Sembcorp to develop 90MW data center in HCMC

Sembcorp Development, a leading Singapore-based sustainable urban developer and a wholly-owned subsidiary of Sembcorp Industries, has received investment approval for a 90MW data center in Vietnam’s southern metropolis of Ho Chi Minh City.

According to Sembcorp’s announcement last Friday, the project will be developed by its 49%-owned joint venture with local partner BB Holdings, named StarMason Joint Stock Company (StarMason).

StarMason plans to progress evaluation and detailed development planning for the project, which will span 4.5 hectares with a designed capacity of 90 MW in Saigon Hi-Tech Park (SHTP).

The campus will be built in phases and support up to 90 MW of computing capacity. It will be designed to meet the international standard for data center performance, Uptime Institute Tier III classification, with the ambition of achieving the highest Tier IV classification.

Once operational, the campus will serve the accelerating demand for cloud services, AI computing, and advanced workloads in Vietnam’s rapidly growing digital economy, Sembcorp stated without specifying the project's investment.

SHTP is one of Vietnam’s premier technology and innovation districts and HCMC’s leading innovation ecosystem. The planned campus in SHTP is aligned with Sembcorp’s focus on supporting Vietnam’s national digital infrastructure priorities, the firm stressed.

Lee Ark Boon, CEO of Sembcorp Development, said: “Vietnam’s digital economy is accelerating at an unprecedented pace, fuelled by cloud adoption and advancement in AI. This investment approval is a key milestone that allows Sembcorp to contribute its development expertise in support of high‑performance infrastructure for hyperscalers and AI‑driven businesses.”

With this first proposed data center project in Vietnam, StarMason will look to build on this momentum by exploring further opportunities to expand its data center campus development pipeline in the country.

The project comes amid a surge of data center investments in HCMC since early 2026

A consortium including G42, backed by a sovereign wealth fund from the United Arab Emirates and Microsoft, along with FPT Corporation, VinaCapital, and Viet Thai International, signed agreements to develop large-scale data center infrastructure in the same high-tech park, with total planned investment of up to $2 billion.

Separately, the municipal Department of Science and Technology has partnered with Accelerated Infrastructure Capital to develop an AI-focused data center in Tan Phu Trung Industrial Park. The project, backed by a joint venture including Kinh Bac City Development Holding Corporation and international investors, is expected to require around $2.1 billion in investment, with full capital disbursement targeted by the end of the first quarter of 2027.