Da Nang attracts data centre project worth 100 million USD
A cooperation agreement was signed on the investment of a data centre worth about 100 million USD in the central city of Da Nang, during a virtual ceremony held on November 23.
Da Nang (VNA) – A cooperation agreement was signed on the investment of a data centreworth about 100 million USD in the central city of Da Nang, during a virtual ceremonyheld on November 23.
The centre will bejointly invested by the Da Nang IT Park Development Company and InfracrowdCapital of Singapore.
Speaking at the event, Founderand CEO/ Managing Director of Infracrowd Capital said the Da Nang IT ParkDevelopment will become its comprehensive strategic partner in the development ofgreen data centres and sustainable infrastructure in Vietnam.
This opens up chancesfor Da Nang to realise the target of turning itself into a smart city throughspeeding up e-Government services and digital economy development, includingartificial intelligence application, by 2030.
Also at the event, TrungnamElectronics Manufacturing Services and Xelex Technology Company sealed a dealon the manufacturing of 100,000 tablets which help students study online.
As of October 2021, DaNang had more than 900 valid foreign direct investment (FDI) projects with acombined registered capital of over 3.8 billion USD.
Of them, there are 140 informationtechnology projects capitalised at nearly 50 million USD. The IT sector will continue to havean important role to play in FDI attraction of the city./.
Vietnam is rated one of the 10 emerging markets in the global data centre market, with impressive growth, international standard service delivery capacity, and a large number of organisations and enterprises, research firm ResearchAndMarkets has said.
National Assembly (NA) Chairman Vuong Dinh Hue paid a working visit to the national population data centre under the Ministry of Public Security on August 27.
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The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
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According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
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The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
Under the theme “Breakthrough Era with the Development of Industrial Internet”, the event gathered over 400 delegates, including senior officials, leading Internet experts, and technology engineers from Vietnam and abroad.
At the signing ceremony (Photo: VNA) 
