State Capital Investment Corporation
The State Capital Investment Corporation (SCIC) is a state-owned holding company considered a National Wealth Fund of Vietnam. It was established on 20 June 2005 under the mandate of Prime Minister Phan Văn Khải as part of a range of reforms aimed at enhancing the efficiency of state capital utilisation.[1]
SCIC was created was to reduce investment in domestic companies and government divisions in the Vietnamese government, and to diversify their holdings.[2] The SCIC has a chartered capital base of about VND 5 trillion (equivalent to $315 million).[2] The SCIC commenced operation in August 2006, and as of 30 May 2012 has around 416 linked firms in their portfolio.[1]
Board Members[]
SCIC board members include:[1]
- Trần Văn Hiếu – Chairman and vice minister of finance
- Lại Văn Đạo – Chief Executive Officer
- Đỗ Hữu Hào – Board member and vice minister of industry and trade
- Cao Viết Sinh – Board member and vice minister of investment and planning
- Hoàng Nguyên Học – Board member and deputy general director
- Nguyễn Quốc Huy – Board member and deputy general director
- Lê Song Lai – Board member and deputy general director
- Nhữ Thị Hồng Liên– Board member and deputy general director
References[]
- ^ a b c scic.vn. "SCIC: Corporate Profile". scic.vn.
- ^ a b SWF Institute. "State Capital Investment Corporation". SWF Institute.
External links[]
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- Finance in Vietnam
- Government-owned companies of Vietnam
- Sovereign wealth funds
- Investment promotion agencies
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