The article emphasizes the $500 million investment plan of CMC, the second largest technology company in Vietnam, to expand its network of data centers and technology infrastructure in Vietnam, Japan, the US and Europe, demonstrating CMC's strategic vision and aspiration to reach out to the international market.
According to Nikkei, CMC - the leading information technology group in Vietnam, announced a plan to invest 500 million USD (about 75 billion yen) in telecommunications infrastructure projects in the next 5 years, including expanding the data center system.
In Vietnam, CMC currently operates three data centers in Hanoi, Da Nang and Ho Chi Minh City. To meet the growing demand, the group plans to increase the system's power capacity from the current 10 MW to a maximum of 100 MW by 2028.
In addition, CMC will build smaller-scale data centers in Japan to serve local customers.
Mr. Nguyen Trung Chinh, Chairman of CMC Group, said the group plans to use about half of the total 500 million USD investment in the first year.
Regarding the expansion plan in Japan, CMC is considering whether to build its own facility or rent an existing facility. If it builds its own facility, the investment will be around 100 million USD, while the option of renting a facility will be more economical with a cost of about 50 million USD.
According to the report, CMC's revenue in 2023 will reach 319 million USD, with EBITDA profit reaching 38 million USD. In the 5-year plan (2024-2028), CMC aims to increase revenue to 1 billion USD and increase the number of employees from the current 5,000 to over 10,000 people.
The Japanese market, with its strong demand for data centers and AI software development, is considered one of CMC's important growth pillars.
Mr. Nguyen Trung Chinh emphasized: “Japan is a strategic market in our global expansion plan. CMC aims to achieve revenue of 200-250 million USD from this market, accounting for about half of total international revenue by 2028."
