USTDA-sponsored study will assess the viability of a carrier-neutral, scalable and sustainable hyperscale AI and cloud campus, targeting 300 MW of power capacity for Phase 1 by 2030, incorporating green and renewable energy into its power mix, with access to high-capacity international connectivity.
Singapore | 25 September 2026 - Cushman & Wakefield has been appointed by Stavian Hightech Infrastructure PJSC, a member of Stavian Group, to lead a comprehensive feasibility study for Stavian Digital Park (SDP), a proposed hyperscale AI and cloud campus in Ho Chi Minh City. The United States Trade and Development Agency (USTDA) granted the study.
At the signing ceremony: Mr. Tony Dinh, Chairman of Stavian Group (second row, third from left); Mr. Danny Dung Le, CEO of Stavian Hightech Infrastructure PJSC (front row, far left); and Ms. Danielle Agress, USTDA Senior Country Manager for the Indo-Pacific Region (front row, far right), Andrew Green, Head of Data Centre Group, Asia Pacific at Cushman & Wakefield (second row, third from right), and H.E. Tran Phuoc Anh, Vietnamese Ambassador to Singapore (second row, fourth from left). Photo courtesy of Cushman & Wakefield.
The appointment was formalised at a signing ceremony attended by representatives from Cushman & Wakefield, Stavian Hightech Infrastructure PJSC and USTDA.
APTelecom will support Cushman & Wakefield as a specialist subcontractor to the feasibility study, leading work on telecommunications connectivity and digital infrastructure planning, while also contributing to hyperscale market development, commercialization strategy and financial modelling.
The project comes as cloud and artificial intelligence (AI) investment expands into emerging Southeast Asian markets. According to Cushman & Wakefield's 2026 APAC Data Centre Investment Landscape report, Vietnam remains the most underserved data centre market in Asia Pacific, with approximately 1.4 million people per MW of operational capacity, while ranking second in the region for yield on cost. Despite its relatively small installed base, the country continues to demonstrate strong long-term demand driven by significant digital infrastructure gaps, highlighting the opportunity for well-structured and bankable projects capable of meeting international requirements.
Analysis from Cushman & Wakefield's APAC Data Centre H1 2026 Update further highlights the growth of Ho Chi Minh City's data centre market, where the development pipeline reached 68 megawatts (MW) in H1 2026, more than double the city's existing operational capacity.
Although Vietnam's data centre sector remains at an earlier stage of development than larger regional hubs, regulatory reforms, rising international investment and improving connectivity are creating favourable conditions for projects that can meet global standards for scale, resilience, efficiency and sustainability.
Andrew Green, Head of Data Centre Group, Asia Pacific at Cushman & Wakefield, said:
"Data centre investment across Asia Pacific is expanding beyond established hubs and the next phase of growth will increasingly come from emerging markets that can support long-term hyperscale and AI-driven demand. With its competitive construction costs and strong data centre demand, there is significant opportunity in Vietnam to develop infrastructure that meets global standards for scalability, resilience and sustainability."
Andrew Green, Head of Data Centre Group, Asia Pacific at Cushman & Wakefield, speaking at the signing ceremony. Photo courtesy of Cushman & Wakefield.
SDP is envisioned as a purpose-built, carrier-neutral and sustainable campus integrating resilient power infrastructure, high-capacity telecommunications connectivity and operationally efficient facilities within a 300-hectare master-planned development. Its infrastructure roadmap includes access to international subsea connectivity of up to 200 Tb/s, alongside 300 MW of planned power capacity for Phase 1 by 2030. The project is designed to support global cloud service providers, enterprises, government digital infrastructure, content delivery networks and AI workloads. A key component of the master plan is the integration of on-site solar generation and renewable energy infrastructure, providing a pathway to lower-carbon power and supporting increasingly stringent sustainability and clean energy objectives.
The feasibility study comprises 15 integrated workstreams assessing market demand, site suitability, power infrastructure, telecommunications connectivity, financial viability, sustainability, regulatory requirements and implementation strategy. In addition to evaluating technical and commercial feasibility, the study will identify the conditions required to enhance the project's bankability and support future investment decisions.
As part of the broader feasibility study, APTelecom will assess SDP's telecommunications requirements, including domestic and international connectivity, network resilience, carrier-neutral access and the infrastructure required to support hyperscale cloud and AI workloads.
Danny Dung Le, CEO of Stavian Hightech Infrastructure PJSC, said:
"Stavian Digital Park is envisioned as a campus capable of meeting the requirements of hyperscale cloud providers, enterprises and other major digital infrastructure users while delivering long-term economic and strategic value.
SDP complements MViSTA, a proposed open submarine cable system linking Vietnam with Malaysia, Singapore and Thailand, and reflects our ambition to develop the advanced infrastructure required to support Vietnam's digital transformation. Cushman & Wakefield's global capabilities and understanding of the Vietnamese market will help provide the evidence base and implementation framework needed to advance the project."
USTDA's support for SDP aligns with its broader efforts to advance trusted and resilient digital infrastructure across the Indo-Pacific, including project-preparation assistance for submarine cable systems connecting markets across Southeast Asia and linking the region with the United States.
Thomas R. Hardy, USTDA’s Deputy Director, said:
“Vietnam is a growing hub for data and AI infrastructure in the Indo-Pacific, and this partnership lays the groundwork for a landmark project built on trusted technology. This project will help Vietnam meet its growing digital infrastructure needs while positioning U.S. companies to deliver the technology and expertise that clients are seeking for projects like this."
Findings from the study will provide stakeholders with an independent assessment of SDP's technical, commercial and financial viability, while helping establish the foundations for a bankable project structure capable of attracting long-term investment.
The study will also evaluate the project's potential contribution to employment, economic growth, technology transfer, foreign direct investment, U.S.-Vietnam trade cooperation and Vietnam's national digital economy objectives.
Hoang Nguyet Minh, Country Head of Cushman & Wakefield Vietnam, said:
"Vietnam is entering a decisive phase in the development of its digital economy, creating a clear need for larger, more resilient and more sustainable data centre capacity. Our role is to bring together market intelligence, technical assessment, financial analysis and development strategy to provide Stavian and its partners with a robust basis for investment and implementation. This study represents an important step towards shaping Stavian Digital Park into a well-planned development that can support Vietnam’s digital ambitions and evolving infrastructure needs."
