Vietnam PM backs CT Group’s stronger push into advanced technology development

By VNA/The Investor
Wed, August 13, 2025 | 10:23 pm GMT+7

Prime Minister Pham Minh Chinh has expressed his strong support for CT Group’s advanced technology development initiatives, praising the conglomerate’s focused investment in cutting-edge innovations that align with Vietnam’s development priorities.

Prime Minister Pham Minh Chinh (middle) and relevant authorities receive representatives of CT Group in Hanoi on August 13, 2025. Photo courtesy of the government's news portal.

Prime Minister Pham Minh Chinh (middle) and relevant authorities receive representatives of CT Group in Hanoi on August 13, 2025. Photo courtesy of the government's news portal.

Presiding over a working session on Wednesday with leaders of ministries, sectors, and CT Group to look into science-technology development, innovation, and digital transformation, especially the firm's development of unmanned aerial vehicles (UAVs), AI, and semiconductor technology, PM Chinh commended CT Group for its efforts, dedication, and plans to invest in state-of-the-art technologies.

The government leader ordered competent sides to review regulations and remove institutional bottlenecks to facilitate the group’s access to land, infrastructure, and the VND500 trillion ($19 billion) concessional loan package for science-technology, innovation, digital transformation, and strategic infrastructure development.

Further assistance should include promoting the enterprise’s tech products globally and developing mechanisms for domestic procurement of locally-made technologies.

He also urged CT Group to join hands with ministries, other state agencies, and localities to remain at the forefront of implementing the Politburo's strategic resolutions, helping to propel the nation into a new development era.

Tran Kim Chung, chairman of CT Group. Photo courtesy of the government's news portal.

Tran Kim Chung, chairman of CT Group. Photo courtesy of the government's news portal.

CT Group is one of Vietnam's largest technology and innovation conglomerates, persistently pursuing a self-reliance strategy to master advanced technologies across nine high-tech sectors of semiconductors, AI, UAVs, green digital currency, carbon credit platforms, zero-emission housing, electric vehicles and trains, quantum computers, new energy, and genetics and cell technology.

The firm has pledged to contribute to Vietnam's emergence as a leading UAV manufacturer, the semiconductor industry, as well as other high-tech sectors including digital transformation and AI. It also proposed the Government support in terms of mechanisms, policies, production sites, financing, and international promotion of its technology products.

Comments (0)
  • Read More
Trump trade mayhem to steepen yield curve and weaken US dollar

Trump trade mayhem to steepen yield curve and weaken US dollar

Longer-term prospects for greenback are weak due to de-dollarisation, as countries adjust supply chains and trade away from the U.S., writes Heng Koon How, head of markets strategy at Singaporean bank UOB.

Consulting - Wed, August 13, 2025 | 4:58 pm GMT+7

Vietnamese, S Korean leaders witness exchange of major cooperation documents

Vietnamese, S Korean leaders witness exchange of major cooperation documents

Vietnam's Party chief To Lam and South Korea's Prime Minister Kim Min-seok on Tuesday witnessed the exchange of dozens of cooperation documents between the two countries in Seoul.

Economy - Wed, August 13, 2025 | 4:12 pm GMT+7

Investment funds bullish on Vietnam bank stocks amid stable macro outlook

Investment funds bullish on Vietnam bank stocks amid stable macro outlook

With Vietnam’s macroeconomic environment showing signs of stability, bank stocks - a field often regarded as the “backbone” of the economy - have emerged as a top pick among investment funds.

Finance - Wed, August 13, 2025 | 3:14 pm GMT+7

Vietnam fertilizer major PVFCCo expands trade, diversifies supply

Vietnam fertilizer major PVFCCo expands trade, diversifies supply

Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo or Phu My, HoSE: DPM), a subsidiary of state-owned Petrovietnam, said it is currently handling the shipment of 45,000 tons of granular urea to India - one of the world’s largest and most promising fertilizer markets.

Companies - Wed, August 13, 2025 | 2:26 pm GMT+7

Vietnam's Prime Minister calls on Qualcomm to expand core technology investment in semiconductor industry

Vietnam's Prime Minister calls on Qualcomm to expand core technology investment in semiconductor industry

Prime Minister Pham Minh Chinh has asked Qualcomm to expand its investment in Vietnam, especially in core technologies which have higher values in the semiconductor industry value chain.

