The digital economy's GDP growth rate is forecast to be 2.6 times higher than Thailand's overall GDP expansion this year.

The guidelines introduced by the Infocomm Media Development Authority (IMDA) provides specific recommendations for cloud service providers and data centre operators.

Vietnamese tech companies are expanding their data centres' capacity while international giants are also entering the market, with planned investments worth billions of USD.

The line would link up with the Bangkok-Nakhon Ratchasima first phase now under construction, allowing for fast travel from the Thai capital to China’s Yunnan via Laos where a high-speed line is already operating.

Prime Minister Pham Minh Chinh on October 28 morning said he hopes the United Arab Emirate (UAE), with its experience in developing the Dubai and Abu Dhabi financial centres, will support Vietnam in forming a suitable policy framework and model.

Malaysia is expected to rake in 3.6 billion MYR (over 812 million USD) in revenue from the data centre industry next year, up from the 2.09 billion MYR in 2022 as the rapid growth of data centres, particularly in the Klang Valley and Johor state, is creating new jobs and boosting the development of its manufacturing sector.

Thailand’s Board of Investment (BoI) is speeding up a plan to promote investment in data centres and cloud services in the country in line with global trends and the government’s policy to support digital technology.

Singapore is planning to expand its data centre capacity by more than one-third while exploring more environmentally friendly facilities to achieve sustainable growth for this energy-intensive industry.

Vietnam is regarded as an outstanding investment destination for high-value manufacturing with production capacity satisfying international investors, said Christopher J. Marriott, CEO of Savills Southeast Asia.