NTT Corporation, NTT Global Data centres Corporation and Quang Dung Technology Distribution Joint Stock Company have entered into collaboration for setting up and running data centres in Ho Chi Minh City, Vietnam.
As a part of this initiative, NTT GDC and QD.TEK will establish NTT Global Data centres HCMC1 Limited Liability Company (“HCMC1”), as a joint venture company in Ho Chi Minh City, and HCMC1 will construct the new “Ho Chi Minh City 1 Data centre” to be launched in 2024, it said in a statement.
NTT GDC will collaborate with QD.TEK, a leading local ICT company that provides services to a wide range of clients, including the Vietnamese government, major financial institutions, telecommunications companies, IT companies, and manufacturers, to provide services through HCMC1, a joint venture company to be established in Vietnam. By leveraging both companies’ strengths, NTT GDC and QD.TEK will be able to provide full-stack, full-lifecycle ICT solutions and continue to promote socially significant initiatives that will lead the development of digital infrastructure in Vietnam.
Fast growing economy
Vietnam is one of the fastest economic growing countries in Asia, with per capita GDP expected to increase approximately 1.6 times in the six years from 2020 to 2026, making it a promising market expected to continue its growth. In addition, cloud computing and fintech businesses are growing because of the Covid-19 situation, the Vietnam’s e-government initiatives, and the promotion of the use of e-money. This growth powers the demand for data centres. NTT and NTT GDC will expand their investment in the data centre business to quickly enter this growing market and support the digital transformation (DX) of local clients.
Yasuo Suzuki, CEO of NTT GDC stated:
“Ho Chi Minh City is a promising market and huge potential to grow. NTT already has a strong presence and heritage here in HCMC, and Ho Chi Minh City 1 Data centre along with partnership with QD.TEK will mark a new chapter for us to better serve to all of our clients and achieve their business goals through DX.”
In response to the growing global demand for data centres, NTT is investing in the data centre business to support core infrastructure that is the foundation for NTT’s full-stack services strategy. In the data centre business, where demand will continue to grow worldwide, NTT aims to provide high-quality services to global companies by accelerating strategic data centre investments through NTT GDC. NTT operates data centres in over 20 countries and regions worldwide, and following on from the capital city of Hanoi, where NTT is already providing services, NTT will now develop its service location to the southern city of Ho Chi Minh City, which is said to be the centre of the Vietnamese economy and is home to many multinational companies.
Ngo Truong Da, President of QD.TEK said:
“Partnership with NTT, the world’s leading telecommunications carrier and data centre service provider, is our great honor in order to provide ICT service excellence and benefits of a world-class data centre to Vietnamese clients in which there’s remarkable growth in demands for digital services and infrastructure”
The new data centre, “Ho Chi Minh City 1 Data centre”, will be located in the Saigon Hi-Tech Park, a well-developed IT infrastructure in a highly accessible area 15 km from Ho Chi Minh City’s centre and the main centre of IT and financial services. Service provision is scheduled to commence in 2024.
The five-story building will provide a total of 6MW of critical IT load capacity for IT equipment to 3,100m2 (equivalent to 1,200 racks) of server rooms. With redundant power, air-conditioning, communication facilities, disaster countermeasures, and extensive security, the new data centre will provide stable and high-availability services, based on the rigorous facility design to meet the Tier III standards for data centres NTT has cultivated over the years on a global scale.