Industries - Wed, August 13, 2025 | 2:02 pm GMT+7

Vietnam's 20% reciprocal tax rate positive compared to Southeast Asian peers: NaFoods exec

Vietnam's 20% reciprocal tax rate positive compared to Southeast Asian peers: NaFoods exec

The 20% reciprocal tax rate is favorable compared to other Southeast Asian countries with similar agricultural products like the Philippines, but strict control over the origin of Vietnamese goods is essential to avoid a 40% "transshipping" tariff, said Nguyen Manh Hung, chairman of NaFoods Group.

Economy - Wed, August 13, 2025 | 11:18 am GMT+7

Where do insurance stocks stand in the 'party' of Vietnam stock market rallies?

Where do insurance stocks stand in the 'party' of Vietnam stock market rallies?

Insurance stocks in Vietnam have largely moved sideways or posted only modest gains compared with the market’s rally, despite improving core business performance and a recovery in investment income.

Companies - Wed, August 13, 2025 | 8:50 am GMT+7

Vietnam cement firms see strong profits in Q2 amid oversupply pressure

Vietnam cement firms see strong profits in Q2 amid oversupply pressure

Vietnam's cement sector is witnessing a significant turnaround, as several companies report impressive profits amid ongoing competitive pressures from oversupply.

Companies - Wed, August 13, 2025 | 8:31 am GMT+7

Expert proposes solutions to reduce US tariff policy’s impact on Thai exports

Expert proposes solutions to reduce US tariff policy’s impact on Thai exports

The Thai Government should develop a national strategy to address circumvention and adjust production structures by adding value to agricultural and industrial products, aligning with global trends, according to an economist.

Southeast Asia - Wed, August 13, 2025 | 8:25 am GMT+7

Singapore raises 2025 economic growth forecast

Singapore raises 2025 economic growth forecast

Singapore's Ministry of Trade and Industry on Tuesday upgraded the country's GDP growth forecast for 2025 to 1.5-2.5%, up from 0-2% previously.

Southeast Asia - Wed, August 13, 2025 | 8:22 am GMT+7

Vietnam’s steel major Pomina narrows Q2 loss by 65% as plants remain idle

Vietnam’s steel major Pomina narrows Q2 loss by 65% as plants remain idle

Pomina, one of Vietnam’s leading steel producers, narrowed its second-quarter net loss by nearly 65% from a year earlier, as its idle plants left the company heavily reliant on processing services for revenue.

Companies - Wed, August 13, 2025 | 8:12 am GMT+7

Japan firms urge Vietnam to resolve hurdles in key infrastructure, energy projects

Japan firms urge Vietnam to resolve hurdles in key infrastructure, energy projects

Many Japanese companies have urged Vietnam to resolve lingering issues in several major infrastructure and energy projects as the country's third-largest foreign investor remains committed to strengthening cooperation with the Southeast Asian nation.

Industries - Tue, August 12, 2025 | 10:14 pm GMT+7

Shinhan Bank Vietnam supports customers in transition to electric vehicles

Shinhan Bank Vietnam supports customers in transition to electric vehicles

Shinhan Bank Vietnam Ltd. has launched a preferential loan interest rate program for individual customers, business households, and enterprises seeking financing to purchase electric vehicles (EVs).

Banking - Tue, August 12, 2025 | 9:46 pm GMT+7

Consumer finance major F88 shares hit ceiling price for 3 consecutive sessions

Consumer finance major F88 shares hit ceiling price for 3 consecutive sessions

Shares of F88 Investment JSC (F88), a leading consumer finance company in Vietnam, have hit the ceiling price for three consecutive sessions, reaching VND1.15 milion ($43.78) a unit on Tuesday and continuing to record the highest price on Vietnam's stock market.

Companies - Tue, August 12, 2025 | 9:17 pm GMT+7

EVN's subsidiary EVNNPT strengthens forces to facilitate power supply to HCMC’s Con Dao island

EVN's subsidiary EVNNPT strengthens forces to facilitate power supply to HCMC’s Con Dao island

To ensure the progress of a national power supply project for Ho Chi Minh City’s Con Dao Special Zone, EVNNPT, a subsidiary of state utility Electricity Vietnam (EVN), has mobilized more engineers and workers to the site to erect towers and pull cables.

Companies - Tue, August 12, 2025 | 4:50 pm GMT+7

Vietnam's Vinacomin, Daejoo KC Group eye production of super fine ATH, boehmite for lithium-ion battery industry

Vietnam's Vinacomin, Daejoo KC Group eye production of super fine ATH, boehmite for lithium-ion battery industry

Representatives from Vietnam’s state-owned mining giant Vinacomin and South Korea's Daejoo KC Group met in Seoul on Monday to discuss prospects for expanding cooperation in the production of super Fine ATH and boehmite.

Industries - Tue, August 12, 2025 | 3:30 pm GMT+7