State Capital Investment Corporation (SCIC)

Unraveling the State Capital Investment Corporation (SCIC): A Closer Look

Delve into the realm of the State Capital Investment Corporation (SCIC), a sovereign wealth fund established by the Vietnamese government in 2005 to oversee state-owned enterprises (SOEs). Explore its objectives, significance, and impact on Vietnam's economy.

Deciphering SCIC: A Sovereign Wealth Fund

Discover the role of the SCIC as a sovereign wealth fund tasked with actively participating in state enterprises, providing financial consultancy, and generating returns for reinvestment in governmental and public services. Learn how its mission embodies dynamism, efficiency, and sustainability.

Exploring Vietnam's Economic Landscape

Uncover Vietnam's economic landscape, characterized by a blend of communist ideology and market-oriented reforms. Despite strides towards a free market, SOEs continue to play a significant role, contributing around 33% to the country's GDP across various sectors.

Unveiling SCIC's Impact and Revenues

Explore the financial prowess of the SCIC, boasting assets worth $2.4 billion and reporting substantial revenues in 2020. Delve into its strategies for improving management and capital allocation in equitized or partially privatized SOEs to strengthen the public sector's role.

Navigating SCIC's Divestment and Reform

Understand the SCIC's strategic divestment plan, aimed at enhancing efficiency and raising revenue through the partial or complete privatization of state-owned entities. Witness its transition towards a strategic investor role in key industries by 2025, akin to renowned investment funds like Singapore's Temasek.

Diving into Sovereign Wealth Funds (SWFs)

Gain insights into the broader concept of sovereign wealth funds (SWFs), elucidating their significance as reserves invested for national welfare and economic stability. Explore the diverse strategies employed by countries worldwide to diversify revenue streams and mitigate economic vulnerabilities.