FPT and GS E&C Partner to Build AI-Ready Data Centers and Smart Cities in Vietnam
April 23, 2026
HANOI, Vietnam – Global technology corporation FPT has signed a Memorandum of Understanding with South Korea's GS Engineering & Construction Corporation (GS E&C) to jointly develop AI-ready data center infrastructure and smart city projects in Vietnam, marking a significant step in the country's push toward digital transformation and sustainable urban development. The agreement was formalized during the Vietnam-South Korea Business Forum in Hanoi, held in conjunction with the official visit of South Korean President H.E. Lee Jae Myung to Vietnam.
The partnership underscores the growing strategic alignment between the two nations, rooted in their comprehensive strategic partnership in technology and infrastructure. Under the deal, FPT and GS E&C will focus on building large-scale data center facilities designed to meet hyperscale, colocation, and enterprise demand, with an emphasis on scalability, energy efficiency, and advanced cooling technologies. The collaboration will also extend to smart city development, covering digital infrastructure, intelligent transportation, smart energy management, public safety, and urban services through the integration of AI-enabled and IoT-based solutions.
"The partnership between FPT and GS E&C reflects the growing strategic alignment between Vietnam and South Korea, grounded in the two countries’ comprehensive strategic partnership in technology and infrastructure development," said Ha Minh Tuan, Chief Executive Officer of FPT Korea, FPT Corporation. "With our AI-first strategy and AI-augmented workforce, FPT is committed to contributing our technology capabilities to strengthen long-term digital capacity, advance technology transfer, and deepen cross-border cooperation between the two markets."
GS E&C CEO Yoonhong Huh noted that the partnership would pursue a pragmatic, phased approach, starting from an initial tens of megawatts scale and potentially expanding in line with market demand. "This collaboration with FPT Group represents a meaningful step toward supporting Vietnam’s digital transformation through data center and smart city development," Huh said. "GS E&C will lead project development and execution, leveraging its expertise in data center design and construction as well as integrated smart city infrastructure solutions, while working closely with FPT’s ICT and digital platform capabilities." He added that the partnership aims to build mutual trust and create tangible value and job opportunities for both Vietnam and Korea.
By combining GS E&C's strengths in engineering, construction, and large-scale infrastructure delivery with FPT's capabilities in cloud services, digital platforms, and local ecosystem engagement, the partnership is expected to support rising demand for cloud services, high-performance computing, and AI workloads in Vietnam. FPT, which entered the South Korean market in 2016, has established itself as a trusted technology partner to leading enterprises including LG Electronics, LG CNS, and Shinsegae I&C, supported by more than 300 on-site experts and over 2,500 offshore engineers. The company reported total revenue of USD 2.66 billion in 2025 and employs over 54,000 people globally.
GS E&C, founded in 1969 as Lucky Construction, has grown into one of Korea's leading construction firms and is recognized as the country's foremost builder in the data center sector, having delivered the largest number of domestic projects with end-to-end capabilities across development, design, construction, and operation. The company continues to strengthen its competitiveness in hyperscale and next-generation data center developments to support the AI and data-driven economy.
Source: businesswire
