing migration of enterprise data to cloud platforms and the growing adoption of data storage solutions. This segment is also experiencing the strongest growth trajectory, projected to expand at around 6% CAGR from 2024 to 2029, fueled by Vietnam's emerging e-commerce sector and its booming market value. The share of enterprises selling products via e-commerce channels has grown tremendously, with more businesses adopting digital transformation initiatives. Major cloud service providers and hyperscalers are actively expanding their presence in Vietnam, contributing to higher utilization rates. The growing Vietnamese data center market has prompted data center providers to expand their operations in the country and improve the absorption rate among facilities. The move towards a digital economy has created a significant level of demand for internet-based infrastructure, directly impacting the utilization rates in Vietnam's data center facilities.
Non-Utilized Segment in Vietnam Data Center Market
The non-utilized segment represents the available capacity in Vietnam's data center market that remains unused or reserved for future expansion. This segment plays a crucial role in the market as it provides the necessary headroom for rapid scaling and future growth opportunities. Data center operators maintain this buffer capacity to accommodate sudden surges in demand, new client acquisitions, and expansion requirements of existing clients. The strategic importance of maintaining non-utilized capacity is particularly evident in emerging markets like Vietnam, where demand patterns can be unpredictable and rapid growth scenarios need to be accommodated. This segment also serves as a risk mitigation strategy, allowing data center operators to respond quickly to market opportunities without the delays associated with new construction or expansion projects. The presence of non-utilized capacity also enables data center operators to offer flexible scaling options to their clients, enhancing their competitive position in the market.
Vietnam Data Center Industry Overview
Top Companies in Vietnam Data Center Market
The Vietnamese data center market features a mix of domestic telecom operators and international players competing for market share in data centers. Companies are focusing on expanding their facilities across key cities like Ho Chi Minh City and Hanoi while upgrading existing infrastructure to meet growing demand. Operational strategies emphasize providing comprehensive Vietnam colocation services alongside value-added offerings like cloud connectivity and managed services. Market leaders are investing in next-generation technologies, including advanced cooling systems, enhanced power infrastructure, and automated monitoring capabilities. Strategic partnerships with global cloud providers and technology vendors are becoming increasingly common as operators aim to strengthen their service portfolios. Facility certifications and compliance with international standards remain key focus areas for maintaining competitive advantage.
Domestic Players Dominate Vietnamese Data Center Landscape
The Vietnamese data center market is characterized by strong domestic leadership, with local telecom giants leveraging their existing infrastructure and customer relationships to maintain dominant positions. State-owned enterprises and established telecommunications providers control significant market share in data centers through their extensive network presence and deep understanding of local business requirements. While international players are gradually entering the market through joint ventures and partnerships, domestic operators continue to hold competitive advantages in terms of land access, regulatory compliance, and established customer relationships.
The market shows moderate consolidation with a handful of major players controlling the majority of capacity, though new entrants are emerging as demand grows. Joint ventures between local and international players are becoming more common as a way to combine global expertise with local market knowledge. The competitive landscape is evolving with increased investment in hyperscale facilities and edge data centers to serve growing digital transformation needs. Market participants are expanding their geographical presence while simultaneously upgrading existing facilities to maintain competitive positioning.
Innovation and Scale Drive Future Success
Success in the Vietnamese data center market increasingly depends on operators' ability to scale operations while maintaining service quality and reliability. Incumbents must focus on modernizing infrastructure, expanding capacity in key growth areas, and developing comprehensive service offerings that address evolving customer needs. Building strong relationships with cloud providers and technology partners while maintaining high operational standards will be crucial for maintaining market leadership. Companies need to balance investment in new facilities with upgrading existing infrastructure while maintaining competitive pricing structures.
New entrants and challenger operators can gain market share by focusing on underserved segments and locations while offering specialized services that address specific industry needs. Success factors include developing strong local partnerships, ensuring regulatory compliance, and building scalable infrastructure that can grow with market demand. Operators must carefully consider facility locations to optimize connectivity while managing costs and regulatory requirements. The ability to provide comprehensive solutions, including connectivity, cloud access, and managed services, will become increasingly important as the market matures and customer requirements evolve.
Vietnam Data Center Market Leaders
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CMC Telecom
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DTS Communication
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Telehouse (KDDI Corporation)
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VNG Cloud
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VNPT Online
- *Disclaimer: Major Players sorted in no particular order
Vietnam Data Center Market News
- September 2021: Viettel jointly conducted trials with Samsung in Da Nang. The company partnered with Ericsson and Qualcomm to test and achieve 5G data transmission speeds of over 4.7 Gbps.
- September 2021: VNPT announced that it had signed an agreement with Nokia to upgrade its backbone and core networks, develop 4G, 5G, and M2M/IoT platforms, conduct commercial tests of 5G services, and develop and apply new networking technologies.
- September 2019: HTC-ITC signed a contract with Delta Thailand to deploy a data center that complies with Uptime Institute’s Tier 3 standards of Tier Certification of Data Center (TCDD) and Tier Certification of Constructed Data Center Facility (TCCF).
