Approved to deploy 250 million USD data center in HCM City, Vietnam’s “Big 4” technology firms add a series of senior personnel before the general meeting

CMC Corporation (CMG) announced the appointment of several senior leadership personnel. Mr. Ho Thanh Tung will serve as Senior Executive Vice President and CEO starting July 30, 2025, alongside Vice Presidents such as Le Thanh Son and Pham Ngoc Bac, effective mid-July. The appointments coincide with CMC’s approval to implement the CMC Hyperscale data center with a total investment of 250 million USD, an initial design capacity of 30MW, expandable to 120MW. The project incorporates state-of-the-art technology and aims to provide AI-as-a-Service. CMC also targets over 9.8 trillion VND in revenue for the financial year 2025, a 20% increase year-on-year. CMG shares have risen to 42,350 VND per share on the stock market.