State Capital Investment Corporation
Sovereign wealth fund of Vietnam
 | |
Native name | Tổng công ty Đầu tư và Kinh doanh vốn nhà nước |
|---|---|
| Genre | Holding company |
| Founded | June 20, 2005; 18 years ago (2005-06-20) |
| Headquarters | Hanoi , Vietnam |
| Owner | Government of Vietnam |
| Website | scic.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]
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.
- ^ SWF Institute. "State Capital Investment Corporation". SWF Institute.
External links
- State Capital Investment Corporation
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