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SAM to develop $1.5 bln data center in southern Vietnam

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Ho Chi Minh City-based fund Saigon Asset Management (SAM) has launched a $1.5 billion data center project in the southern province of Binh Duong, aiming to capitalize on Vietnam’s growing demand for digital infrastructure.

SAM will partner with the Vietnam Singapore Industrial Park (VSIP), a Singapore-backed major industrial park developer, to implement the project, called the SAM DigitalHub.

The data center, with a designed capacity of 150 MW, will cover 50 hectares at the VSIP and is expected to begin operations in two years. Once completed, it will be the biggest data center in Vietnam.

The Vietnam-Singapore Industrial Park I in Binh Duong province, southern Vietnam. Photo courtesy of VSIP.

The Vietnam-Singapore Industrial Park I in Binh Duong province, southern Vietnam. Photo courtesy of VSIP.

SAM is seeking potential investors, including local banks, to finance the project, SAM’s CEO Louis Nguyen said.

Recently, SAM debuted the $300 million Vietnam Data Center Fund (VDCF) to prepare for the project, with the first closing scheduled by Q4 this year.

According to a report by Cushman & Wakefield, Vietnam’s developing data center capacity is approximately 92 MW, with an average construction cost of $6.9 million per MW. To meet future demand, the country will need to attract around $640 million in investment over the next five to seven years.

Vietnam’s data center market is still in its early stages, with the lowest population-to-MW ratio in the Asia Pacific region (1.83 million people per MW). However, with a population exceeding 100 million and an average GDP growth rate of 6.25%, the market presents significant growth potential in the coming years, said Trang Bui, country head of Cushman & Wakefield Vietnam.

To support long-term growth, the Vietnamese government should continue improving its digital infrastructure, including terrestrial and submarine cable connectivity, ensuring reliable and uninterrupted power supply, and fostering a policy framework conducive to data center expansion, she suggested.

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Law on national defence, security industry, industrial mobilisation passed

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The 15th National Assembly (NA) on June 27 passed the law on national defence-security industry and industrial mobilisation in its ongoing seventh plenary session.

Specifically, all the 464 deputies present in the sitting, or 95.47% of the total number of deputies, said “yes” to the law.

The law comprises seven chapters and 86 articles.

Article 80 in the draft law proposed earlier about the responsibilities of People’s Court was removed, while Article 28 was added on the development of technologies with dual purposes and Article 71 on training, research, and expert exchanges to serve defence-security industry.

The law will take effects from July 1, 2025.

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Taiwan’s electronics firm Good Way Technology to invest $15 mln more in Vietnam

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Good Way Technology, a Taiwan-based original design manufacturer (ODM) specialized in computing and mobile peripherals, will invest $15 million more in Vietnam.

In a recent filing with the Taipei Exchange (TPEx), Good Way Technology said it would invest $15 million in Good Way Cayman and then reinvest the entire amount in its sub-subsidiary Good Way Technology Vietnam.

The construction site of Good Way Technology factory in Thai Binh province, northern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.

The construction site of Good Way Technology factory in Thai Binh province, northern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.

The purpose of the move is “long-term investment,” according to the filing.

Good Way Technology Vietnam received an investment certificate for the project in October 2023. In February 2024, it kicked off the construction of a $45 million factory in the northern province of Thai Binh.

The factory, located in the Lien Ha Thai Industrial Park, will manufacture peripheral devices like USB connectors for computers. It will have an annual capacity of 3.7 million items.

Construction of the project’s first phase is scheduled for completion in Q3/2024, enter trial production the next quarter and start official production in Q1/2025.

Corresponding times for the second phase will be Q4/2026, Q1/2027 and Q2/2027.

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Winner Medical Sells Over 12.9 Billion 100% Cotton Face Towels in 2024

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In an extraordinary achievement, Winner Medical has reached a significant milestone by selling over 12.9 billion pieces of its innovative Winner 100% cotton face towels globally in 2024.

NEW YORK, March 15, 2025 /PRNewswire/ — In an extraordinary achievement, Winner Medical has reached a significant milestone by selling over 12.9 billion pieces of its innovative Winner 100% cotton face towels globally in 2024. These ultra soft face towels are designed to improve skin health and have proven effective in reducing allergies and redness within just four weeks of use. This solidifies the company’s position as the pioneer of 100% cotton face towels globally.

Part of this sales growth stems from a shift in consumer habits. A study found that 71% of people experience sensitive skin to some extent. Increasing awareness of sensitive skin issues in many countries, including the US, has boosted demand for products designed for sensitive skin. This trend includes a shift towards using gentle cleansing products and supplies. As a result, traditional towels, now often perceived as breeding grounds for millions of microbes even when they appear clean, are being replaced by softer cotton towels that are gentler on sensitive skin.

100% Cotton Disposable Face Towel, Ultra Clean, Ultra Soft.
100% Cotton Disposable Face Towel, Ultra Clean, Ultra Soft.

Winner Medical’s patented cotton spun-lace nonwoven technology, derived from advanced medical innovations, is the key to creating the Winner 100% cotton face towels. The exclusive use of natural cotton fibers further enhances the quality of the face towels, delivering a gentle and refreshing face-cleansing experience to users.

Renowned for their exceptional moisture, softness and absorption, natural cotton-made face towels serve as an eco-friendly alternative to synthetic materials and paper products, which often contribute to deforestation. This sustainable choice ensures that quality remains uncompromised, offering superior skincare benefits while being biodegradable and environmentally friendly.

Each Winner 100% cotton face towel provides an ultra-soft experience. The indulgence of pure cotton gently caresses the skin, ensuring a refreshing and gentle cleanse with every use, which has garnered acclaim for its effectiveness in improving skin conditions such as dryness and irritation.

Professional Assessments and Customer Feedback Validate Performance

Professional evaluations have underscored the efficacy of the Winner 100% cotton face towels. Clinical report from PULYN Research institute reveals substantial enhancements following the use of the product. Notably, after four weeks (or 28 days) of use, there is a reduction in skin damage, exceeding 33%, alongside a decrease in irritation scores by around 30%. The improvement rate for redness is particularly impressive, standing at 84%, while dryness scores show an enhancement of over 72%. These statistics underscore the product’s potential to enhance skincare routines, offering a more effective approach to addressing common concerns during skin cleansing.

In addition to professional evaluations, consumer feedback reflects high satisfaction levels.

Users have praised the performance of these disposable face towels, noting their thickness and ease of use, which help prevent bacterial contamination post-wash—crucial for acne-prone skin types. Another long-term user commended that the extra-large size ensures comprehensive coverage for cleansing while highlighting the towel’s soft texture that efficiently removes impurities without harshness.

As Winner Medical continues to innovate within the healthcare sector, its focus remains on providing products that combine sustainability with high efficiency. The company anticipates maintaining growth trends as more consumers become aware of the benefits offered by using all-natural, single-use cotton face towels.

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