The explosion of the digital economy has changed the buying behavior of consumers drastically. The trend of online shopping has helped e-commerce thrive, especially after the pandemic. This has created opportunities for data center in Vietnam to become “fertile ground” for investors in the next few years.
Data center in Vietnam is gathering investors’ attention
Data center real estate has opened a new direction in the investment and business strategies of developers. Vietnam is rated by experts as one of the 10 emerging markets on the global data center map.
The data center warehouse market in Vietnam is concentrated in the two largest economic centers in the country, Hanoi and Ho Chi Minh City. Ho Chi Minh City, with a total of 20 centers and 60 service providers.
In a report by Savills, it is predicted that the growth rate of the data center market will increase at an average annual rate of 14.64% per year until 2026. This growth shows the growth potential of the field. This is also an inevitable trend that investors will be interested in in the coming time.
CMC etsablishes a data center with an investment of up to VND 1,500 billion in Tan Thuan, District 7
The city granted the Quang Dung Technology Distribution (QD TEK) and NTT Global Data Centers (GDC) consortium a license in March 2022 to build and operate the HCMC Data Center project, a high-tech Tier III+ facility with a floor area of 16,649 m2 and a total investment capital of 56 million USD.
By June 2022, Gaw Capital Partners will have developed a level 3 standard data center, in Ho Chi Minh City Hi-Tech Park, which is expected to come into operation in 2024.
With the attraction of investment capital combined with supportive policies and the potential of data center Vietnam real estate market, the government has set a future goal of trying to make Vietnam the Digital Hub of the Asia-Pacific region.
Criteria for choosing a data center for rent in Vietnam
The data center real estate market in Vietnam is growing strongly to meet the increasing needs of businesses. However, in order to select a data center that will provide a good and stable service, businesses must consider the four criteria listed below:
– Clearly define needs when renting/buying data centers: each center will have a different format to serve each specific purpose, with a large center equipped with thousands of modern machines and systems. to meet the needs of storing and processing large amounts of data. Therefore, you need to clearly define your needs to avoid wasting space, infrastructure and rental costs.
– The size of the various data centers will also influence the operation strategy; the system requirements will differ, as will the scale and rental rates.
– Location of data centers: depending on the type of data for what purpose, each data center will be located in separate locations. There are centers that will be located in high-tech zones of key regions or provinces near the city center.
– Security is an extremely important element of a data center. You need to pay attention to the security of the operating system, connectivity, stability and high speed of the bandwidth and transmission line so that the data is always updated quickly, easily detect the errors. unauthorized access on the internet environment.
To meet information security requirements, rent data center space must adhere to strict guidelines.
In addition, the rental data center needs to achieve certifications of many different standards: Quality management system (ISO 9001), Information security management system (ISO 27001, ISO 27017), Certificate of Payment Security (PCI DSS), Energy Management System (ISO 50001),…
Read more: The factory market for sale in Vietnam is a bright spot for industrial real estate in 2022
Savills Vietnam, specializes in providing rental, buying/selling data centers in Vietnam, package service, competitive price
With the strengthening and coordination of the regional network and the experience and understanding of the Vietnamese market, Savills Vietnam has provided full-service industrial real estate solutions for domestic and foreign enterprises. In particular, capturing the investment trend Savills provides solutions for leasing, buying/selling data centers in Vietnam at the most competitive prices in the market.
Savills Vietnam specializes in providing the leading data center rental, purchase/sale service in Vietnam
Vietnam’s data center services from Industrial Savills Vietnam always ensures good infrastructure and convenient locations, with offices in Ho Chi Minh City, Da Nang, Hai Phong, Hanoi, and other provinces to meet all data storage needs of small and medium-sized businesses.
With 3 offices in Hanoi, Ho Chi Minh and Da Nang, Savill Industrial’s team of consultants has leased more than 559,164 m2 and 494,111 m2 of industrial real estate to many domestic and foreign enterprises. Among them are: CocaCola, Shopee, HZO, Medtronic Vietnam.
Read more: Renting Good Quality Warehouse in Long An in the first half of 2023
Conclusion
Finding a suitable location to build a data center is an extremely complex process that requires a huge capital investment. This will relate to the trend of long-term land leases of 10 to 30 years to stabilize operations. Therefore, many businesses have chosen to rent data centers in high-tech zones in key economic regions to open new investment directions in the future.
If you are in need of advice on data center rental services in Vietnam at a preferential price, contact Mr John Campbell via hotline: 0986.718.337 for a consultation from our industrial expert at Savills Vietnam. We offer solutions for leasing or buying and selling data centers tailored to business needs in prime locations in each region.
In addition, you can refer to industrial real estate projects at Savills Industrial here.
