Huawei signs expansion deal with Vietnamese bank

Vietnamese lender SHB and China’s Huawei Technologies Group signed a ​strategic cooperation agreement on Sunday, reports Reuters citing SHB. The move will allow the Chinese technology giant to expand its presence ​in Vietnam.

Under the agreement, Huawei will support SHB in designing technology architectures and building data platforms. It will also support the bank in ensuring stable and safe operations, the bank said in a statement.