State Capital Investment Corporation

Vietnam US$ 0.5 Billion Origin: Non-Commodity

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 2005
Transparency Rating: 4
View Sovereign Fund Transaction Data
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Firm Investment Style: Portfolio
Entity Structure: Corporation

Fund Details

Strategy & Objectives

SWF Asset Allocation

Key Executives and People

Main Office
Level 23-24, Charmvit Tower, No 117
Tran Duy Hung Street,
Cau Giay Dist
Hanoi
Vietnam
Tel: +84 4 6278 0126

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Governance
The State Capital Investment Corporation is managed by the government of Vietnam.

Vietnam sovereign wealth fund

Summary
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.