Vietnam-based CMC has signed a memorandum of understanding (MoU) with South Korean information and communications technology (ICT) provider Lotte Innovate to explore digital infrastructure development in Vietnam and regional markets. The agreement identifies five priority areas of cooperation: data centres, electric vehicle (EV) charging, security, offshoring and cloud computing. The companies plan to develop data centre projects and support the expansion of Vietnam’s cloud computing market, helping enterprises modernise infrastructure and accelerate digital transformation.
The partnership will also explore software development services and scalable digital solutions across Vietnam, South Korea and other regional markets, with a focus on growing demand for artificial intelligence (AI) adoption and digital transformation. CMC Korea is expected to help connect Vietnam’s technology capabilities with South Korean corporations, while Lotte Innovate will contribute its ICT and digital transformation expertise. The companies have not disclosed specific project locations, investment commitments or implementation timelines.
Vietnam’s data centre market was valued at USD1.04 billion in 2025 and is projected to reach USD3.19 billion by 2031, representing a compound annual growth rate of 20.47 per cent, according to research by Arizton Advisory & Intelligence. Market growth is being driven by digital platform adoption, AI development, rising internet usage and data traffic, and expansion of the digital economy.