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Evolution DC VN HCMC (VN02)

Thu Duc (SHTP), Ho Chi Minh City, Vietnam · HCMC metro market · location approximate to district level

Evolution DC VN HCMC (VN02) is a data center project in Thu Duc (SHTP), Vietnam, operated by Evolution Data Centres. It is at the land and permitting stage. It is planned for 52 MW of IT load.

Latest change on record: entered the record as land and permitting in April 2026.

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Stage
Land and permitting
Planned IT load
52 MW
Running now
Not disclosed
Operator
Evolution Data Centres
Colocation
AI workloads
Likely
Evidence grade
Corroborated
Will it get built?Open question2 of 7 gates passed
✓ Land secured○ Power arranged○ Approvals granted✓ Money committed○ Tenant or own use○ Builder appointed○ Construction started

Next gate to watch: Power arranged.

Your call. Will it be built?

Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.

How Vietnam approves, powers and taxes data centers is on Data center rules in Vietnam.

How well evidenced is it

Construction or financing is evidenced, or several independent signals agree. On record: named funder, committed or approved capital, dated, sized phase, three or more sources, dated source in the last 24 months. Criteria.

AI workloads

StatusLikely

The IRC filing describes it as serving cloud computing, AI and big-data processing; Uptime Tier III+ targeting Tier IV; 52MW modern greenfield by an international hyperscale-focused operator (Evolution also builds a 69MW PH campus and a 52MW TH facility). No liquid-cooling spec or GPU tenant, so 'likely'.

Access to AI chips

GradeNo public signal

Nothing found in the public record. This describes the record, not the company, and it is not evidence that access was sought or denied. Criteria.

Licence required as enforced (Country Group D:1), no named authorisation found · Licence required as enforced (Country Group D:1), no named authorisation found (2026-09-27) source

Phases

VN02 full build · Land and permitting52 MW, target 2027

Stage history

2026-04Land and permitting · technode.global

Who is behind it

OperatorEvolution Data Centres · Colocation
Funder, EquityEvolution Data Centres
Funder, EquityHathor
Funder, EquityFrontier

Who uses the compute

Checked on 2026-10-02. No user of this capacity is on the public record. ArusGrid read the operator's releases, the landlord's and contractors' exchange filings, regulator and lender documents and interconnection records. Most colocation leases are confidential, so this says nothing about occupancy.

Money at this site

Approved by a government investment agency, 2026-04US$508.78m

An approval figure is an incentive ceiling. It often covers a first phase and can exclude land or IT equipment.

Land
Allocated byHo Chi Minh City / Saigon Hi-Tech Park · 5 ha · leasehold · Aug 2026 Reported source ↗
50-year lease
Allocated byHo Chi Minh City People's Committee (Saigon Hi-Tech Park) · 49,500 sqm · leased · Aug 2026 Reported source ↗
Lot T8 in the Hi-Tech Park, leased without auction or tender.
Power supply
Power allocation or planApr 2026 Reported source ↗
At least 30 percent renewable · The investment certificate commits the project to at least 30 percent renewable energy and net zero by 2045. Supply route not stated.

Sources

  1. en.sggp.org.vn
  2. technode.global
  3. danviet.vn
  4. Markets, VN02 Ho Chi Minh City 52MW IT load, RFS Q4 2027 (Evolution Data Centres, 2026-08-01)
  5. Vietnam leases 5 hectares to Singapore-backed Evolution for $508M hyperscale data center (TNGlobal, 2026-08-20)
  6. Evolution DC secures long-term lease for land in Ho Chi Mihn City, Vietnam (DCD, 2026-08-21)
  7. Evolution leases 50,000 sqm land to build 52MW data center in Ho Chi Minh City (W.Media, 2026-08-27)
  8. Hơn 1,2 tỷ USD đăng ký đầu tư vào Khu Công nghệ cao TP.HCM trong 9 tháng 2026 (Báo Đầu tư, 2026-09-24)
  9. TPHCM trao chứng nhận đầu tư cho 4 dự án công nghệ cao, tổng vốn hơn 1,23 tỷ USD (Sài Gòn Giải Phóng, 2026-04-25)
  10. Evolution rents five hectares for data centre in Ho Chi Minh City (Vietnam Investment Review, 2026-08-20)
  11. TP.HCM cho thuê 44.000m2 làm siêu trung tâm dữ liệu 480 triệu USD (CafeLand.vn, 2026-09-09)

Same campus, Saigon Hi-Tech Park

More in HCMC metro

Also run by Evolution DC

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