CT Group opens Vietnam’s first-ever business representative office in Israel
Vietnam’s CT Group officially opened its representative office in Tel Aviv, Israel on June 19 in an effort to boost cooperation with the innovation and hi-tech market of the host.
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)
Tel Aviv (VNA) – Vietnam’s CT Group officially openedits representative office in Tel Aviv, Israel on June 19 in an effort to boostcooperation with the innovation and hi-tech market of the host.
Addressing the launching ceremony, Chairman of CT Group TranKim Chung said the establishment of the representative office in Israel is ofsignificance as it reflects the Vietnamese group’s strategy to innovate itsbusiness model, in which priority is given to developing hi-tech sectors, inorder to keep up with the robust growth of the Fourth Industrial Revolution.
CT Group sees Israel as a very promising market that hasgreat potential to foster partnership in innovation and high tech, he said.
He also noted that it is the first-ever business representativeoffice of Vietnam in Israel.
The ceremony saw two memoranda of understanding signedbetween CT Group and Israeli corporations. VGCT, a member company of CT Group, inkeda MOU with OBCT-CD24, an Israel-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 keybusiness sectors.
Speaking at the event, Vietnamese Trade Counsellor in IsraelLe Thai Hoa said that the economic-trade relations between the two countrieshave grown constantly. The two sides have been in talks for the signing of abilateral free trade agreement to facilitate their cooperation in business,investment and services.
He expected CT Group pioneering in opening a representativeoffice in Israel will pave the way for more Vietnamese firms to do the same,contributing to accelerate the two countries’ ties in economy, trade,investment and technology.
CT Group is a multi-sectoral corporation that has around 50 membercompanies operating mostly in construction and urban development. It has shiftedits eye to hi-tech sectors, such as biotech, fintech and flytech, in recentyears./.
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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)
