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Ho Chi Minh City reports to the Prime Minister about the $2 billion Super Data Center project

Ho Chi Minh City is attracting a group of international investors to propose implementing a $2 billion Super Data Center project, designed as an “Artificial Intelligence Factory”.

Báo Sài Gòn Giải phóngBáo Sài Gòn Giải phóng10/07/2025

$2 Billion Super Data Center Designed as an “AI Factory”
$2 Billion Super Data Center Designed as an “AI Factory”

The Ho Chi Minh City People's Committee has just sent a document to the Prime Minister , reporting on the investment proposal for the Super Data Center project worth about 2 billion USD and proposing to organize a working session between the Prime Minister and the group of investors to present in detail the difficulties as well as propose solutions.

Specifically, in order to effectively implement the "four pillars" of the Politburo 's resolutions and the Prime Minister's decisions, the Ho Chi Minh City People's Committee is actively attracting investment in high-tech projects, prioritizing core technologies to build the city into a leading business and technological innovation center in Asia.

Currently, the Ho Chi Minh City People's Committee has received an investment proposal for the Hyperscale Data Center project worth about 2 billion USD from a group of investors including: G42 Technology Joint Stock Company (the main shareholder is the state investment fund of the United Arab Emirates - UAE), Microsoft Corporation (USA), FPT Corporation, VinaCapital Investment Fund and Viet Thai Investment Group.

This project aims to provide comprehensive artificial intelligence solutions and advanced infrastructure for cloud service customers in Asia and globally. Designed as an “AI Factory”, this is a strategic project that can have a profound impact on the socio-economic development of Ho Chi Minh City, contributing to GDP growth, attracting foreign investment, creating thousands of high-quality jobs and developing IT human resources for the city.

Since its establishment in 2018 in Abu Dhabi (UAE), G42 has expanded its global footprint in AI solutions and cloud computing infrastructure. Currently, G42 operates 24 data centers with a capacity of 204 MW, is a preferred partner of Microsoft and aims to reach 500 MW in 6 countries by 2029.

In Vietnam, G42 plans to deploy AI through models such as Cloud Dividend to quantify revenue growth and job creation, improve labor skills, improve public services and quality of life.

Source: https://ttbc-hcm.gov.vn/tphcm-bao-cao-thu-tuong-ve-du-an-sieu-trung-tam-du-lieu-2-ty-usd-1019112.html


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