Huawei keen on AI development in Vietnam

The information was shared by Zhengjun Zhang, vice president of Huawei Asia-Pacific, at a meeting with Deputy Prime Minister Tran Luu Quang on May 15.

Zhang said that Huawei's global revenue reached $99.4 billion last year and is expected to surpass the $100 billion mark in 2024. In the first quarter, Huawei posted revenue of $25.2 billion.

In addition, Huawei has spent $23.2 billion on research and development, making up over 23 per cent of its total revenue in 2023, helping the group to lead the world in 5G network development, AI, data centres, and digital capabilities.

The Chinese tech giant has been investing in Vietnam since 1998 and has signed MoUs on cooperation with local stakeholders, 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 five years.

Huawei is also working with Vietnamese partners to research and deploy the first-ever 5G innovation centre in Vietnam. The centre will introduce testing standards, feature lab facilities, support workforce training, and serve as an incubator for the 5G ecosystem.

In response, DPM Quang lauded Huawei's business results and successes in developing markets and diversifying products and services, as well as Huawei's collaborative activities in the country.

He stated that the Vietnamese government wants international investors, including those from China, to invest in areas where Vietnam has demand and investors have strengths, such as digital transformation, green transformation, telecommunications, and AI.

Chinese tech giant Huawei announced its business results for the first half of 2023 on August 11, showing a slight increase in revenue.

Huawei has revealed its ambition to invest in Vietnam's digital infrastructure, underscoring its commitments to an eco-friendly energy transition.

Huawei is proposing the development of a 5G innovation centre in Vietnam as part of the Chinese tech giant's intention to support Vietnam's roll out of commercialised 5G services.