We had a fantastic experience at the Cloud and Data Center Expo in Hanoi, Vietnam! It was an excellent opportunity to connect with industry leaders and gain insights from various stakeholders across Southeast Asia.
Key Insights
- Rapid Growth: Vietnam is an emerging market in the data center sector, with a planned addition of 145 MW by 2027 and an expected CAGR of 17% from 2024 to 2027.
- Cybersecurity: The government’s decision to secure Vietnam’s geopolitical boundaries in connection with 5G has significantly transformed the cloud computing and data center landscape. The awarding of the first 5G test license to Viettel highlights the focus on national security interests.
- Internet Access: Internet penetration in Vietnam is growing rapidly. With a population of nearly 96 million, around 60 million users have internet access, reflecting an increase of over 40% this year.
- Investment in Digital Transformation: The Vietnamese government has established a master plan for national digital transformation and invested $415 million in the ICT sector.
- International Partnerships: The implementation of data sovereignty laws and cybersecurity strategies has attracted interest from international companies like Apple, Facebook, and Google.
Mr. Adrian Grabara, our Managing Director, was also on-site to speak with industry leaders and track the latest developments. We look forward to leveraging these insights and contributing to the growth of the data center industry in Southeast Asia!