State Capital Investment Corporation
|Vietnam||US$ 0.5 Billion|
Transparency Rating: 4
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Firm Investment Style: Portfolio
Entity Structure: Corporation
Vietnam’s State Capital Investment Corporation (SCIC) was established on June 20, 2005. It is the government shareholder in Vietnamese state-owned enterprises.
The SCIC is tasked for monitoring and investing its capital based on market mechanisms. In addition, the SCIC is responsible for promoting strategies to support market development, jobs and economic growth in Vietnam. The strategic development sovereign wealth fund (SDSWF) was also created to reduce government ownership in domestic companies.
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