State Capital Investment Corporation
|Vietnam||US$ 0.5 Billion|
Transparency Rating: 4
Firm Investment Style: Portfolio
Entity Structure: Corporation
The State Capital Investment Corporation, established in June 20, 2005, is the government shareholder in the state-owned-enterprises and responsible for monitoring and investing its capital based on market mechanisms, and promoting strategies in support of market development and economic growth in Vietnam. One of the main reasons why it was created was to reduce investment in domestic companies and government divisions in the Vietnam Government and in order to diversify their holdings. Despite all these efforts, the state sector in Vietnam remains relatively inefficient and less competitive than the private sector. The SCIC has a chartered capital base of about VND 5 trillion (US$315 million). They have around 805 linked firms in their portfolio.
Strategies and Objectives:
Their goal is to become a strategic investor for the government, investing in the domestic and international markets. Currently they own most of the state owned enterprises in Vietnam. The mission of the SCIC is to be the Government’s strategic investor, be an active shareholder, and be a professional financial consultant.