Evolution Group wishes to build and operate a 36 MW large-scale data center in Ho Chi Minh City Hi-Tech Park, with a total expected investment of 305 million USD.
According to a source from the Investment Electronic Newspaper - Baodautu.vn, Evolution Group recently sent a document to the Ho Chi Minh City People's Committee wishing to invest in a large-scale 36 MW data center at Lot T4-3, Road D2, Ho Chi Minh City High-Tech Park (SHTP).
This center has an area of 30,203 m2, with a total expected investment of 305 million USD.
After receiving the investor's proposal, the Ho Chi Minh City People's Committee assigned the SHTP Management Board to review the enterprise's proposal and report to the City People's Committee.
On October 2, SHTP Management Board issued document No. 1447/KCNC-XTĐT reporting to Ho Chi Minh City People's Committee on the content of working with Evolution Group.
SHTP Management Board said that, implementing the direction of the City People's Committee, the Management Board has provided forms and investment process instructions for businesses.
However, currently, the Data Center Project at the City High-Tech Park is attracting many investors. Therefore, the Project is subject to investor selection procedures as prescribed in Clause 7, Article 29 of Decree No. 31/2021/ND-CP dated March 26, 2021 of the Government.
To attract large-scale high-tech investors to Ho Chi Minh City, the SHTP Management Board proposed that the Ho Chi Minh City People's Committee consider and approve the signing of a memorandum of understanding between Evolution Group and the City People's Committee on investing in the Hyperscale Data Center Project worth 305 million USD in other locations of the City instead of investing in one location, the High-Tech Park.
Evolution Group, a subsidiary of Warburg Pincus Investment Fund, is a large and experienced investor in the development of large data centers in Southeast Asia (with projects in Thailand, Indonesia, and the Philippines).
Currently, Vietnam is one of the top 5 investment destinations globally of Warburg Pincus with about 4 billion USD invested in many fields such as: Vin Retails, Techcombank, Momo, BWID, Lodgis Hospitality, Xuyen A General Hospital.
Le Quan
According to Investment Newspaper