G42 and Vietnamese consortium to build national AI infrastructure

By Global Infrastructure Sherpa · Feb 9, 2026

Joint Venture Data CenterOther signed Vietnam Feb 9, 2026

USD1B

Deal Value

development

Stage

G42, FPT Corporation, and Viet Thai Group have formed a consortium to develop AI capabilities and cloud infrastructure across Vietnam. The partnership aims to support Vietnam's ambition to become an AI-native society and a leading AI hub in Southeast Asia, while ensuring national data sovereignty and digital resilience. Backed by spending commitments of up to $1 billion, the initiative involves deploying cloud capacity across three data center locations in Vietnam to deliver high-performance AI and cloud services. The agreement formalizes a comprehensive partnership and establishes the legal, financial, and regulatory framework required to advance deployment across the country.

Deal Analysis

G42, FPT Corporation, and Viet Thai Group have formed a consortium to develop national AI infrastructure across Vietnam, backed by spending commitments of up to $1 billion. This joint venture aims to support Vietnam's ambition to become an AI-native society and a leading AI hub in Southeast Asia, while ensuring national data sovereignty and digital resilience. The initiative involves deploying cloud capacity across three data center locations in Vietnam to deliver high-performance AI and cloud services, establishing a comprehensive partnership with a defined legal, financial, and regulatory framework. This deal is notable for its size, the involvement of key players like G42, and its potential impact on Vietnam's digital transformation. The deployment of cloud capacity across multiple data centers signifies a substantial investment in the country's AI and cloud infrastructure. The partnership aims to position Vietnam as a significant player in the Southeast Asian AI landscape, fostering innovation and economic growth.

Up to $1 billion investment in AI and cloud infrastructure.
Consortium includes G42, FPT Corporation, and Viet Thai Group.
Deployment of cloud capacity across three data center locations in Vietnam.
Aims to support Vietnam's ambition to become an AI-native society.

Market Context: The data center and AI sectors are experiencing rapid growth in Southeast Asia, driven by increasing demand for cloud services, digital transformation initiatives, and government support for technological innovation. Vietnam is emerging as a key market in the region, attracting significant investment in its digital infrastructure.