Approval Granted for $250 Million Data Center in Ho Chi Minh City; Vietnam’s ‘Big 4’ Tech Companies Add Senior Executives Ahead of Annual Meeting

CMC Technology Group (HOSE: CMG) announced the appointment of several senior executives, with Mr. Ho Thanh Tung as Vice Chairman and CEO starting July 30, 2025. Mr. Le Thanh Son is appointed as Vice Chairman and Group Governance Director. Other appointments include Mr. Pham Ngoc Bac, Mr. Nguyen Thanh Tung, Mr. Nguyen Minh Tue (CFO), Mr. Dang Tung Son (Strategy Director), and Mr. Dang Van Tu (Technology Director), effective until June 30, 2028. These changes coincide with CMC receiving approval for the CMC Hyperscale data center project, with an investment of $250 million and an initial capacity of 30MW, expandable to 120MW, utilizing advanced technologies and renewable energy. This center will enhance cloud computing and AI-as-a-Service offerings. CMC plans to hold an annual meeting on July 29, aiming for consolidated revenue of 9.8 trillion VND for the 2025 fiscal year, a 20% increase from the previous year.