Saigon Telecommunication Technology Joint Stock Company (Saigontel) has expressed strong interest in developing a new Data Center Project within Ho Chi Minh City’s Tan Phu Trung Industrial Park.
Baodautu reported that Saigontel submitted a proposal to the Ho Chi Minh City People’s Committee and related authorities. Their commitment was further emphasized by offering a letter of support for collaboration with Saigon Asset Management Company at the upcoming “Autumn Forum of Ho Chi Minh City – New York” held on October 29, 2024, in New York City.
The proposal aligns with Ho Chi Minh City’s investment strategy and the development plan for the Tan Phu Trung Industrial Park. The Management Board of Export Processing and Industrial Zones of Ho Chi Minh City (Hepza) has acknowledged this by issuing document No. 3081/BQL-DT on October 18, 2024. They have expressed support and willingness to work with Saigontel to ensure a smooth and legal implementation process for the project.
This development comes alongside the ongoing construction of another data center by the Military Telecommunications Industry Group (Viettel) within the same industrial park. Viettel’s project boasts a capacity of 6,500 racks (cabinets) with a total investment of 14.7 trillion VND.
Construction is divided into two phases, with phase 1 expected to be operational by the fourth quarter of 2025, offering a capacity of 1,600 racks. Phase 2, scheduled for completion between 2026 and 2030, will provide an additional 4,800 racks.
Ho Chi Minh City is actively seeking further investments in data centers, including projects in the City Hi-Tech Park.
