The agreement with South Korean drone technology firm Airbility, CT’s first ever export deal, was signed on Tuesday at the Vietnam–RoK Economic Forum in Seoul in the presence of Party General Secretary To Lam and South Korean Prime Minister Kim Min Seok.

A model of an unmanned aerial vehicle developed by CT Group.

A CT Group spokesperson said the company has mastered core technologies and developed 16 UAV models with varying capabilities, and is preparing for commercial production.

The heavy-lift drones, produced by subsidiary CT UAV, can carry payloads of 60–300 kg and has an indigenization rate of 85%.

The company is also developing AI-powered UAVs that integrate semiconductor technology and network-based location identification systems.

UAVs have broad applications in agriculture, cargo transport, urban management, security, firefighting, and search and rescue.

"Nations with more specialized UAVs will gain advantages not only in the economic and social spheres but also on many other fronts," CT Group said.

In Vietnam, companies such as Viettel in the military sector and VNPT-IT and CT UAV in the civilian sector are developing UAVs and have already signed some export deals, but these remain limited compared to market potential.

Business consulting firm Markets & Data valued Vietnam’s UAV market at US$73 million in 2023 and projects it to grow to $191 million by 2031.

"A contract to supply transport UAVs to a demanding, high-end market like South Korea shows Vietnam is ready to compete in high-level technology arenas and paves the way for exports to more countries worldwide," a Markets & Data analyst said.

On the same day CT Group signed a contract to assemble, test and package 100 million semiconductor chips for South Korean tech firm Imagis, and agreed to cooperate with Inha University for semiconductor training and technology transfer.

Founded in 1992 as a real estate firm, CT Group has expanded into high-tech sectors including semiconductors, AI, UAVs, and new energy technologies.

In June it unveiled an IoT chip design using CMOS and III/V Semi technologies, calling it a step towards mastering semiconductor production.

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