CT Group staff get day off for Vu Lan festival ancestral tribute
All CT Group staff can return home to join their families in paying tributes to elders and ancestors, a practice of the Vu Lan festival (Sangha Day).
Vu Lan festival is a major Buddhist event celebrated and commemorated in the country. It is celebrated on the 15th day of the seventh lunar month. This year, it falls on Wednesday, August 30.
A senior official of the group, Uyen, noted that while the global economic slowdown has posed several challenges for businesses, the CT Group has stood by its workers, motivating them to work together and overcome problems.
“My mother cried tears of happiness when I called and informed her that I would return home for this holiday.”
The CT Group says that it believes in standing by its workers and delivering the best values to society. Photo courtesy of CT Group.
Minh Ngoc, a younger staff member, said that she was “lucky to work at CT Group, while many of my friends are unemployed. I am happy that my employer encourages staff to express their filial piety….”
There will be many corporations like CT Group, giving employees a Vu Lan holiday to pay filial piety to their parents. Together, they will light up the bright light of gratitude to parents, life, and society. Nurturing noble souls under that light will create "endless green fields of human civilization", which is the source of everyone's happiness.
- Related News
- Read More
Vietnam stock market: Cash flow divide leaves many investors behind
Although Vietnam’s benchmark VN-Index continues to rise, a growing divide in cash flows is leaving many investors struggling to keep pace with the rally.
Finance - Tue, May 12, 2026 | 8:20 pm GMT+7
Accton Technology injects extra $80 mln into Vietnam subsidiary
Accton Technology Corporation, a Taiwanese network equipment manufacturer and a partner of Intel, has approved an additional $80 million investment for its subsidiary in Vietnam, underscoring the country’s growing role in the global supply chain for networking equipment, data centers, and AI infrastructure.
Industries - Tue, May 12, 2026 | 4:19 pm GMT+7
Hanoi cuts $4.48 bln from gigantic Red River boulevard project
Hanoi authorities on Monday revised several key aspects of the Red River Scenic Boulevard project, notably reducing its total investment capital by VND118 trillion ($4.48 billion) compared to the original plan.
Infrastructure - Tue, May 12, 2026 | 3:14 pm GMT+7
Taiwanese firm Panjit invests $45 mln to expand semiconductor facility in Vietnam
After acquiring a 95% stake in Ho Chi Minh City-based Torex Vietnam Semiconductor, Taiwanese semiconductor manufacturer Panjit has approved an additional $45 million investment in its production facility in Vietnam.
Industries - Tue, May 12, 2026 | 10:56 am GMT+7
Rising inflation pressure poses challenge for Vietnam’s monetary policy
Vietnam’s central bank is facing mounting pressure to balance economic growth and inflation control as rising global prices, exchange rate risks and the prospect of a return to trade deficits complicate monetary policy management.
Banking - Tue, May 12, 2026 | 10:44 am GMT+7
Australia launches anti-dumping probe into Vietnamese coated steel exports
Australia, one of the few remaining markets still applying a 0% anti-dumping duty on Vietnamese coated steel products, has launched an anti-dumping investigation into exports from Hoa Sen Group and Nam Kim Steel, further narrowing export opportunities for Vietnam’s coated steel makers.
Economy - Tue, May 12, 2026 | 8:17 am GMT+7
ThaiGroup plans $4.9 bln tourism-resort complex in northern Vietnam
Vietnam’s multi-sector corporation ThaiGroup plans to implement a VND128 trillion ($4.86 billion) tourism and resort complex in the northern province of Ninh Binh, home to the UNESCO-recognized Trang An scenic landscape complex, later this year.
Real Estate - Mon, May 11, 2026 | 10:41 pm GMT+7
Vietnamese dairy giant Vinamilk plans cautious price hikes as input costs rise
Vietnam’s top dairy producer Vinamilk (HoSE: VNM) plans to raise product prices by around 2-3% as the company faces renewed pressure from higher raw material and logistics costs, according to brokerage Vietcap Securities following a recent investor meeting.
Companies - Mon, May 11, 2026 | 10:11 pm GMT+7
Vinaconex shifts toward property, infrastructure under former CEO
Nguyen Xuan Dong has returned to Vinaconex as chairman after serving as CEO from late 2018 to April 2026, a period marked by multiple challenges including disputes with Sovico Group, the impact of the Covid-19 pandemic, and geopolitical tensions that drove up raw material costs.
Companies - Mon, May 11, 2026 | 3:07 pm GMT+7
HCMC sees surge in land-related revenue as property firms pay tens of millions of US dollars
Budget revenue from land in Ho Chi Minh City has rebounded sharply as a series of real estate projects overcome legal bottlenecks and developers begin fulfilling financial obligations, according to the city’s Finance Department.
Real Estate - Mon, May 11, 2026 | 12:58 pm GMT+7
Average lending rates begin edging lower: Vietnam central bank
Average lending rates in Vietnam have started to decline slightly as the central bank steps up measures to support liquidity and ease borrowing costs, said Pham Chi Quang, head of the State Bank of Vietnam's monetary policy department.
Banking - Mon, May 11, 2026 | 11:43 am GMT+7
Battle for Vietnam beer market share shows no signs of cooling as firms ramp up advertising spending
After a period of decline, the Vietnamese beer market is entering a recovery cycle amid an increasingly costly advertising battle among major producers.
Economy - Mon, May 11, 2026 | 8:00 am GMT+7
Taiwanese apparel material supplier Paiho injects additional $120 mln into southern Vietnam unit
Paihong Vietnam Co. Ltd., a unit of Taiwan-based Paiho Shih Holdings Corporation serving the footwear and apparel industries, has decided to raise capital by $120 million through the issuance of 120 million new shares.
Industries - Sun, May 10, 2026 | 5:28 pm GMT+7
Vietnam calls for expanded flexible financing tools from ADB
Prime Minister Le Minh Hung has called on the Asian Development Bank (ADB) to expand flexible and preferential financing instruments better suited to Vietnam’s funding needs for development investment in the coming period.
Economy - Sun, May 10, 2026 | 4:08 pm GMT+7
Asia’s leading luxury travel magazine hails Hanoi's new opera house: 'Move aside, Sydney'
Even while under construction, the new Hanoi Opera House at West Lake has become a focal point for international media.
Companies - Sun, May 10, 2026 | 11:21 am GMT+7
Duc Giang Chemicals CEO reassures shareholders, accepts profit erosion pressure
CEO of Duc Giang Chemicals Group JSC (HoSE: DGC) Luu Bach Dat admitted shortcomings in the company’s legal compliance following the arrest of senior executives and pledged to close regulatory loopholes to prevent similar issues in the future.
Companies - Sun, May 10, 2026 | 10:54 am GMT+7
