Deputy PM Tran Luu Quang receives Vice President of Huawei Asia Pacific

Deputy Prime Minister Quang congratulated Huawei on its business results and successes in developing markets and diversifying products and services, as well as Huawei's cooperation activities in Vietnam.

He affirmed that the Vietnamese Government wants foreign investors, including those from China, to invest in areas where Vietnam has demand and investors have strengths such as digital transformation, green transition, telecommunications, and artificial intelligence (AI).

For his part, Zhang said that Huawei has been investing in Vietnam since 1998 and signed memoranda of understanding (MoU) on cooperation with local partners, including one with the Ministry of Information and Communications on supporting small and medium-sized enterprises, and another with the Posts and Telecommunications Institute of Technology on training 10,000 IT engineers in the next fives years.

The Chinese group is working with Vietnamese partners to study and develop the first 5G innovation centre, he said, hoping that Huawei will participate in developing the 5G network, digital transformation, artificial intelligence, and green transition in Vietnam.

Zhang informed his host that Huawei has spent 23.2 billion USD on research and development activities, accounting for more than 23% of its total revenue in 2023, helping the group to lead the world in 5G network development, AI, data centre, and digital capabilities.