Vietnam’s CMC is set to partner with South Korea’s Lotte to develop data centers.

CMC and Lotte Innovate this week officially entered into a strategic partnership, signing a Memorandum of Understanding (MoU) around infrastructure, software development, and other areas of mutual interest.

Areas of cooperation under the MoU include data centers, EV charging, security, offshoring, and cloud.

In the data center segment, the companies said they aim to develop data center projects, combining CMC’s infrastructure and operations strengths in Vietnam with Lotte Innovate’s experience and customer ecosystem.

Details of any planned data centers haven’t been shared.

Minh Tran Van, CEO of CMC Korea, said: “Our partnership with Lotte Innovate goes beyond a step in CMC’s global expansion strategy. It reflects the growing role of CMC Korea in connecting Vietnam’s technology capabilities with Korea’s leading corporations. We expect the two sides to not only deliver high-quality software development services together, but also co-create scalable digital solutions across Vietnam, Korea, and regional markets, as demand for digital transformation and AI adoption continues to accelerate across the region.”

Founded in 1993, CMC Corp is one of Vietnam’s largest technology companies. It operates CMC Telecom, one of the major telecoms firms in the country, and offers cloud services through CMC Cloud. The company has data centers in Hanoi and Ho Chi Minh City.

Lotte Innovate is part of the South Korean Lotte Corporation conglomerate. Founded in 1967, Lotte’s businesses span food, hotels, retail, financial services, chemicals, IT, construction, publishing, and more.

Choi Jong Pil, general director of Lotte Innovate Vietnam, said: “Vietnam is a key market in Lotte Innovate’s global strategy. Through this partnership agreement with CMC Corporation, we aim to combine the strengths of both sides and explore new opportunities in advanced technology areas, contributing to digital transformation and AI adoption for businesses in Vietnam and the region.”

Founded in 1996 and formerly known as Lotte Data Communication, Lotte Innovate provides IT and cloud services. The firm operates four data centers in South Korea around Seoul, Daejeon, and Yongin, offering cloud services via L.Cloud.

The company is also set to take over the operation of Ansan GCC, a 40MW data center building built by Igis Asset Management in Ansan, Gyeonggi Province, that is due live next year.