SK Innovation and SK Telecom Join Forces in Hanoi to Target Both AI and Energy Sectors

Signing MOUs with Vietnamese Government Agencies

Overseas Expansion of AI Full-Stack Provider Strategy

SK is moving forward with efforts to build an AI ecosystem and collaborate on the development of data centers and power infrastructure in Vietnam.

Chairman Chey Tae-won of SK Corporation and Chairman of the Korea Chamber of Commerce and Industry is delivering a welcoming speech at the Korea-Vietnam Business Forum held in Hanoi, Vietnam, on the 23rd. Korea Chamber of Commerce and Industry

On April 23, SK announced that it had signed separate memorandums of understanding (MOUs) with the Nghe An provincial government and the Vietnam National Innovation Center (NIC) at the Korea-Vietnam Business Forum held in Hanoi, with the goal of establishing an AI ecosystem.

SK Innovation and SK Telecom agreed to jointly explore projects for building an AI data center and related infrastructure with the Nghe An provincial government. SK Innovation will review power supply solutions in connection with the Quynh Lap LNG Power Project, while SK Telecom will pursue plans for the development and operation of an AI data center.

Nghe An Province is a key hub in north-central Vietnam, currently nurturing the manufacturing, energy, and high-tech industries. SK Innovation was recently selected, along with PV Power and NASU, as an operator for the Quynh Lap LNG Power Project. This large-scale energy infrastructure project includes a 1,500 MW combined cycle gas power plant and an LNG terminal. Construction is scheduled to begin in 2027, with completion targeted for 2030.

The two companies will also cooperate with NIC in areas such as building AI data centers, developing energy infrastructure, and establishing policy and institutional frameworks. SK Telecom will be responsible for technology cooperation and supporting investment attraction, while SK Innovation will provide energy solutions. NIC will support the project through government consultations, regulatory improvements, and policy support.

This collaboration marks the first overseas expansion of SK's "AI Full-Stack Provider" strategy. SK plans to promote the spread of the AI industry in Vietnam by leveraging its value chain, which encompasses semiconductors, data centers, power and energy, and AI services. The signing ceremony was attended by Kim Jeong-gwan, Minister of Trade, Industry and Energy; Ngo Van Tuan, Minister of Finance of Vietnam; SK Group Chairman Chey Tae-won; and others.

Chairman Chey Tae-won stated, "AI will play a key role in Vietnam's ongoing growth," adding, "We aim to contribute to the development of local industries by leveraging our comprehensive capabilities in everything from energy and semiconductors to AI models and services."

This content was produced with the assistance of AI translation services.