$3.5 Billion AI Data Centre Complex Proposed in Vietnam’s Tay Ninh Province

A consortium led by Vietnamese technology firm Saigon Technology and Telecommunications JSC (SAIGONTEL) has submitted a letter of intent for a massive AI-focused data centre complex in Tay Ninh province, southern Vietnam. The proposed project, which could ultimately reach a total IT load capacity of 200 MW, is expected to involve an initial investment of approximately $3.5 billion for its first phase, positioning it among the largest data centre developments in the country.

The letter of intent was formally presented to the Tay Ninh Provincial People’s Committee on August 28 during the province’s investment promotion conference. Alongside SAIGONTEL, the consortium includes World Harmony Co., Ltd. (WVU), a subsidiary of World Vista United, and SAIF Eagle II Investment Co., Ltd., part of the SAIF Group. According to SAIGONTEL, the group plans to develop the complex across roughly 20 hectares at the Nam Tan Tap Industrial Park in Tan Tap commune.

The first phase of the project is designed for a 100 MW facility, with groundbreaking targeted for the fourth quarter of 2026 and commercial operations expected to begin in 2027. Following the submission of the letter of intent, the consortium will engage with Tay Ninh authorities and the local power sector to finalise the electricity supply plan and other regulatory mechanisms. These steps are required to complete the project dossier before formal investment policy approval procedures can be considered under Vietnamese regulations.

SAIGONTEL, a member of Saigon Invest Group (SGI), operates across industrial park infrastructure, technology, and telecommunications. The Nam Tan Tap Industrial Park itself is developed by Saigontel Long An Co., Ltd., a SAIGONTEL subsidiary, which will also join WVU and SAIF Eagle II in studying and developing the data centre project. WVU specialises in high-tech infrastructure and renewable energy and is currently developing a 32 MW hyperscale data centre in Taipei, Taiwan. SAIF Eagle II, as an investor, brings experience in data centre and semiconductor infrastructure; its affiliated international financial institution manages nearly $10 billion in assets and holds a portfolio of more than 500 companies.

The proposal arrives amid rising forecasts for computing infrastructure demand in Vietnam, driven by the rapid adoption of AI, cloud computing, and data services across the region. If built as planned, the 100 MW first phase alone would rank the facility among Vietnam’s largest data centres by capacity. For Tay Ninh province, the project could significantly bolster its digital infrastructure and enhance its appeal to technology firms and foreign direct investors. Over the longer term, the availability of large-scale data infrastructure may accelerate the growth of AI, cloud computing, and other high-tech industries both within the province and across Vietnam’s southern key economic region.