EU Warns China’s Role In Vietnam 5G May Hit Foreign Investment | WION
The European Union has warned that growing involvement of Chinese firms in Vietnam’s 5G network could deter foreign investment. EU officials raised concerns after Huawei and ZTE secured contracts alongside European firms, signalling a shift in Vietnam’s telecom strategy. EU Commissioner Jozef Síkela cautioned that 5G is a “new battlefield,” warning that dependence on non-trusted vendors in strategic sectors could raise data security concerns. He added that if investors doubt the security of their data, they may avoid investing, potentially impacting Vietnam’s growth, which relies heavily on foreign capital.
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