Saigon Asset Management (SAM) plans to raise a $300-million fund to develop data centre projects across Vietnam, as the firm also launched a data centre campus on Tuesday.
The fund expects a first close by Q4 2025 and targets to invest the majority of its capital in SAM DigitalHub, a data centre project it has launched in partnership with Vietnam Singapore Industrial Park (VSIP).
SAM DigitalHub will be located in VSIP 3 in Binh Duong, known as the industrial park town in Vietnam.
VSIP, a joint venture of Singapore’s Sembcorp and Vietnam-based Becamex IDC, is the largest industrial real estate operator in Vietnam. The partnership with VSIP secures SAM DigitalHub a 50-hectare, 150-megawatt capacity for its data centres, which anticipate a total investment cost of $1.5 billion.
