Samsung C&T, Partner To Build $1.3 Billion Data Center In Vietnam

Samsung C&T, Partner To Build $1.3 Billion Data Center In Vietnam

Vietnam is becoming a data center hotspot given the lower cost of developing data centers there compared to other Asian countries. Property consultants Cushman & Wakefield estimates the average development cost in Vietnam at about $7 million per megawatt of capacity—well below the regional average of $10 million.

Vietnam's CMC inks $1B data center deal with SAMSUNG C&T

Vietnam’s CMC Corporation has signed a memorandum of Understanding (MOU) with Samsung C&T, South Korean enterprise in construction, trade, and technology, to build a hyperscale data center project in Ho Chi Minh City with total investment of $1 billion. CMC said in a statement on Tuesday that the phase 1 of the project will have a capacity of 30 MW with a total investment of #250 million, and subsequent phases will exceed 100 MW, bringing the to…