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.
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
Xi hastens construction of 3 Vietnam-China rail routes
Chinese President Xi Jinping has called for more substantial cooperation between China and Vietnam, including the pacier implementation of three railway routes linking the two nations.
Infrastructure - Tue, November 19, 2024 | 3:08 pm GMT+7
Vietnam developers offer deferred principal payments, interest support to boost year-end sales
Vietnamese housing developers are offering several incentives including deferred principal payments and interest support to stimulate demand and boost liquidity as the year nears its end.
Real Estate - Tue, November 19, 2024 | 2:29 pm GMT+7
Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory
Australia-based EQ Resources Limited has acquired its fellow firm Tungsten Metals Group (TMG), which owns and operates the largest ferrotungsten (FeW) factory outside China.
Companies - Tue, November 19, 2024 | 11:00 am GMT+7
Techcom Securities becomes largest broker in Vietnam by capital base
Techcom Securities JSC (TCBS) has become the largest securities company in Vietnam by charter capital after finishing a rights offering last week.
Finance - Tue, November 19, 2024 | 9:11 am GMT+7
Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec
Vietnam's airports operator ACV expects to earn $145 million from non-aviation services this year, accounting for around 18.83% of its total revenue, which is modest compared to other countries, said deputy general director Nguyen Duc Hung.
Companies - Tue, November 19, 2024 | 7:45 am GMT+7
The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment
A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.
Companies - Tue, November 19, 2024 | 7:00 am GMT+7
Indonesia promises Asia-Pacific investors more incentives
Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.
Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7
Indonesia, Brazil enhance aviation cooperation
Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.
Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7
Indonesia eyes to become member of BRICS
Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.
Southeast Asia - Mon, November 18, 2024 | 10:57 pm GMT+7
Former Party chief, chairman of Vinh Phuc province face disciplinary action
Vietnam’s Central Inspection Committee has proposed disciplining Pham Van Vong, former Party chief of Vinh Phuc, and Phung Quang Hung, former chairman of the northern province, for violations related to Phuc Son Group.
Politics - Mon, November 18, 2024 | 9:17 pm GMT+7
Shaping a waterway into a key shipping channel: Viconship gets dredging nod
A major dredging project will allow safer ship navigation and increased cargo transportation capacity on the Hai Phong shipping channel, thereby enhancing competitiveness of Vinconship’s port system, says the company.
Companies - Mon, November 18, 2024 | 7:08 pm GMT+7
Former assistant to State President appointed general director of state-owned financial firm HFIC
Truong Tuan Anh, an official at the State President Office and former assistant to a state president, has been appointed general director of Ho Chi Minh City Finance and Investment Stated-owned Company (HFIC).
Companies - Mon, November 18, 2024 | 5:35 pm GMT+7
MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch
Military Commercial Joint Stock Bank's (MBBank) takeover of Ocean Commercial Bank Limited (OceanBank) will have limited financial impact on the former’s credit profile, Fitch Ratings said Monday.
Banking - Mon, November 18, 2024 | 5:06 pm GMT+7
Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder
A win-win cooperation strategy is not just desirable, but a necessary condition for sustainable development, says Nguyen Ho Nam, founder of Vietnam’s private conglomerate Bamboo Capital Group.
Bamboo Capital - Mon, November 18, 2024 | 4:46 pm GMT+7
Vietnam central bank resumes selling gold after 1-month hiatus
The State Bank of Vietnam (SBV), the country's central bank, on Monday announced that it will reactivate the sale of SJC-branded gold bars to meet market demand.
Banking - Mon, November 18, 2024 | 4:02 pm GMT+7
Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept
Thailand’s leading retailer Central Retail earned a revenue of THB37.99 billion ($1.09 billion) in Vietnam in the first nine months of this year, up 0.9% year-on-year.
Companies - Mon, November 18, 2024 | 4:00 pm GMT+7