Vietnamese ICT company CMC Corporation has launched a data centre subsidiary. The new company – CMC AI Digital Infrastructure, or CMC ADI –will be constructing and operating hyperscale data centres.
CMC Corporation has invested some US$12.5 million in establishing the subsidiary which is headquartered in Tan Thuan Export Processing Zone in Ho Chi Minh City.
The Data Centre Dynamics website says it is expected that the company will go into more detail about its hyperscale data centre plans at CMC's annual general meeting on 25 July.
CMC ADI will be the eleventh subsidiary in which CMC Corporation has invested, and is the company's second-largest spin-off investment. Founded in 1993, CMC Technology Group is the second-largest IT and telecommunications company in Vietnam.
It’s not hard to see why CMC feels there is an opportunity in the country. The amount of global data doubles every three years, but Vietnam's data growth rate is said to be even faster.
Vietnam does not currently have a large data centre market – but that may be changing. Huawei has said it is considering a cloud region in Vietnam at some point.
Also, as we reported in May, ST Telemedia Global Data Centres (STT GDC) is expanding into Vietnam via a joint venture with Vietnamese tech firm VNG Corporation to build and operate data centres in Ho Chi Minh City.
Alibaba also aims to build a data centre in Vietnam, which at the moment has 22 data centres across three markets: Ho Chi Minh City, Hanoi, and Da Nang.