Vietnam plans to build at least 10 new undersea cable routes by 2030, increasing the total number to 15 with a minimum capacity of 350 Tbps.

The completion of financial-budget tasks requires strong, creative and flexible efforts as well as high determination not only from the financial sector but all sectors, localities and especially people and businesses, stated Minister of Finance Ho Duc Phoc.

VOV.VN - The Vietnamese data centre market is capturing the attention of foreign investors due to high demand, according to JLL's comprehensive market report on the nation’s data centre sector.

VOV.VN - Alibaba has initiated plans to build a data hub in Vietnam in order to store data locally in compliance with legal requirements, according to details given by Nikkei Asia.

The military-run telecom service provider Viettel on April 10 inaugurated its data centre in Hoa Lac Hi-tech Park in Hanoi - one of the largest data centres in Vietnam so far.

The Ministry of Public Security has introduced a draft proposal for the Data Law, addressing the need for including the national data centre.

The Government on October 30 approved a development plan on the National Data Centre, expected to help Vietnam reach higher positions in the global e-Government, information technology, and cybersecurity rankings.

Vietnam’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages and logistics, according to John Campbell, Associate Director, Head of Industrial Services at Savills Vietnam - the largest and most experienced real estate services company in the Southeast Asian nation.

Ho Chi Minh City is ranked among the top markets in the land price category for data centre development, experts said.

Foreign and domestic companies are strongly eyeing to develop data centres in Vietnam, as demand for data storage in the country is increasing.