Ho Chi Minh City is witnessing a structural shift in foreign direct investment (FDI), marked by the emergence of billion-dollar projects in data centres, digital infrastructure and financial technology.

Vietnam, particularly Ho Chi Minh City, is emerging as a new destination for billion-dollar capital flows into data centre real estate, driven by rapid AI adoption and a growing push for digital infrastructure.

VOV.VN - Party General Secretary To Lam chaired a working session with National Data Centre No. 1 in Hanoi on December 29, highlighting the centre’s strategic role in Vietnam’s data economy and digital society, while setting out key requirements and directions for 2026.

VOV.VN - Deputy Prime Minister Bui Thanh Son met Lao Deputy Minister of Technology and Communications Saysanaa Sitthiphone in Ho Chi Minh City on November 25, affirming that Vietnam is ready to share its digital transformation experience with Laos.

A wave of investment in artificial intelligence (AI) data centres is sweeping across Vietnam, with both domestic and international corporations announcing multi-billion-US dollar projects that are set to transform the country into a rising hub in the regional AI infrastructure map.

Construction of the An Khanh Data Centre and the Viettel Research & Development Centre began on August 19, part of a nationwide campaign to mark the 80th anniversary of the August Revolution and National Day, which sees 250 projects launched or inaugurated simultaneously across 34 provinces and cities.

VOV.VN - Prime Minister Pham Minh Chinh, along with leaders of relevant ministries and agencies, pressed the button to inaugurate National Data Centre No. 1 in Hanoi on August 18 in an effort to accelerate digital transformation.

Vietnam is an ideal destination for data centre investment and the country is expected to see further interest from international investors, experts said.

VOV.VN - Ho Chi Minh City’s People’s Committee has received a proposal to develop a US$2 billion hyperscale data centre, jointly submitted by a consortium of major investors including G42 (UAE), FPT Corporation, VinaCapital, and Viet Thai Group.

The surge in AI demand is significantly impacting plans on data centre investment and expansion in Vietnam as global tech giants and local players are racing to capture the market.