Ho Chi Minh City is about to have another data center worth 2 billion USD

Kinh Bac, Accelerated Infrastructure Capital, and VietinBank will cooperate to build a 200MW 'super-capacity' artificial intelligence (AI) data center complex, worth about 2 billion USD.

Previously, at Tan Phu Trung Industrial Park, Viettel started construction of a top 10 data center in Southeast Asia - Photo: VIETTEL

In an unusual announcement by Kinh Bac Urban Development Corporation (KBC), KBC, Accelerated Infrastructure Capital (AIC) and VietinBank signed a memorandum of understanding in London (UK) to cooperate in developing a 200MW AI data center complex. Tan Phu Trung Industrial Park (HCMC) will be the location of this data center.

The signing ceremony was held right after the reception for the delegation of international businesses and investors by Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang and Vice Chairman of the Ho Chi Minh City People's Committee Nguyen Loc Ha.

The three parties initially agreed to coordinate on the basis of promoting the strengths of each party to implement the first phase of the data center project, and at the same time consider expanding to other locations nationwide in the next phases.

KBC, chaired by Mr. Dang Thanh Tam, is a company with extensive experience in the field of industrial park and urban development.

Accelerated Infrastructure Capital (AIC) is a data center and digital infrastructure investment and development platform headquartered in London and Hong Kong. AIC has participated in many large-scale data center projects in Europe, Asia and the Middle East, with a total investment portfolio of more than 20 billion USD.

The announcement document added that AIC is planning long-term cooperation to develop a chain of hyperscale data centers to serve the needs of cloud computing and AI in the region.

VietinBank will act as a financial partner, providing consulting services, project finance and capital mobilization. The total expected investment capital of this data center complex is nearly 2 billion USD, mobilized from equity and commercial loans.

Ho Chi Minh City Department of Science and Technology informed that the city is attracting investment in high-tech industries, with some typical projects such as Viettel (Data Center 140MW), CMC (250 million USD), G42-UAE (Data Center 2 billion USD).

In addition, the Ho Chi Minh City People's Committee has received an investment proposal for the Hyperscale Data Center project dedicated to developing artificial intelligence worth about 2 billion USD from investors including G42 Technology Joint Stock Company (major shareholder is the state investment fund of the United Arab Emirates (UAE) and Microsoft Corporation of the US), FPT Corporation, VinaCapital Investment Fund, and Viet Thai Investment Group.

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Source: https://tuoitre.vn/tp-hcm-sap-co-them-trung-tam-du-lieu-tri-gia-2-ti-usd-20251105123149876.htm