CMC Corporation breaks ground on $300 mln technology hub in Hanoi

Vietnam's leading technology firm CMC Corporation on Monday broke ground on its $300 million Hanoi CMC Creative Space (CCS Hanoi) project.

The technology complex project marks a strategic turning point for CMC in terms of investment scale and long-term development orientation and is hailed as a key part of the country's push for innovation and digital transformation.

The project, developed by CMC Technology & Solution on a site of 11,000 sqm, will feature 23 floors above ground and three basements, with a total floor space exceeding 90,000 sqm.

Following the success of CMC’s first creative space in Ho Chi Minh City - CCS Tan Thuan, this is the second facility in the chain of Creative Spaces branded CCS.

While CCS Tan Thuan acts as a data infrastructure center, CCS Hanoi is oriented to become an open AI center (C.OpenAI).

CCS Hanoi aims to house a comprehensive tech ecosystem, including a state-of-the-art data center, research and development space, a human resource training area, and a startup incubation zone, employing over 5,000 engineers.

At the heart of the complex is CMC Data Center, designed to deploy cutting-edge technologies in AI, cloud computing, cybersecurity, big data, and next-generation networks.

The C.OpenAI ecosystem will also integrate 25 core technologies developed by CMC.

In his address at the event, Prime Minister Pham Minh Chinh praised the project as a testament to the private sector’s role in advancing Vietnam’s technological ambitions, aligning with the Party’s policy of making breakthroughs in sci-tech, innovation, and digital transformation.

With Vietnam targeting at least 8% economic growth in 2025 and double-digit expansion thereafter, the Prime Minister called for national unity to drive prosperity and safeguard the country's independence, sovereignty, and territorial integrity.

He urged CMC to lead in sci-tech, innovation and digital transformation, inspiring other businesses, educational establishments, and research centers, particularly young people, to contribute to Vietnam’s rapid and sustainable development.

He expressed his hope that CMC would grow into a major multinational corporation integrated into global value chains while prioritizing social welfare and equitable access to technology, especially for remote and vulnerable communities.

Nguyen Trung Chinh, chairman of CMC Corporation, said that CMC aims to achieve revenue of $1 billion by 2028, have 10,000 employees, be present in 30 countries, and achieve an average annual growth rate of 20%.

CCS Hanoi is a core part of the infrastructure serving the strategy of going global, as well as a space to deploy strategic cooperation with giants including Nvidia, Microsoft, Samsung, Google, and AWS, he highlighted.

Chinh noted that the biggest difference of CCS Hanoi is not in the design or height of the building, but in the goal it serves: Creating an open, multi-layered creative space where R&D groups, startups, universities, and technology enterprises can interact, share data, develop ideas, and commercialize technology products.

With a strategic vision, CMC positions itself as one of the leading large technology enterprises in the country, aiming to be one of Vietnam's five digital technology enterprises on par with those in advanced countries according to the target by 2030 of the Poliburo's Resolution 57-NQ/TW and one of 20 large enterprises participating in the global value chain according to the Poliburo's Resolution 68-NQ/TW.