State Capital Investment Corporation Explained

State Capital Investment Corporation
Native Name:	Tổng công ty Đầu tư và Kinh doanh vốn nhà nước
Native Name Lang:	vi
Genre:	Holding company
Hq Location City:	Hanoi
Hq Location Country:	Vietnam
Owner:	Government of Vietnam
Website:	scic.vn

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 commenced operation in August 2006, and as of 30 May 2012 has around 416 linked firms in their portfolio.

Board Members

SCIC board members include:

• 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

External links

• State Capital Investment Corporation

Notes and References

1. News: SCIC: Corporate Profile . scic.vn . scic.vn.
2. News: State Capital Investment Corporation . SWF Institute . SWF Institute.