State Capital Investment Corporation

State Capital Investment Corporation
Native name
Tổng công ty Đầu tư và Kinh doanh vốn nhà nước
GenreHolding company
FoundedJune 20, 2005 (2005-06-20)
Headquarters,
OwnerGovernment of Vietnam
Websitescic.vn

The State Capital Investment Corporation (SCIC, Vietnamese: Tổng công ty Đầu tư và Kinh doanh vốn nhà nước, lit.'Corporation of Investment and Business using state capital') 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.[1]

  1. ^ a b scic.vn. "SCIC: Corporate Profile". scic.vn.
  2. ^ SWF Institute. "State Capital Investment Corporation". SWF Institute.

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