President Thuong asks Huawei to develop 5G in Vietnam
Vietnamese President Vo Van Thuong has asked Chinese tech giant Huawei to continue cooperating with authorities and businesses in Vietnam to develop digital infrastructure, 5G, and broadband in the Southeast Asian country that is seeking to accelerate digital transformation.
At a meeting with Liang Hua, chairman of Huawei, on the sidelines of the third Belt and Road Forum in Beijing on Thursday, Thuong hailed Huawei’s achievements in Vietnam and expressed hope that large Chinese corporations, including Huawei, will enhance cooperation and continue investing in Vietnam.

Vietnamese President Vo Van Thuong (right) meets with Liang Hua, chairman of Huawei in Beijing, October 19, 2023. Photo courtesy of Vietnam News Agency.
Liang Hua pledged to help improve Vietnam’s digital competitiveness and wished to contribute more to the development of a digital economy, digital society, and energy transition in Vietnam.
Huawei is working with some universities to train talents, and stands ready to cooperate with Vietnam in training digital human resources, Liang Hua added.
Huawei is a leading Chinese group in ICT infrastructure, digital energy, cloud computing and terminal equipment. It is present in over 170 countries and regions and ranks fourth in the world in terms of research and development investment
Vietnamese mobile network operators are conducting 5G commercial trials and are poised to deploy 5G from 2024.
In a talk with The Investor, Denis Brunetti - president of Ericsson Vietnam, Myanmar, Cambodia and Laos, said he hoped for strong data growth in Vietnam when commercial 5G is launched. With 5G in place, high growth and industrial areas will benefit from smart manufacturing (Industry 4.0) efficiencies and sustained productivity.
Also on Thursday, the Vietnamese president met with Li Zixue, chairman of the board of directors at ZTE, a multinational telecommunications equipment manufacturing corporation.
Praising ZTE’s business activities in Vietnam, Thuong emphasized that Vietnam wants Chinese enterprises, especially large enterprises with high levels of science and modern technology, to invest and expand in Vietnam. He believed that ZTE will have closer and more effective cooperation with Vietnamese businesses in the future.
Li Zixue said ZTE wishes to contribute to building digital infrastructure in Vietnam, thereby strongly supporting economic development.
Vietnamese President Vo Van Thuong met with Cai Qi, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, member the Committee’s Secretariat and Chief of the Committee’s Office, in Beijing on October 19.
During the meeting, Thuong called on China to continue expanding the import of Vietnamese farm produce, increase investment in major projects typical for its development level, step up the partnership in connecting the countries’ road and railway infrastructure. He also suggested boosting cooperation in developing the digital economy, digital infrastructure and digital manpower.
- Read More
Vietnam mulls opening door for private investment in small modular reactors
Vietnam’s Ministry of Industry and Trade has drafted a parliamentary resolution that, for the first time, would allow private companies to participate in the development of small modular nuclear reactors (SMRs).
Energy - Fri, October 17, 2025 | 4:37 pm GMT+7
Kido seeks buyer for remaining 49% stake in frozen food affiliate
Kido Group (HoSE: KDC), a leading food company in Vietnam, has approved a plan to divest the firm's remaining 49% stake in its affiliate Kido Frozen Food JSC (Kido Foods).
Companies - Fri, October 17, 2025 | 4:25 pm GMT+7
Le Ngoc Quang appointed Danang city's Party chief
Le Ngoc Quang, a Party Central Committee member and Party chief of Quang Tri province, has been appointed Party chief of Danang for the 2025-2030 term - the highest position in the city, central Vietnam's economic hub.
Politics - Fri, October 17, 2025 | 4:17 pm GMT+7
T&T Group seeks to reshape north-central Vietnam’s urban landscape with major projects
Multi-sector conglomerate T&T Group is developing a model eco-urban complex in Ha Tinh province and plans to build a massive 236-hectare urban area in neighboring Nghe An, with an aim to reshape north-central Vietnam's urban landscape.
