CMC invests in hyperscale data center as Vietnam’s digital infrastructure advances

As Vietnam’s digital economy rapidly develops, there is a growing race to build state-of-the-art data centres and IT infrastructure. CMC Corporation is making a significant move in this sector by investing $12.5 million to establish CMC AI Digital Infrastructure (CMC ADI), a subsidiary dedicated to constructing and operating hyperscale data centres.

CMC ADI’s headquarters are located in the Tan Thuan Export Processing Zone (EPZ) in Ho Chi Minh City. The details of the hyperscale data centre project will be revealed at CMC’s Annual General Meeting in 2024, scheduled for July 25 in Hanoi.

Upon approval, CMC ADI will begin operations, marking a strategic step for CMC to leverage the burgeoning data centre market and solidify its role in Vietnam’s digital transformation.

As of the end of Q1 2024, CMC Corporation had invested over $52.7 million across 10 subsidiaries. CMC ADI will become the 11th subsidiary, representing CMC’s second-largest investment after CMC Technology and Solutions Corporation, which has a charter capital of $12.9 million.

The data centre race in the first half of this year has seen significant milestones as domestic companies invest millions to build international-standard data centres, boosting autonomy in domestic internet infrastructure and enhancing global competitiveness.

“Without data centre investment, telecom operators will have no new growth space and will be replaced. Data centres must grow with cloud computing services; otherwise, it will simply be leasing positions. Every three years, global data doubles and Vietnam’s data growth rate is even faster,” said Nguyen Manh Hung, Minister of Information and Communications.

Partner Resources

Popular Right Now

Edgecore Insight Podcast

Ep-1: Navigating the Waters of Sustainability

Others have also read ...