As Nvidia, Amazon, Microsoft, And Google Dive Into Billions Of Data Center Investments, Vietnam Opens Market To Foreign Investors Allowing 100% Ownership

Quick Summary:

Vietnam has opened up its data center market to foreign investors, allowing 100% ownership, following the implementation of controversial data storage regulations.

What Happened: Vietnam’s new law on telecommunications, which came into effect last week, removes any foreign ownership restrictions for data and cloud providers, reported Nikkei.

Despite opposition from major tech companies like Meta Platforms Inc.’s (NASDAQ:META) Facebook and Google parent company Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), the Vietnamese government ...

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Category: Technology

Markets: United StatesItalyMalaysiaSwedenVietnam

Topics: Markets Equities MSFT GOOG Data centers US38259P5089 US5949181045 Cybersecurity Global US0231351067 GOOGL AMZN Kaustubh Bagalkote META Data Storage Benzinga US67066G1040 Tech News NVDA US38259P7069

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Article Type: News Report

Published On: 2024-07-12 @ 06:04:17 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

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Copyright Owner: © Benzinga

News ID: 21581915

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