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STT VNG Ho Chi Minh City 2 data center

District 7 (Tan Thuan EPZ), Ho Chi Minh City, Vietnam · HCMC metro market · location approximate to district level
Why it stopped. Land or legal termsA partner walked away STT GDC left because the land-use term, which ends in 2041, was too short for a hyperscale site. VNG bought its 65% stake and plans offices and an esports centre on the plot. source The graveyard.

STT VNG Ho Chi Minh City 2 was a data center project in District 7 (Tan Thuan EPZ), Vietnam, operated by STT VNG (ST Telemedia GDC / VNG JV). It was cancelled. ArusGrid keeps it on record and excludes it from every total. It was planned for 60 MW of IT load.

Latest change on record: entered the record as cancelled on 18 August 2026. Record last checked against its sources on 11 September 2026.

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Stage
Cancelled
Planned IT load
60 MW
Running now
Not disclosed
Operators rarely publish this
Operator
STT VNG (ST Telemedia GDC / VNG JV)
Joint venture
AI workloads
Likely
Evidence grade
None

Where it sits

HCMC metro holds 10 active projects with 722 MW of planned IT load between them. 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.

STT GDC has 1 other in Vietnam and 24 projects elsewhere in the dataset tracked by ArusGrid, including STT VNG Ho Chi Minh City 1. It sits on the STT VNG Tan Thuan campus alongside STT VNG Ho Chi Minh City 1. Named funding comes from ST Telemedia Global Data Centres and VNG Corporation. The named user of the compute is GreenNode (VNG) (reported, unconfirmed).

The stage was recorded as cancelled on 18 August 2026. The money on record is US$420m as of May 2024, the announced investment.

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 9 public sources for this project, the latest dated 21 August 2026, and last checked the record on 11 September 2026.

How well evidenced is it

Cancelled projects carry no evidence grade.

AI workloads

StatusLikely

The sister facility 1.5km away (HCM1) already hosts VNG/GreenNode Nvidia DGX H100 clusters; GreenNode is an official Nvidia Cloud Partner and its Vietnam GPU capacity sits in this STT VNG campus. HCM2 is the capacity expansion behind that GPU-cloud business.

Stage history

2026-08-18Cancelled · dantri.com.vn

Who is behind it

OperatorSTT VNG (ST Telemedia GDC / VNG JV) · Joint venture
Funder, Joint venture partnerST Telemedia Global Data Centres
Funder, Joint venture partnerVNG Corporation

Who uses the compute

Tenant · enterpriseGreenNode (VNG) · reported, unconfirmed

Money at this site

Announced investment, 2024-05US$420m

Colocation price per kW of IT load per month

No colocation price applies to this product (cancelled).

Land
LandlordVTH Software Development JSC · 25,463.5 sqm · leasehold · Aug 2026 Confirmed source ↗
VTH is the joint venture company that holds the land-use right on Lot BF11-20, Tan Thuan EPZ. The term runs to September 2041. STT GDC held 65% and is selling it to VNG for about VND480bn.

Sources checked 2026-09-11

  1. sttelemediagdc.com
  2. datacenterdynamics.com
  3. forbes.com
  4. datacenterdynamics.com
  5. sttelemediagdc.com
  6. Manh nha 'song' dau tu trung tam du lieu o Viet Nam (C&W H1 2026 HCMC review) (VnExpress, 2026-08-07)
  7. VNG muốn chi 480 tỷ đồng mua doanh nghiệp có khu đất hơn 25.000m2 tại TPHCM (Dân trí, 2026-08-18)
  8. VNG muốn mua lại công ty sở hữu khu đất hơn 2,5 ha tại TP HCM (Mekong ASEAN, 2026-08-18)
  9. STT GDC backs out of planned Vietnam data center project (DCD, 2026-08-21)

Same campus, STT VNG Tan Thuan

More in HCMC metro

Also run by STT GDC

All projects in HCMC metro · All projects in Vietnam · All STT GDC projects · All projects cancelled · Data center rules in Vietnam · Full directory

Planned MW is IT load, the power available to servers, unless marked otherwise. Running capacity is rarely published, so a missing figure means undisclosed. Definitions, sourcing standards and evidence rules are on the Methodology page. Data is CC BY-NC 4.0. Corrections go to corrections@arusgrid.com. Dataset updated 2026-10-18.