ASIA PACIFIC DATA CENTRE CAP DECK

THAILAND Thailand is growing in its significance as a prominent ASEAN market as it continues to develop and evolve its digital ecosystem. As a result, the market is becoming increasingly popular with data centre investors and operators who are exploring the market, especially, Bangkok, which houses more than 90% of Thailand’s operational data centre capacity. Power availability and reliability is stable and improves away from central Bangkok as does the availability and cost of land. The Thailand Board of Investment (BOI) has established a range of non-tax and tax incentives that promote the growth of the country’s data centre industry, such relaxing restrictions for foreign ownership and corporate tax relief offerings, waivers on machinery imports, and VAT exemptions.

VIETNAM Vietnam remains as a new frontier for data centres in Asia Pacific. However, it is poised for steady expansion as its neighbouring ASEAN markets witness solid growth. In preparation, Vietnam’s digital economy is undergoing signification transformations driven by evolving regulations forced on by the impetus for greater digitalisation. Forward-thinking enterprises such as Apple, Intel, Canon, Samsung, LG, LEGO, Airbus, and other global organisations have begun working with partners based in Vietnam to establish digital transformation strategies as part of a holistic approach to global business. The Vietnamese government has also announced the National Data Centre Project that is planned around more securely storing government data as it moves towards greater digitisation in the public sector.

Q2 2024 KEY INDICATORS

Q2 2024 KEY INDICATORS

12 OPERATORS, 29 DATA CENTRES

24 OPERATORS, 55 DATA CENTRES

51MW IN OPERATION

63MW IN OPERATION

11MW UNDER CONSTRUCTION

80MW UNDER CONSTRUCTION

28MW PLANNED

324MW PLANNED

CONTACTS Click on each name to email them

CONTACTS Click on each name to email them

GARETH POWELL Country Head, Thailand

NITA ATHAKAIWALVATHI Senior Manager, Investment & Advisory, IFM, Thailand

TRANG BUI General Manager, Vietnam

STEPHEN HIGGINS Head of Capital Markets, Vietnam stephen.higgins@cushwake.com

CUSHMAN & WAKEFIELD | ASIA PACIFIC DATA CENTRE MARKET OVERVIEW