Saigon Asset Management (SAM) has unveiled plans to establish a major data centre campus in southern Vietnam, with a targeted investment of up to US$1.5 billion. Alongside this ambitious project, SAM announced the launch of a US$300 million fund aimed at boosting data centre investment in the region.
The proposed SAM DigitalHub is set to span 50 hectares and will have a power capacity of 150MW, designed to scale rapidly in response to the increasing demand from international operators and hyperscalers. Notably, the project will focus on sustainability, with an initial renewable energy capacity of 50MW planned for the campus.
To develop the DigitalHub, SAM will collaborate with Vietnam Singapore Industrial Park (VSIP), a government-to-government (G2G) initiative formed by energy and urban solutions provider Sembcorp and industrial real estate developer Becamex. The first phase of the DigitalHub is on track for completion in 2027.
“The three main challenges have been licensing, land, and power. By partnering with VSIP, we have effectively addressed these issues, paving the way for the launch of our SAM DigitalHub,” said Louis Nguyen, CEO of SAM.
Nguyen also noted that Vietnam currently has an estimated 200MW of data centre capacity, which will need to double in the coming years to accommodate the growing demand from foreign technology companies, especially following the 2022 decree by the Vietnamese government mandating local storage of user data.
SAM has also launched a $300 million Vietnam Data Center Fund, with the first closing expected by the fourth quarter of this year. The initiative aims to support SAM’s digital infrastructure projects and attract international investment.
