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Vietnam's data center economy has witnessed steady expansion in recent years. According to research by Research and Markets, the sector is projected to reach USD 1.03 billion by 2023. The market size in 2022 was valued at USD 561 million and is expected to grow at a compound annual growth rate (CAGR) of 10.78% until 2028.

This growth can be attributed to various factors, including the country's fast-growing digital economy, increased internet penetration, and the government's proactive approach towards developing the IT infrastructure.

Favorable Business Environment

Vietnam offers a favorable business environment for data center investments. The government has implemented policies and regulations that encourage foreign direct investment (FDI) in the technology sector. Companies looking to establish a presence in Vietnam can benefit from tax incentives, streamlined procedures, and a supportive legal framework.

Strategic Location

Vietnam's strategic location in Southeast Asia is another compelling factor contributing to the growth of its data center market. The country acts as a bridge between the major economies of China and ASEAN, making it an ideal hub for businesses seeking to expand their operations in the region. Its proximity to other rapidly developing economies, such as Thailand and Indonesia, further enhances its attractiveness as a data center destination.

Innovative Infrastructure

One of the key factors that differentiate Vietnam's data center market is its innovative infrastructure. The country has invested significantly in building state-of-the-art facilities equipped with advanced technologies such as cloud computing, edge computing, and artificial intelligence. These advancements enable data centers in Vietnam to offer high-performance computing, enhanced security measures, and efficient energy management systems.