Hanoi, Jan. 16 -- Vietnam, particularly Ho Chi Minh City, is emerging as a new destination for billion-dollar capital flows into data centre real estate, driven by rapid AI adoption and a growing push for digital infrastructure.

Few months after Kinh Bac City Development Holding Corporation, Accelerated Infrastructure Capital (AIC) and VietinBank announced a 2-billion-USD partnership to develop an AI-enabled data centre complex, the Ho Chi Minh City People's Committee swiftly established an inter-agency task force to accelerate project implementation, remove procedural bottlenecks and support investors in completing regulatory requirements.

The project will be developed on a 10-ha land plot at Tan Phu Trung Industrial Park, a strategica...