Ho Chi Minh City allocates nearly 5 hectares of land for an AI-serving data center.
Ho Chi Minh City has leased nearly 5 hectares of land in the High-Tech Park (Tang Nhon Phu Ward) to Evolution DC Vietnam HCMC for the development of a data center valued at over US$508 million.
This is part of a decision issued by the Ho Chi Minh City People's Committee on August 19. The land is designated for a project authorized by an Investment Registration Certificate issued by the High-Tech Park Management Board on March 30.
Under the decision, the State is leasing the land on an annual payment basis for a 50-year term, running from the date of investment licensing until March 2076. This lease arrangement was executed without an auction for land use rights or a competitive bidding process to select the project investor.
The Evolution DC Vietnam HCMC data center is one of four strategic high-tech projects that received investment registration certificates from Ho Chi Minh City People's Committee Chairman Nguyen Van Duoc in April.
With a total investment exceeding US$508 million, the project is being implemented by a consortium of three Singaporean investors: Hathor, Frontier, and Evolution. Its objective is to build large-scale data storage and processing infrastructure to support cloud computing services and gradually establish exabyte-scale (1 billion GB) storage capacity.
This infrastructure is expected to meet the growing demand for artificial intelligence, cloud computing, and digital services, thereby enhancing digital infrastructure capabilities and driving digital transformation and the digital economy in Ho Chi Minh City.
Ho Chi Minh City High-Tech Park. Photo: Quynh Tran
According to the decision of the Ho Chi Minh City government, Evolution DC VN HCMC is responsible for fulfilling all financial obligations regarding land lease fees and other taxes, fees, and charges as stipulated. The enterprise must also ensure its financial capacity and capital to implement the project on schedule and for the purpose stated in the investment registration certificate.
The High-Tech Park Management Board is responsible for monitoring and supervising the project according to the approved detailed construction plan and schedule, checking the implementation progress, and reporting to the city for action if the project is behind schedule.
Ho Chi Minh City is attracting many large-scale data center projects, including those aimed at serving artificial intelligence (AI), cloud computing, and the growing demand for data processing.
According to the Ho Chi Minh City Department of Science and Technology, the city currently has 20 data centers and 9 data center projects under proposal. Several notable projects are concentrated in Tan Phu Trung Industrial Park, the High-Tech Park, and other areas.
Typical projects in Tan Phu Trung Industrial Park (Cu Chi) include large-scale data center projects by Viettel; SGI-HCM Campus - a data center and AI complex invested by Kinh Bac Urban Development Corporation (KBC) in cooperation with Accelerated Infrastructure Capital (AIC) and VietinBank, with a total capital of nearly 2 billion USD...
In the High-Tech Park, the city has data center projects by the consortium of BW Industrial Development, Warburg Pincus, and Digital Realty; a proposal by Sembcorp-BB Holding with a total capital of approximately 850 million USD and an expected capacity of 800 MW...
In addition, the G42 Group from the UAE has proposed investing in a mega AI data center with a total expected capital of approximately 2 billion USD.
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