Vietnam’s CT Group opens its representative office in Tel Aviv, Israel on June 19. The opening ceremony sees two memoranda of understanding signed between CT Group and Israeli corporations. (Photo: VNA)
Addressing the launching ceremony, Chairman of CT Group Tran Kim Chung said the establishment of the representative office in Israel is of significance as it reflects the Vietnamese group’s strategy to innovate its business model, in which priority is given to developing hi-tech sectors, in order to keep up with the robust growth of the Fourth Industrial Revolution.
The ceremony saw two memoranda of understanding signed between CT Group and Israeli corporations. VGCT, a member company of CT Group, inked a MOU with OBCT-CD24, an Isreal-based clinical-stage biopharmaceutical company, in applying breakthrough solutions for the treatment of lung diseases. Meanwhile, CT Group sealed an agreement with Falcon to boost hi-tech adoption in its key business sectors.
CT Group is a multi-sectoral corporation that has around 50 member companies operating mostly in construction and urban development. It has shifted its eye to hi-tech sectors, such as biotech, fintech and flytech, in recent years.