Gaw Capital Project Vespa is a data center project in Thu Duc (SHTP), Vietnam, operated by Gaw Capital Partners. It is at the land and permitting stage. It is planned for 20 MW of IT load.
Latest change on record: entered the record as land and permitting on 14 June 2022. Record last checked against its sources on 21 October 2026.
Next gate to watch: Power arranged.
Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.
How Vietnam approves, powers and taxes data centers is on Data center rules in Vietnam.
HCMC metro holds 10 active projects with 722 MW of planned IT load between them, and Gaw Capital Project Vespa ranks 8th by planned capacity. Of those, 2 are operational, 1 is under construction, 5 are at the land and permitting stage and 2 are announced only. Published colocation vacancy in HCMC metro was 34.8% as of June 2026, on 33 MW of operational colocation capacity as counted by Cushman & Wakefield. Vacancy excludes hyperscaler self-build.
It is the only Gaw Capital project ArusGrid tracks. It sits on the Saigon Hi-Tech Park alongside CMC Hyperscale DC SHTP, Evolution DC VN HCMC (VN02), FPT Fornix HCM02 and StarMason Data Centre Campus. Named funding comes from Gaw Capital Partners on the equity side. No user of the capacity is on the public record as of 2026-10-03, after a check of operator, landlord, contractor, regulator and lender documents. Most colocation leases are confidential, so this says nothing about occupancy.
The stage was recorded as at the land and permitting stage on 14 June 2022.
Grid power for a large industrial user in Vietnam costs about US$0.073 per kWh as of July 2026, the country figure ArusGrid applies where a site has no published rate. The US export control position for advanced AI chips in Vietnam, as of 27 September 2026, is recorded as “Licence required as enforced (Country Group D:1), no named authorisation found”. ArusGrid holds 5 public sources for this project, the latest dated 15 June 2022, and last checked the record on 21 October 2026.
One or two hard signals sit behind the announcement. The rules are fixed and published on the Methodology page.
No public signal either way.
Nothing found in the public record. This describes the record, not the company, and it is not evidence that access was sought or denied. Criteria are published on the Methodology page.
Licence required as enforced (Country Group D:1), no named authorisation found · Licence required as enforced (Country Group D:1), no named authorisation found (2026-09-27) source
Checked on 2026-10-03. No user of this capacity is on the public record. ArusGrid read the operator's releases, the landlord's and contractors' exchange filings, regulator and lender documents and interconnection records. Most colocation leases are confidential, so this says nothing about occupancy.
No published price band exists for Vietnam, and ArusGrid does not estimate from the regional benchmark alone. What was searched is listed on the Colo prices page.
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