Huawei is considering long-term investments in data centers in Vietnam. However, due to the significant costs involved in establishing a data center, stakeholders are seeking innovative solutions to guarantee substantial returns on their investment.
Hanoi (VNA) – Huawei is considering long-term investments in data centers in Vietnam. However, due to the significant costs involved in establishing a data center, stakeholders arꦜe seeking innovative solutions to guarantee substantial returns on their investment.
Dao Quang Vinh, Director of Huawei Vietnam Solutions (Photo: Vietnam+)
Huawei's Director of Solutions in Vietnam Dao Quang Vinh sees significant potential in the country's cloud computing market, which is attracting increasing interest from investors. Many companies are developing long-term strategies to establish data centers in Vietnam.
According to a 2024 report by Viettel, Vietnam's cloud computing services market is projected to surpass 1.2 billion USD by 2030, with an annual growth rate of 11-12 percent. While the market is currently only half the size of some regional counterparts, Vietnam leads Southeast Asia in growth rate and ranked third in Asia in 2023 with a 19 percent increase.
In the Asia-Pacific region, Huawei has established data centers in most medium to developed economies, including Singapore, Thailand, Indonesia, Malaysia, and the Philippines. Vietnam remains a key target for their expansion.
At the 'New Horizon Business Summit 2024,' Dao Quang Vinh, Director of Huawei Vietnam Solutions, highlighted the promising growth and robust year-on-year expansion of Vietnam's cloud computing market.
He noted that digital transformation in the country is accelerating, with significant investments from both end-users and major IT players in data center infrastructure. Telecom giants Viettel, VinaPhone, and MobiFone are leading substantial data center investments, playing a crucial role in 5G development.
Commenting on Vietnam's cloud computing market, Vinh noted that it is set to grow in multiple dimensions, presenting strong opportunities for investors.
Huawei is eyeing Vietnam for long-term investments in data centers. However, establishing a data center involves significant costs, and stakeholders are looking for a breakthrough to ensure substantial returns on investment.
With signs of economic recovery, demand for cloud computing is expected to grow daily. Dao Quang Vinh expressed hope that Huawei will soon establish a data center in Vietnam, as the company has already set up facilities in nearly all countries with emerging and developed economies in the region, such as Singapore, the Philippines, and Indonesia.
Illustrative image (Photo: Vietnam+)
Vinh elaborated on Huawei’s stringent standards for data center investments, which require a minimum of three availability zones.
An availability zone is a distinct subset of IT infrastructure that does not share critical components with other zones and is geographically separated to mitigate potential issues.
Huawei’s commitment to stability means these zones must be located at least 30 kilometers apart. The company is currently assessing market demand and will proceed with establishing its data center in Vietnam once demand reaches a critical threshold.
Many companies are developing long-term strategies to establish data centers in Vietnam. (Photo: Huawei)
Addressing the impact of AI development on the cloud computing market, Vinh noted the growing demand for AI applications across various sectors.
Huawei is optimistic about the AI market’s potential in Vietnam but acknowledges that widespread AI applications will take time to develop.
He also pointed out that the Vietnamese government’s high level of attention to the cloud computing market, coupled with stringent requirements, differentiates the Vietnamese market from others./.
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