CT Group’s technology subsidiaries delivered a series of exhibitions and announced plans to develop a semiconductor chip factory, leaving a lasting impression at the Thu Duc Innovation Fest held from November 15–17 in Thu Duc City, HCMC.
The Vietnam’s first outdoor technology festival– the first International Festival of Science, Technology, and Innovation of Thu Duc City (Thu Duc Innovation Fest 2024), attracted the attention of both domestic and international technology sectors. The event brought together renowned players in the tech industry, including CT Group, a leader in high-tech innovation, which hosted an impressive array of exhibitions.
At the event, CT Group highlighted its subsidiaries specializing in three core high-tech fields including Unmanned Aerial Vehicles (UAV) from CT UAV, Semiconductors from CT Semiconductor, and Carbon Credits from Carbon Credit Trading Platform ASEAN (CCTPA). A standout moment was the announcement of the development plans for the CT Semiconductor Factory in Thu Duc, marking a significant step in Vietnam’s semiconductor strategy as outlined in Decision No. 1018/QĐ-TTg on Vietnam’s Semiconductor Industry Development Strategy.
At the event, CT UAV revealed for the first time its 1:6 scale prototype CT-2W1, a fixed-wing UAV developed by a team of Vietnamese-origin engineers and scientists. With a top speed of 200 km/h and the capacity to carry five passengers for up to two hours of flight time. The UAV is set for mass production by late 2025 – early 2026. The prototype, still under wraps by the manufacturer, remains officially undisclosed.
Answering two questions from Mr. Mai Huu Quyet, Vice Chairman of the Thu Duc City People’s Committee, Mr. Tran Kim Chung, Chairman of CT Group, shared: “We are investing over $100 million in a semiconductor factory for Thu Duc. This is the first ATP factory fully owned and operated with Vietnamese technology, not an FDI project. At this exhibition, CT Group is also showcasing three of our 68 subsidiaries. First is CT UAV, a company that handles everything from designing and manufacturing to distributing various types of UAVs for industrial applications. Second is CT Semiconductor, specializing in ATP for the semiconductor industry. The third is a company focusing on carbon credits. Among these three, two are involved in digital infrastructure and hardware, and one is dedicated to sustainable development.
Our contributions are strategic as we aim to build a comprehensive ecosystem for Industry 4.0, spanning hardware, software, and sustainable development.
We are currently developing eight core technology sectors and aim to establish all of them in Thu Duc City. In the near future, we hope to collaborate with Thu Duc City to implement a completely new economic theory – Low-Earth Space Economy. This is a very innovative concept, and if applied, Thu Duc City could become the first in Southeast Asia to pioneer this theory. We look forward to the opportunity to meet with city leaders to discuss this plan in greater detail.”
Mr. Tran Kim Chung’s Remarks at the Panel on “High-Interaction Urban Development in Eastern HCMC”
Mr. Chung emphasized that innovation and digital transformation are two essential factors in development. Innovation serves as the driving force for progress, while digital transformation acts as the accelerator, enabling rapid integration and contributing to making Thu Duc City a hub of creativity and high interaction.
He highlighted the vital role of private enterprises in economic development: “Firstly, the private economy and private enterprises possess an acute ability to grasp opportunities, adapt quickly, and pivot rapidly. They are bold in making investments without having to wait for procedures like state-owned enterprises. Moreover, they dare to take risks in technology investments, which are inherently high-risk. Technologies that are cutting-edge today can become obsolete tomorrow, ready to be replaced by newer advancements. Private enterprises take full responsibility for their investments, enabling them to progress rapidly and absorb risks effectively. Secondly, in terms of human capital, private enterprises excel at attracting talent as they are not constrained by barriers, frameworks, or rigid policies. For instance, in our group, we have numerous professors and PhDs from various countries—a feat that state-owned enterprises cannot achieve. We are ready to implement special policies and mechanisms to meet their needs, empowering them to reach their potential. We are also adopting a hybrid model, which allows overseas Vietnamese professionals
worldwide to work for Vietnam without relocating or with minimal travel. This model generates an excellent source of human capital. I hope Thu Duc City recognizes this human capital as a precious seed fund because, without truly mastering technology, sustainable development will remain out of reach. And to master technology, we need not only financial capital but also critically important human capital.”
Source: Nguoi Lao Dong newspaper