Vietnam Data Center Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. MARKET OUTLOOK
- 4.1 It Load Capacity
- 4.2 Raised Floor Space
- 4.3 Colocation Revenue
- 4.4 Installed Racks
- 4.5 Rack Space Utilization
- 4.6 Submarine Cable
5. Key Industry Trends
- 5.1 Smartphone Users
- 5.2 Data Traffic Per Smartphone
- 5.3 Mobile Data Speed
- 5.4 Broadband Data Speed
- 5.5 Fiber Connectivity Network
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5.6 Regulatory Framework
- 5.6.1 Vietnam
- 5.7 Value Chain & Distribution Channel Analysis
6. MARKET SEGMENTATION (INCLUDES MARKET SIZE IN VOLUME, FORECASTS UP TO 2030 AND ANALYSIS OF GROWTH PROSPECTS)
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6.1 Hotspot
- 6.1.1 Hanoi
- 6.1.2 Ho Chi Minh City
- 6.1.3 Others
- 6.1.4 Rest of Vietnam
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6.2 Data Center Size
- 6.2.1 Large
- 6.2.2 Massive
- 6.2.3 Medium
- 6.2.4 Mega
- 6.2.5 Small
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6.3 Tier Type
- 6.3.1 Tier 1 and 2
- 6.3.2 Tier 3
- 6.3.3 Tier 4
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6.4 Absorption
- 6.4.1 Non-Utilized
- 6.4.2 Utilized
- 6.4.2.1 By Colocation Type
- 6.4.2.1.1 Hyperscale
- 6.4.2.1.2 Retail
- 6.4.2.1.3 Wholesale
- 6.4.2.2 By End User
- 6.4.2.2.1 BFSI
- 6.4.2.2.2 Cloud
- 6.4.2.2.3 E-Commerce
- 6.4.2.2.4 Government
- 6.4.2.2.5 Manufacturing
- 6.4.2.2.6 Media & Entertainment
- 6.4.2.2.7 Telecom
- 6.4.2.2.8 Other End User
- 6.4.2.2.9 Others
7. COMPETITIVE LANDSCAPE
- 7.1 Market Share Analysis
- 7.2 Company Landscape
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7.3 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 7.3.1 CMC Telecom
- 7.3.2 DTS Communication
- 7.3.3 FPT Telecom Joint Stock Company
- 7.3.4 GDS (JV of NTT and VNPT)
- 7.3.5 HTC-ITC (Hanoi Telecommunications Corporation)
- 7.3.6 QTSC Telecom Center
- 7.3.7 Telehouse (KDDI Corporation)
- 7.3.8 USDC Technology
- 7.3.9 Viettel - CHT Company Limited (Viettel IDC)
- 7.3.10 Viettel IDC
- 7.3.11 VNG Cloud
- 7.3.12 VNPT Online
- 7.3.13 VNTT
- 7.4 LIST OF COMPANIES STUDIED
8. KEY STRATEGIC QUESTIONS FOR DATA CENTER CEOS
9. APPENDIX
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9.1 Global Overview
- 9.1.1 Overview
- 9.1.2 Porter’s Five Forces Framework
- 9.1.3 Global Value Chain Analysis
- 9.1.4 Global Market Size and DROs
- 9.2 Sources & References
- 9.3 List of Tables & Figures
- 9.4 Primary Insights
- 9.5 Data Pack
- 9.6 Glossary of Terms
Vietnam Data Center Industry Segmentation
Hanoi, Ho Chi Minh City, Others are covered as segments by Hotspot. Large, Massive, Medium, Mega, Small are covered as segments by Data Center Size. Tier 1 and 2, Tier 3, Tier 4 are covered as segments by Tier Type. Non-Utilized, Utilized are covered as segments by Absorption.Hotspot | Hanoi | |||
Ho Chi Minh City | ||||
Others | ||||
Rest of Vietnam | ||||
Data Center Size | Large | |||
Massive | ||||
Medium | ||||
Mega | ||||
Small | ||||
Tier Type | Tier 1 and 2 | |||
Tier 3 | ||||
Tier 4 | ||||
Absorption | Non-Utilized | |||
Utilized | By Colocation Type | Hyperscale | ||
Retail | ||||
Wholesale | ||||
By End User | BFSI | |||
Cloud | ||||
E-Commerce | ||||
Government | ||||
Manufacturing | ||||
Media & Entertainment | ||||
Telecom | ||||
Other End User | ||||
Others |
Vietnam Data Center Market Research FAQs
What is the current Vietnam Data Center Market size?
The Vietnam Data Center Market is projected to register a CAGR of 12.61% during the forecast period (2025-2030).
Who are the key players in Vietnam Data Center Market?
CMC Telecom, DTS Communication, Telehouse (KDDI Corporation), VNG Cloud and VNPT Online are the major companies operating in the Vietnam Data Center Market.
Which segment has the biggest share in the Vietnam Data Center Market?
In the Vietnam Data Center Market, the Tier 3 segment accounts for the largest share by tier type.
Which is the fastest growing segment in the Vietnam Data Center Market?
In 2025, the Tier 4 segment accounts for the fastest growing by tier type in the Vietnam Data Center Market.
What years does this Vietnam Data Center Market cover, and what was the market size in 2025?
In 2025, the Vietnam Data Center Market size was estimated at 524.74. The report covers the Vietnam Data Center Market historical market size for years: 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Data Center Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Vietnam Data Center Market Research
Mordor Intelligence provides a comprehensive analysis of the Vietnam data center market. We leverage our extensive experience in data center industry research and consulting. Our latest report offers detailed insights into Vietnam market trends. It includes developments in data center size and capacity across key locations, from data Saigon to emerging technological hubs. The analysis covers QTSC Telecom infrastructure developments, VNG data center operations, and the growing colocation in Vietnam sector. This offers stakeholders a thorough understanding of the economics of data centers in the region.
Our detailed report, available as an easy-to-download PDF, presents actionable insights into the Vietnam market size for data centers. It includes extensive coverage of Vietnam server market dynamics and Vietnam green data center initiatives. Stakeholders benefit from our analysis of Vietnam data center growth patterns, datacenter infrastructure trends, and emerging opportunities in the Vietnam data centre ecosystem. The report examines key factors influencing the industry, from the average salary in Vietnam impacts on operational costs to the latest Vietnam smartphone market dynamics affecting data demand. This provides decision-makers with crucial intelligence for strategic planning.