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Vietnam prefers its mobile networks to be free of Huawei

Bloomberg Vietnam is intent on being the first Asean nation to provide a 5G network — without China’s tech powerhouse Huawei Technologies Inc. Viettel Group, Vietnam’s largest mobile carrier owned by the Defense Ministry, will deploy Ericsson AB’s equipment in Hanoi and Nokia Oyj’s technology in Ho Chi Minh City, said Viettel Chief Executive Officer Le Dang Dung. It will ...

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Thailand sees scope for fiscal support

Bloomberg Thailand’s government is ready to take further action to support an economy growing at its slowest pace in nearly five years, and sees room for further interest-rate cuts, the finance minister said. Weeks after passing a stimulus program worth more than $10 billion, the government still has the fiscal space to do more, Finance Minister Uttama Savanayana said on ...

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Steel consumption in India set for slowest growth in 3 years

Bloomberg Demand for steel in India could grow at the slowest pace in three years as an economic slowdown in the global industry’s bright spot deepens. Steel consumption in India is likely to increase by less than 6% this fiscal year, according to ICRA Ltd., the local arm of Moody’s Investors Service. That would make it the slowest pace since ...

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