Việt Nam is in the Top 10 emerging markets for global data

Việt Nam is rated one of 10 emerging markets in the global data centre market, with impressive growth, international standard service delivery capacity, and a large number of organizations and enterprises, research firm Researchand markets has said.

The Vietnamese data centre market stood at US$858 million last year and is forecast to grow at a compounded annual growth rate of over 14.64 per cent until 2026.

The growth in the vietnamese data centre market was driven by government projects and initiatives, the report said.

Data protection is a matter of global concern and is becoming an important issue on the agenda of the Vietnamese Government.

The data localisation requirement under the Cybersecurity Law, plus the need for better processing speeds to assist Vietnamese users are the main drivers, which are anticipated to significantly enhance the demand for data centres in the country.

The Vietnamese Government's inclination toward digitisation has further bolstered the demand for data centres across the country.

The Vietnamese data centre market is driven by the shifting of enterprise data to cloud platforms.