Telecommunications

Robust orders come as smartphone industry faces severe parts shortages.

Smartphone maker sees opportunity to grow in neighboring market.

VinSmart will manufacture the phones in collaboration with chipmaker Qualcomm.

Huawei and Honor are absent from the list of early adopters of the chip.

Huawei says it will not have any shares in Honor, nor will it participate in its management after the deal.

“5G deployments in Southeast Asia will accelerate significantly in 2021 and beyond.”

Investments seen as boost to economy while country tries to make up gap.

Viettel, the country’s largest teleco, publicly said that it will not adopt Huawei’s 5G technology.