Nov 17, 2025 | Posted by Abdul-Rahman Oladimeji
Kinh Bac City Development Holding Corporation (KBC) signed a Memorandum of Understanding (MoU) with Accelerated Infrastructure Capital (AIC) and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) late last month to develop an AI data center complex in Ho Chi Minh City.
The companies aim to develop a ten-hectare, 200MW campus in Tan Phu Trung Industrial Park. The project could see up to $2 billion invested, which will be funded via equity and commercial loans, in which the equity capital is contributed by KBC, AIC, and partners.
Dang Thanh Tam, chairman of the KBC board of directors, said: “As a member of Saigon Invest Group, KBC wishes to contribute to the development of digital infrastructure in Vietnam. The data center is part of the process of upgrading the industrial park value chain, helping Vietnam to take the lead in new production and technology trends. We are honored to cooperate with domestic and foreign partners to implement this project, contributing to promoting investment, innovation, and sustainable development.”
Dang Nguyen Nam Anh, deputy general director of KBC, added: “Vietnam is entering the era of data and artificial intelligence, where data centers are the foundation of digital transformation. KBC will closely coordinate with domestic and foreign partners to jointly create data infrastructure and digital industry, based on its existing strengths in developing industrial parks and sustainable infrastructure.”
