Vietnam: Infracrowd Capital signs MoU to develop $100 million data center in Vietnam

Singaporean infrastructure investment firm Infracrowd Capital has plans to develop a data center in Vietnam. Infracrowd signed a Memorandum of Understanding (MOU) with Nang IT Park Development Joint Stock Company for the data center development. The company will be developing a Tier III data center in Da Nang IT Park, which costs $100 million. 

IT Park Development Joint Stock Company director, Nguyen Anh Huy said the data center development is an amazing project for the Danang IT Park. He also added that the company believes Infracrowd has great reasons to partner with Danang IT Park on the data center development. Infracrowd Capital was founded in 2019 with a focus on sustainable infrastructure. The company’s plans for a data center in Vietnam will also be its first investment in data centers.