SAIGONTEL proposes 91,000 billion VND AI data center in Tay Ninh
This Aveluro analysis covers SGT on HOSE in the Technology sector. The classified event type is strategic partnership, with positive sentiment and a deterministic market-impact score of 7.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
SAIGONTEL (SGT) has joined forces with two international partners to propose a 91,000 billion VND AI data center complex in Tay Ninh province. The project, presented at a provincial investment conference on August 28, 2026, includes a phase 1 investment of 3.5 billion USD for 100MW capacity, with commercial operation targeted for 2027. This marks SGT’s strategic move from industrial park infrastructure into digital infrastructure.
Key Facts
- The consortium includes SAIGONTEL (SGT), World Harmony, and SAIF Eagle II, which submitted a letter of interest to the Tay Ninh People’s Committee on August 28, 2026.
- The project will be located in the Nam Tan Tap Industrial Park, covering 20 hectares with a target total IT capacity of 200MW.
- Phase 1 has a scale of 100MW with a total investment of 3.5 billion USD (approximately 91,000 billion VND).
- Construction is planned to start in Q4/2026, with commercial operation targeted for 2027.
- The facility is designed to Tier IV standards, with 99.999% uptime and advanced cooling solutions including direct liquid and immersion cooling, supporting densities up to 150kW per rack.
- The project aims for international connectivity with latency under 18ms to Singapore.
- SAIF Eagle II, part of SAIF Group, manages assets of approximately 10 billion USD and has participated in AIDC complexes with over 300MW total capacity and 31 semiconductor investment projects.
- World Harmony, part of World Vista United, had consolidated assets of 13.83 billion Taiwan dollars in 2025 and operates over 70MW of renewable energy.
What Happened
On August 28, 2026, at the Tay Ninh Province Investment Promotion Conference, a consortium comprising SAIGONTEL (SGT), World Harmony, and SAIF Eagle II submitted a letter of interest to the provincial government to study the AI Data Center Complex at Nam Tan Tap Industrial Park. The project is planned for 20 hectares with a target IT capacity of 200MW, with phase 1 focusing on 100MW and an investment of 3.5 billion USD.
The consortium outlined plans to start construction in Q4/2026 and achieve commercial operation in 2027. The facility will be built to Tier IV standards, featuring advanced cooling technologies for AI workloads, including direct liquid and immersion cooling, supporting densities up to 150kW per rack. It also aims to provide international connectivity with latency under 18ms to Singapore, catering to AI, cloud computing, and data processing needs.
SAIGONTEL, as the developer of Nam Tan Tap Industrial Park, will act as the local lead, while SAIF Eagle II serves as the primary investor, and World Harmony as co-initiator. The consortium will work with Tay Ninh province and the electricity sector to finalize power supply plans before submitting the investment proposal for approval.
Market Context
SGT closed at 9,700 VND on August 28, 2026, on the HOSE. The company has traditionally been involved in industrial park infrastructure, but this project signals a pivot toward digital infrastructure, leveraging its land bank. The Vietnamese data center market is growing rapidly, driven by digital transformation and foreign investment, with major players expanding capacity. This proposal aligns with the government’s push to develop digital infrastructure and attract high-tech investment.
Strategic Significance
For long-term investors, this project represents a significant strategic shift for SGT, moving from a traditional industrial park developer to a player in the high-growth data center and AI infrastructure sector. The involvement of international partners with deep expertise and capital (SAIF Group with 10 billion USD in assets, World Harmony with renewable energy and hyperscale data center experience) adds credibility and reduces execution risk. The project’s scale (200MW total) positions SGT to capture demand from global tech companies seeking low-latency connectivity to Singapore. However, the project is still in the proposal stage, and execution will depend on regulatory approvals, power supply agreements, and financing.
What to Watch
- Submission and approval of the investment proposal by Tay Ninh province and relevant central authorities.
- Finalization of power supply agreements with local utilities and the Ministry of Industry and Trade.
- Progress on land clearance and site preparation at Nam Tan Tap Industrial Park.
- Announcement of financing details, including equity and debt arrangements for the 3.5 billion USD phase 1 investment.
- Updates on partnership agreements with potential anchor tenants or hyperscale cloud providers.