Sembcorp Greenlights Major Data Center Investment in Vietnam March 27, 2026 Singapore's Sembcorp has received formal investment approval from the Vietnamese government for a significant 90-megawatt data center project in Ho Chi Minh City, marking a key step in the country's push to become a regional digital hub. The move underscores the accelerating data center expansion across Southeast Asia, driven by rising digital demand and evolving regulatory landscapes. The project will be developed through StarMason, a joint venture between Sembcorp and Vietnamese conglomerate BB Holdings. The facility is slated for a 4.5-hectare plot within the Saigon Hi-Tech Park in eastern Ho Chi Minh City and will be constructed in multiple phases. While the specific investment amount remains undisclosed, the scale of the project is substantial. The data center is designed to meet the stringent operational standards of Tier III classification, ensuring high reliability for potential tenants. A spokesperson for StarMason stated that the venture now "plans to progress evaluation and detailed development planning," indicating the next phase of preparatory work is underway. This development follows Vietnam's strategic relaxation of data center investment rules in July 2024, which opened the door for full foreign ownership of such facilities, a policy shift aimed at attracting international capital and expertise. For Sembcorp, a major renewable energy developer in the Asia-Pacific region, this project represents a strategic expansion of its infrastructure portfolio into a high-growth market. The approval signals growing investor confidence in Vietnam's digital infrastructure potential and is likely to spur further competitive developments in the country's data center sector, which is rapidly emerging as a focal point for regional capacity. Source: datacenterdynamics
Sembcorp Secures Approval for 90MW Data Center Project in Vietnam's Ho Chi Minh City
