C.T Group joins hands with South Korean firm

Published: Wednesday, January 11, 2012

Tran Kim Chung (spectacled), president of C.T Group, and Chang Bok Sang, president of CJ Group, congratulate each other on the signing of the strategic cooperation deal - Photo: Anh Tuyet
HCMC – C.T Group, known for its many huge property projects on the local market, on Wednesday signed a strategic cooperation agreement with South Korea-based CJ Group in the sectors of entertainment, retail and logistics.

The cooperation will enable two sides to exploit their huge potentials in these sectors in the upcoming time, marking a new stage of development for both sides.

CJ Group is a giant firm active in entertainment, retail, logistics and food sectors and having strong financial capacity, according to Tran Kim Chung, president of C.T Group.

Previously, CJ-CVG Group spent some US$73.6 million buying the MegaStar cinema chain in Vietnam in July last year. In addition to the entertainment industry, logistics and food are also its two key industries.

Having 36 member companies, C.T Group is active in several sectors, including property, retail, construction, financial investment and entertainment.

From Industries

Vietnam to switch to digital by 2016

HA NOI – Viet Nam Television (VTV) expected to stop broadcasting with analogue technology and convert to digital services by December 2016, said a meeting of the Viet Nam Communications Association yesterday in Hanoi.The association's members said that VTC (Vietnam Multimedia Corporation), AVG (An Vien Television) and Viettel Telecom were also leading the way towards digital broadcasting transmission.According to the association, the recent launch of the Vinasat-2 satellite from Guyana was an important

VNAT promotes cruise ship visits

HCM CITY — The Viet Nam's cruise tourism industry plans to welcome more than 1 million tourists on cruises by 2015, according to the National Administration of Tourism.The country expects to see a peak in cruise tourism season this year.This year, travel agencies have already seen a large number of international cruises to Can Tho and HCM City as well as coastal Khanh Hoa and Quang Ninh provinces.In January, Viet Nam received about 19 international cruises and 12 river steamers of the world's leading