Sembcorp Development Secures Investment Approval to Develop Proposed Hyperscale- and AI-ready Data Centre Campus in Ho Chi Minh City
March 27, 2026
Vietnam, March 27, 2026 – Sembcorp Development, through its 49%-owned joint venture with BB Holdings, StarMason Joint Stock Company (StarMason), has received investment approval for the proposed development of a state-of-the-art hyperscale- and AI-ready data centre campus in Saigon Hi-Tech Park (SHTP).
With this approval, StarMason plans to progress evaluation and detailed development planning for a scalable, high-performance campus in Ho Chi Minh City on a site spanning approximately 4.5 hectares. The campus is envisaged to be built in phases and support up to 90MW of computing capacity. It will be designed to meet the international standard for data centre performance, Uptime Institute Tier III classification1, with the ambition of achieving the highest Tier IV classification. Once operational, the campus will serve the accelerating demand for cloud services, AI computing and advanced workloads in Vietnam’s rapidly growing digital economy.
SHTP is one of Vietnam’s premier technology and innovation districts and Ho Chi Minh City’s leading innovation ecosystem. The planned campus in SHTP is aligned with Sembcorp’s focus on supporting Vietnam’s national digital infrastructure priorities.
Mr Lee Ark Boon, CEO of Sembcorp Development, said, “Vietnam’s digital economy is accelerating at an unprecedented pace, fuelled by cloud adoption and advancement in AI. This investment approval is a key milestone that allows Sembcorp to contribute its development expertise in support of high‑performance infrastructure for hyperscalers and AI‑driven businesses.”
The partnership combines Sembcorp’s track record in industrial and infrastructure development with BB Holding’s more than 30 years of experience in large-scale integrated urban projects across Vietnam, providing a strong platform for the planned development of the campus.
With this first proposed data centre project in Vietnam, StarMason will look to build on this momentum by exploring further opportunities to expand its data centre campus development pipeline in the country.
- End -
1 The Uptime Institute data centre classifications are divided into four Tiers that match a particular business function and define criteria for maintenance, power, cooling and fault capabilities, with Tier IV being the highest standard