G42 plans $2 billion Vietnam data centre
G42 reported to be partnering Vietnam's biggest IT company FPT
#Vietnam #UAE #datacentres - Abu Dhabi AI powerhouse G42 plans to develop a $2 billion hyperscale data centre in Ho Chi Minh City through partnerships with Vietnamese companies, including the country’s largest information technology services company FPT Corporation. Other partners reported to be involved by Vietnamise media include investment firm VinaCapital, and Viet Thai Group. City authorities are seeking Prime Minister approval for the initiative, which supports Vietnam's digital transformation programme targeting one million businesses, five million household enterprises, and 20,000 cooperatives with enhanced data capacity for artificial intelligence development.
SO WHAT? - The Ho Chi Minh City data centre would be one of G42’s largest AI infrastructure projects in South East Asia. The Abu Dhabi group already has AI infrastructure projects planned for Indonesia, Malaysia and Thailand. The news follows G42 visits to Vietnam in March and April, and meetings with Deputy Prime Minister Nguyễn Chà Dũng. The investment would serve Vietnam's critical need for data centre capacity as the country transitions towards a digital economy, whilst extending G42’s digital infrastructure footprint in the region.
Here are some key details about this news:
Abu Dhabi-based G42 plans to develop a $2 billion hyperscale data centre in Ho Chi Minh City in partnership with Vietnam’s largest information technology services company FPT Corporation, investment firm VinaCapital, and Viet Thai Group.
The project is reported to be pending final approval from the Prime Minister , with no specified timeline for development completion.
The initiative follows April discussions between Deputy Prime Minister Nguyễn Chà Dũng and G42 Senior Vice President Ali Al Amie regarding sustainable data centre development and AI infrastructure partnerships
G42 expressed interest in developing sustainable data centres, hyperscale facilities, and AI infrastructure, whilst helping build Vietnam's high-tech human resources capabilities.
Vietnam is implementing digital transformation support programmes for one million businesses, five million household enterprises, and 20,000 cooperatives, creating substantial data capacity demand.
The government encourages both domestic and foreign enterprise co-investment in data centres, 5G networks, and shared infrastructure to support national digital transformation goals.
Vietnam is currently planning a national data centre whilst promoting private sector investment in data infrastructure across the country.
G42's expansion into Vietnam follows the company's broader strategy of developing AI-related infrastructure in emerging markets beyond its UAE base, including India and South East Asia.
[Written and edited with the assistance of AI]