Investing - Fri, October 17, 2025 | 2:44 pm GMT+7
Toyota plans $359 mln plant expansion in northern Vietnam
Toyota Motor Vietnam (TMV) plans to invest about VND9.46 trillion ($359.2 million) in the first phase of its plant expansion project in Phu Tho province.
Investing - Fri, October 17, 2025 | 2:09 pm GMT+7
PVI Insurance sees 9-month profit before tax more than doubling
PVI Insurance has reaffirmed its position as the No. 1 non-life insurer in Vietnam, with total revenue increasing nearly 1.4 times in the first nine months of 2025 and pre-tax profit more than doubling year-on-year - surpassing its full-year targets for both revenue and profit.
Companies - Fri, October 17, 2025 | 9:08 am GMT+7
Vingroup to develop 4,600ha coastal urban project in northern Vietnam
A consortium of Vingroup (HoSE: VIC) and its real estate arm Vinhomes (HoSE: VHM) will develop a 4,600-hectare coastal urban complex in Ha An ward, Quang Ninh province, following local authorities’ approval of a zoning plan.
Real Estate - Fri, October 17, 2025 | 8:30 am GMT+7
Indonesia resumes int’l carbon trading after 4-year hiatus
Indonesian President Prabowo Subianto has issued a new decree to restart international carbon emissions trading after a four-year hiatus.
Southeast Asia - Thu, October 16, 2025 | 9:23 pm GMT+7
Investors seek 2-year delay for $2.56 bln LNG power project in northern Vietnam, citing equipment hurdles
Investors of a $2.56 billion LNG-fired power plant in Hung Yen province have proposed delaying the project’s commercial operation schedule by two years due to difficulties securing key equipment.
Energy - Thu, October 16, 2025 | 9:04 pm GMT+7
Vietnam to soon raise taxpayers' personal deduction: official
The personal income tax deduction in Vietnam is "very likely" to increase to VND21.7 million ($823,940) per month, including VND15.5 million (588,530) for the taxpayer and VND6.2 million ($235,410) for each dependent.
Finance - Thu, October 16, 2025 | 6:25 pm GMT+7
Business confidence climbs as reforms gain traction amid global headwinds: EuroCham Vietnam
The index climbed to 66.5, surpassing pre-tariffs level and reaching its highest in three years – showcasing resilience and adaptability amid global headwinds and evolving U.S. tariff pressures.
Economy - Thu, October 16, 2025 | 4:36 pm GMT+7
Vietnam's stock market watchdog suspends two Grant Thornton auditors
Vietnam's State Securities Commission (SSC) has suspended two auditors from Grant Thornton Vietnam after determining that the 2024 audited financial statements of Saigon Water Infrastructure Corporation (HoSE: SII) failed to meet required standards.
Finance - Thu, October 16, 2025 | 3:35 pm GMT+7
Law No. 56 a major policy breakthrough for Vietnam's stock market development
The Law No. 56, effective January 1, 2025, is one of the major legal breakthroughs in recent years that will enhance the transparency and operational efficiency of the Vietnamese stock market.
Finance - Thu, October 16, 2025 | 2:30 pm GMT+7
WHA Group breaks ground on smart technology industrial zone in central Vietnam
Thailand's WHA Group on Tuesday broke ground on a world-class, modern, and environmentally friendly industrial zone in central Vietnam, namely the WHA Smart Technology Industrial Zone-Thanh Hoa.
Real Estate - Thu, October 16, 2025 | 2:00 pm GMT+7
Vietnam a key partner in Murphy Oil’s global strategy: exec
Vietnam remains a key partner in Murphy Oil’s global business strategy, said Eric Hambly, the U.S. corporation's president and CEO.
Companies - Thu, October 16, 2025 | 12:06 pm GMT+7
VNPT, Qualcomm debut Vietnam’s 1st original design-based excellence center
State-owned Vietnam Posts and Telecommunications Group (VNPT) and Qualcomm have officially launched the VNPT-Qualcomm Excellence Center (VQEC), the first facility in the country to operate under an original design co-development model using Qualcomm’s core technologies.
Companies - Thu, October 16, 2025 | 8:41 am GMT+7