Native name | Tổng công ty Đầu tư và Kinh doanh vốn nhà nước |
---|---|
Genre | Holding company |
Founded | June 20, 2005 |
Headquarters | , |
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]
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