Vietnam’s largest telco service provider Viettel is set to build the largest data centre in Vietnam.
Viettel is a state-owned enterprise and operated by the Ministry of Defence. The project, to be invested in Hoc Mon and Cu Chi districts of Ho Chi Minh City, was unveiled at a recent conference on investment promotions in the two districts of Ho Chi Minh City presided over by State President Nguyen Xuan Phuc.
Promoting Digital Transformation
As per the project, Viettel will work alongside the two districts to promote digital transformation, which would involve digital infrastructure, digital government, digital economy and digital society, the company said.
On digital infrastructure, the telecoms group will by 2025 invest in 4G and 5G infrastructure to cover broadband services for 100% of the population and fiber optic infrastructure to 100 per cent of households.
With regard to the digital government, Viettel will deploy and provide smart control centre services, a shared data centre system for administration operations. Also, in a push towards building a digital economy, Viettel will help all businesses use digital management platforms, electronic contracts and digital signatures.
In terms of digital society, the group will provide support so that all residents in Hoc Mon and Cu Chi districts can use smartphones and electronic payment accounts.
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. Recently, NTT Global Data centres Corporation and Quang Dung Technology Distribution Joint Stock Company entered into collaboration for setting up and running data centres in Ho Chi Minh City, Vietnam.