Vietnam data center market poised for expansion
Research - MAY 13, 2024

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Vietnam data center market poised for expansion

by Andrea Zander

Vietnam is set to experience substantial growth in the data center market, driven by an expanding digital economy and increasing data consumption across the region. A tech-savvy population engaged in data-intensive activities like social media usage, ecommerce and gaming and the adoption of big data, IoT and cloud technologies are expected to fuel a significant expansion in the market over the next decade, according to JLL.

According to the JLL report, development costs for data centers in Vietnam typically span from $6 million to $13 million per megawatt, a range that reflects the bespoke agreements that characterize data center constructions and the variable local construction expenses. This variance is also reflective of the broader Asia Pacific region, where countries like Japan, Singapore and South Korea are experiencing escalating build costs, in contrast to China and India, which continue to present more cost-effective alternatives for data center developments. In ter

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