Tiếng ViệtIn Vietnam, an average $6 million increase in cloud consumption costs contributes an additional $134 million to the country’s GDP.
This was announced at the Data Center & Cloud Infrastructure (DCCI) Summit 2024 held on June 26 in Ho Chi Minh City. With the theme “Developing the sustainable future”, DCCI Summit 2024 was attended by over 1,000 guests representing organizations and businesses in Ho Chi Minh City, alongside more than 20 industry-leading experts from major global technology firms and influential business administrators across various sectors.
According to Mr. Hoang Van Ngoc, CEO of Viettel IDC, like other industries, the data center sector has significantly driven the economy. Data centers are seen as small investments that yield substantial value, boosting the economy with impressive figures.
According to PwC’s 2022 research on the impacts of data centers on the economy, environment, and society in the United States from 2017 to 2021, the U.S. data center industry continued to make significant contributions to the economy, addressing many major societal issues. This includes generating a substantial increase in employment from 2.9 million jobs in 2017 to 3.5 million jobs in 2021. It also contributed over 40% of labor income and 36% of other values (GDP), doubling the overall GDP growth rate across the entire U.S. during this period.
Meanwhile, as for the Cloud Computing market, economic impact analysis of Cloud Adoption across 11 high and middle-income countries in the Asia-Pacific region shows a correlation between cloud adoption levels and the economic development of a country.
Across the Asia-Pacific region, a 1% increase in Cloud Adoption contributes to a 0.07% growth in GDP on average. In Vietnam, this figure corresponds to an average $6 million increase in cloud consumption costs contributing an additional $134 million to the country’s GDP.
Thus, data center and cloud computing industries not only provide critical infrastructure for businesses and organizations, including data storage and computation to online applications and services, but they also make substantial contributions to the economy and society of each country.
Previously, in March, Viettel IDC successfully organized the DCCI Summit in Hanoi with over 20 partners, attracting nearly 2000 participants from domestic and international enterprises and organizations. It stands as one of the largest events in the information technology infrastructure sector in Vietnam, serving as an annual gathering for managers, organizations, and businesses to meet, exchange ideas, and collectively build a sustainable development community.
Cre: Vietnam Economic News
