Lotte Innovate and CMC Group sign Vietnam hyperscale data-center cooperation MoU
DataNews Editorial Team
Lotte Innovate and Vietnam’s CMC Group have signed a strategic memorandum in Hanoi that includes exploring joint commercial opportunities in hyperscale data centers in Vietnam. The agreement does not identify a specific project, site, capacity, investment commitment or delivery schedule.
- The MoU covers exploration of hyperscale data-center opportunities in Vietnam.
- Lotte Innovate says it will assess participation using its data-center design, construction and operations capabilities.
- The partnership also includes EV charging operations, cybersecurity, offshore IT services and cloud computing.
- No project-level capacity, CAPEX, location, customer, ownership model or timeline has been disclosed.
- The announcement signals potential market participation, not confirmed construction or commissioned capacity.
Lotte Innovate announced on 14 October that it had signed a strategic memorandum with CMC Group in Hanoi. The companies will explore commercial opportunities across five areas: hyperscale data centers, electric-vehicle charging-point operations, cybersecurity, offshore IT services and cloud computing.
For the data-center segment, Lotte Innovate plans to assess potential participation in hyperscale projects in Vietnam, drawing on design, construction and operational capabilities developed in South Korea. CMC Group provides the local partner in the arrangement, spanning IT, cloud and digital-infrastructure activities.
The agreement is a preliminary market-development step, not a commitment to build or operate a particular facility. No data-center site, number of facilities, capacity, CAPEX, ownership structure, customer, implementation schedule or construction decision has been disclosed.
For Vietnam’s prospective hyperscale market, the partnership could increase competitive activity around future developments by combining a local digital-infrastructure partner with overseas data-center lifecycle expertise. Its near-term effect on capacity supply cannot be assessed, however, because the parties have announced only an exploration of opportunities rather than a defined campus or project.
The MoU brings together Lotte Innovate’s stated data-center design, construction and operations capabilities with CMC Group’s local digital-infrastructure presence. It could broaden the pool of participants pursuing future hyperscale capacity in Vietnam, but it remains an opportunity-assessment stage rather than a confirmed development.
- — / October 17, 2026 · ChineseSource →
This article was prepared by the DataNews editorial team based on the sources listed above.