Huawei signs deal with Vietnamese bank SHB to expand Vietnam footprint

Reuters

Sun, April 19, 2026 astatine 11:31 PM CDT 1 min read

HANOI, April 20 (Reuters) - Vietnamese lender SHB and China's Huawei Technologies Group signed ‌a strategical practice statement connected Sunday, ‌SHB said, a determination that volition let the ​Chinese exertion elephantine to grow its beingness successful Vietnam.

• Under the agreement, Huawei volition enactment SHB successful designing exertion architectures and gathering ‌data platforms, ⁠SHB said successful a statement.

• It volition besides enactment the slope ⁠in ensuring unchangeable and harmless operations, according to the statement.

• "The practice with SHB is ​an important ​milestone successful the ​group's marketplace enlargement successful ‌Vietnam," Spawn Fan, a Huawei elder executive, said successful the statement.

• Huawei has been cooperating with different Vietnamese fiscal institutions specified arsenic SCB, SeABank and Home Credit, focusing ‌on integer transformation, security, ​data analytics, unreality computing, ​and optimising ​banking strategy operations, according to the ‌Vietnam Banks Association.

• Huawei ​last twelvemonth ​won contracts to physique parts of Vietnam's 5G web successful a large displacement ​from Hanoi's ‌prior argumentation barring Chinese companies from ​its 5G infrastructure.

(Reporting by Khanh Vu; ​Editing by David Stanway)