Huawei recently entered into a strategic agreement with Saigon-Hanoi Commercial Joint Stock Bank (SHB) centred on digital infrastructure and security, marking a major push by the Chinese vendor to increase its presence in Vietnam.
The company will support SHB in modernising operations, designing technology architecture, building data platforms and maintaining secure operations, the lender explained in a statement.
Huawei will act as a strategic advisor, aiding the planning and deployment of digital solutions spanning data, cloud, automation and AI.
For SHB, the agreement forms part of a broader strategy to accelerate digitalisation and reshape its operating model, with an aim to build an “open, flexible, and future-ready technology architecture” while boosting resilience and security. The bank aims to use data and AI to analyse customer demand, predict behaviour, assess risk and personalise products.
SHB vice chairman and deputy DG Do Quang Vinh noted the bank sees “technology as the core driving force to enhance competitiveness, optimise operations, and increase customer experience”.
President of Huawei’s enterprise business for the Asia Pacific region, Spawn Fan, added the partnership marks an important milestone in the group’s market expansion in Vietnam.
According to Reuters, Huawei has previously worked with local lenders including SCB, SeABank and Home Credit on areas including digital transformation, cloud, data analytics and security.
5G rollout
Last year, sources told the publication Huawei had secured contracts to build parts of Vietnam’s 5G network, marking a shift in the country’s stance restricting Chinese vendors from contributing to critical infrastructure.
Ericsson was awarded the largest contract to deploy 5G by Viettel Group two years ago, while Nokia was also tasked with aiding the rollout. Viettel officially introduced 5G services in the country in late 2024, hitting 90 per cent coverage at the end of 2025.
Source: Mobile World Live
Image Credit: Huawei
Source: Tahawul Tech