Alibaba has initiated plans to build a data hub in Vietnam in order to store data locally in compliance with legal requirements, according to details given by Nikkei Asia.
Nikkei Asia shared that the Chinese tech giant is currently renting space for computer servers from two leading Vietnamese telecom groups - Viettel (run by the army) and VNPT (Vietnam Posts and Telecommunications Group).
Alibaba plans to build a data hub in Vietnam in an effort to keep pace with demand in one of Asiaβs fastest-growing economies.
The details of the cost and timeline for the project are yet to be made public.
However, revealed that the cost of building a data centre could potentially exceed US$1 billion.
According to information provided by Nikkei Asia, in addition to cost considerations, the reason that companies like Alibaba might wish to build their own servers is to ensure greater security and control over their information.
Viettel IDC, which owns five of the biggest data centres in the country, predicted that the Vietnamese data centre market will expand by 15% each year for the foreseeable future, and the figure is likely to be higher if a big cloud company like Alibaba chooses to invest.
π Key Information
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Tender Reference No.
503493225
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Publication Date
02 May 2024
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Estimated Value
USD 1000000000
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Sector
Telecommunications
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Deadline
31 Dec 2026
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Notice Type
Projects
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Location
China
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Contract Duration
2 Years 7 Months 29 Days
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Documents & Downloads
No documents found
π·οΈ CPV
No CPV found
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