Gaw Capital has completed the acquisition of greenfield land located in Saigon Hi-Tech Park, one of the key high-tech focused business parks in Ho Chi Minh City, Vietnam. This land will be further developed into a carrier neutral Tier III Data Center, which will act as the seed investment of Gaw Capital’s Pan-Asia IDC platform. Situated 15 km northeast of Ho Chi Minh City CBD and adjacent to the Hanoi Highway, the site is strategically located in an IDC cluster within Saigon Hi-Tech Park, with a site area of 6,056 sqm. The property is in close proximity to a new metro station which is under development with a target opening date in 2023. The construction of this IDC project is expected to be completed by 2024. With this land, Gaw Capital is expected to develop a Data Center with a total GFA of 18,168 sqm and IT capacity of 20 MW. The project will adhere to progressive ESG objectives and aim to promote sustainable business growth, as well as foster community engagement and creativity.