Vietnam's CMC and Lotte Innovate sign MoU to develop data centers

Vietnam's CMC and South Korea's Lotte Innovate signed a memorandum of understanding this week covering data centers, cloud, EV charging, security and offshoring, Data Center Dynamics reported. Under the data center component, the companies said they aim to develop projects that combine CMC's infrastructure and operations strengths in Vietnam with Lotte Innovate's experience and customer ecosystem.

No details of planned data centers, including capacity, sites and investment figures, were disclosed.

CMC, founded in 1993, operates CMC Telecom and CMC Cloud and runs data centers in Hanoi and Ho Chi Minh City. Data Center Dynamics describes the company as one of Vietnam's largest technology companies.

Lotte Innovate, founded in 1996 and formerly Lotte Data Communication, runs four data centers in South Korea around Seoul, Daejeon and Yongin and sells cloud services under L.Cloud. It is also set to take over operation of Ansan GCC, a 40MW data center built by Igis Asset Management in Gyeonggi Province that is due to go live next year. Choi Jong Pil, general director of Lotte Innovate Vietnam, said Vietnam is "a key market in Lotte Innovate's global strategy."