The authorities in Vietnam’s Ho Chi Minh City granted investment registration certificates to several projects last Saturday, including two data center projects with combined capital of nearly $1 billion, in cooperation with Singapore businesses.

The biggest project is Evolution DC VN HCMC, a hyperscale data center with an investment of $508.8 million. It has a capacity of 52MW, serving cloud computing, artificial intelligence (AI), and big data processing needs. The facility is designed to meet Uptime Tier III standards and can be upgraded toward Tier IV.

The investor is a consortium of Singaporean firms, namely Hathor, Frontier, and Evolution.

Another hyperscale data center project, carried out by Starmason, has a registered capital of $480.26 million and a capacity of 60MW. The project is expected to expand large-scale digital infrastructure and support data security, while attracting global ICT service providers. The facility is also designed to meet Uptime Tier III standards and can be upgraded toward Tier IV.

StarMason is a joint venture between Singapore’s Sembcorp Development and Vietnam’s BB Holdings.

Two other projects are Tam Anh high-tech biomedical center, invested by local private hospital Tam Anh with $160 million; and Techtronic Tools Vietnam factory, invested by Hong Kong-headquartered cordless technology firm Techtronic Industries, with an additional capital of $81 million.

All four projects are located at Saigon Hi-tech Park of Ho Chi Minh City.

At the investment granting ceremony, Ho Chi Minh City officials highlighted the projects are part of the city’s efforts to attract investment in key sectors such as digital infrastructure and high technology.

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