“The cooperation with a high-tech enterprise like MK Group will help CNCTech have more resources to promote research and development activities, design and manufacture products for the domestic market as well as for export” – Chairman of the Board of Directors of CNCTech said.

MK Group and CNCTech Group signed an investment and strategic cooperation agreement.
On 22/11/2022, the signing ceremony of cooperation agreement between MK Joint Stock Company (MK Group) and CNCTech Joint Stock Company (CNCTech Group) took place in Thang Long Industrial Park, Vinh Phuc, Binh Xuyen district, Vinh Phuc province.
According to the cooperation agreement signed by Mr. Nguyen Trong Khang – Chairman of the Board of Directors of MK Group and Mr. Nguyen Van Hung – Chairman of the Board of Directors of CNCTech, MK Group will invest 4,5 millions USD in CNCTech.
At the signing ceremony, the two representatives agreed to collaborate on the following contents:
MK Group focuses on developing core technology for security in transactions for Government, banking, public transport, telecommunications and retail. Holding 85% market share of bank cards, MK Group is also a companion with the Ministry of Public Security to deploy 80 million electronic CCCD cards. The investment in CNCTech is an extension of their ecosystem of supporting industries, logistics and high-tech supply chains related to AI cameras, automation, smart factories, smart warehouses, precision mechanics and robotics. Established in 1999 in Vietnam, MK Group is an enterprise specializing in digital security authentication solutions and smart cards with more than 23 years of construction and development.
CNCTech Group is a leading Vietnamese enterprise in the field of supporting industries and industrial infrastructure. 18 subsidiaries and affiliates of CNCTech Group has invested in many key industries, including: oil and gas exploitation equipment, automation, precision mechanics, electricity production and export. technology development. Established in 2008, CNCTech Group moves to provide one-stop package solutions, anticipating the trend of shifting production to Vietnam; at the same time, it is also a strategic partner of major logistics groups in Vietnam and the world, gradually participating deeply in the global value chain.

Leaders of the two groups attended the signing ceremony.
Mr. Nguyen Van Hung, Chairman of the Board of Directors of CNCTech shared: “The company wishes to participate more deeply in the global value chain and create comprehensive production ecosystems. Cooperating with a high-tech enterprise like MK Group will help CNCTech have more resources to promote research and development activities, design and manufacture products for the domestic market as well as for export”.
Besides, Mr. Nguyen Trong Khang – Chairman of the Board of Directors of MK Group also spoke about his expectation on the bilateral cooperation: “The two companies join forces and share experiences, inherent strengths effectively, accompanying investors to get ahead of the technology wave in Vietnam in the near future, reducing dependence on foreign companies, helping Vietnamese businesses be more proactive in digital transformation.”
The cooperation between the two companies takes place in the context that domestic enterprises are tending to promote cooperation and strategic alliances to work together towards sustainable development as well as increase competitive advantages in the market. global school.
The signing event of this cooperation agreement is also an important basis for a sustainable and long-term association, in line with the development trend in the new period, actively contributing to promoting the strong growth of the company both sides.