Saigon Asset Management (SAM) has announced plans for the SAM DigitalHub, outside of Hanoi, Vietnam.

Claiming to be ‘Vietnam’s largest data center campus,’ the 124-acre project will offer 150MW of IT capacity.

The campus is located at the Vietnam Singapore Industrial Park (VSIP), a joint venture between Vietnam’s Becamex IDC Corporation and a Singaporean consortium led by Sembcorp Development. The JV aims to foster economic collaboration between the Singaporean and Vietnamese governments.

The initiative will see a targeted investment of up to $1.5 billion. SAM also said it would target an initial renewable energy capacity of 50MW.

Timelines and further specifications have not been provided.

“The three key obstacles that have deterred our hyperscaler clients from entering Vietnam have been licensing, land, and power. By partnering with VSIP, we have successfully addressed these challenges, paving the way for the launch of our SAM DigitalHub,” said Louis Nguyen, CEO of SAM.

SAM has also launched a $300 million Vietnam Data Center Fund, with the first closing expected by Q4 this year. The initiative aims to support SAM’s digital infrastructure projects and attract international investment.

One of the key stakeholders in SAM DigitalHub is PMX, a Malaysian data center firm. PMX has recently delivered three projects totaling almost 125MW in Malaysia.

Established in 2007, SAM is a US private equity firm headquartered in Ho Chi Minh, Vietnam. The company’s focus spans AI, security, data centers, healthcare, and education. Its clients include Viettel.

Currently, Telehouse has a facility in Hanoi. True IDC and Epsilon have a presence in Ho Chi Minh City.

At the end of last year, Vietnamese and Singaporean firms announced plans for a Vietnam-Singapore subsea cable.