State Capital Investment Corporation
|Vietnam||US$ 3.1 Billion||Origin: Non-Commodity|
Transparency Rating: 4
View Sovereign Fund Transaction Data
|Entity Structure: Corporation|
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The State Capital Investment Corporation is managed by the government of Vietnam.
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.
Background on SCIC
Vietnam’s SCIC has a chartered capital base of around VND 5 trillion (US$ 315 million). As of May 2012, they have around 416 government-linked firms in their portfolio.
Historical Assets under Management
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