CT Group embraces hi-tech initiatives

Vietnamese multisectoral corporation CT Group is giving priority to developing hi-tech sectors in its business strategy in addition to construction, real estate, and urban development - its established areas.

The Ho Chi Minh City-based corporation, which has just marked its 30th anniversary, is investing in hi-tech fields like biotech and fintech, and making business expansions outside Vietnam. CT Group opened its representative office in Tel Aviv, Israel on June 19 in an effort to boost cooperation with the local innovation and hi-tech market. It is the first-ever business representative office of Vietnam in Israel.

In late June, the group held a ceremony in HCMC to receive a first-class Labor Medal granted by the Vietnamese President. CT chairman Tran Kim Chung was also awarded a second-class Labor Medal for his contributions. Vice President Vo Thi Anh Xuan handed out the two medals to Chung at the event.

At the ceremony, CT said it plans to take in 25,000 new employees in Vietnam and overseas to support its business expansion strategy. Towards the goal, CT has signed cooperation deals with 10 universities in Vietnam and 20 universities and research institutes abroad for its human resources development purposes.

CT Group has grown rapidly since its commencement in 1992. During the 2000s, the company was a leading exporter of Vietnamese rice in Eastern Europe, brought Malaysian retailer Parkson into the Vietnamese market, and owned almost 30 fashion brands.

It has developed its own apartment brand DIYAS as a high-end but affordable housing solution, and is building a housing project along Metro Line 1 in HCMC. CT has also acquired foreign businesses, like GS Cu Chi in 2011 and Soilbuild in 2018.

In hi-tech, CT Group is one of the first members of Ethereum, a world-leading blockchain platform with Ether being its native cryptocurrency. It has investments in drones, stem cells, artificial intelligence, and in crypto exchange Realcoin Global.