SCIC will offload capital in 31 firms, including FPT Corporation.

Vietnam needs to develop a state investment fund to attract foreign indirect investment as an additional source of capital for economic development, said Chairman of the State Capital Investment Corporation (SCIC) Nguyen Chi Thanh.

The State Capital Investment Corporation (SCIC) on January 10 reported that its after-tax profit in 2022 reached over 6.83 trillion VND (291.5 million USD), 91% higher than the yearly plan.

The Ministry of Transport has asked the State capital management committee to soon move its ownership of the Transport Hospital JSC to the State Capital Investment Corporation (SCIC).

State Capital Investment Corporation is working on its transition towards becoming the Vietnamese government’s strategic investment fund, aiming to support the state’s endeavour in promoting economic growth.

The Ministry of Industry and Trade late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital...

The State Capital Investment Corporation (SCIC) has asked for permission to become involved in the restructuring of Vietnam Airlines after Covid-19 and become a shareholder of the corporation.

The State Capital Investment Corporation (SCIC) has targeted disbursing investment of VND13-16 trillion (US$561-690 million) annually to focus capital on key industries and sectors to promote economic growth.

SCIC wishes to fully divest its 11.42 per cent holding in Quang Ninh Thermal Power JSC at double the market price, expecting to collect $53.04 million.

The Vietnamese government’s investment arm State Capital Investment Corporation (SCIC) has announced the list of 108 state-owned enterprises (SOEs) subject to divestment in 2019, Vietnam Finance reported.

While the HUD office and Vicem buildings have partially taken shape, PVN Tower and television tower have remained on paper for years.

VietNamNet Bridge - Buying into Vietnamese corporations is a way some foreign investors join Vietnam’s industries. The corporations they target are mostly leaders in their fields.

 The transfer of Vietnam’s major SOEs to the commission is a necessary move in improving the corporate governance of state firms.

VietNamNet Bridge - The huge debts incurred by state-owned enterprises (SOEs) and their ineffective operations have been blamed on ineffective monitoring.

VietNamNet Bridge - The most powerful investment fund in the country continues to pour money into Vietnam's leading companies despite capital withdrawal from emerging and frontier markets. 

VietNamNet Bridge - Among the enterprises put under management by the State Capital Investment Corporation (SCIC), there are many firms where the state’s ownership ratio is less than 5 percent.

VietNamNet Bridge - Investing in many business fields and expanding too rapidly, some large corporations have lost prestige and fallen into debt. 

VietNamNet Bridge - Euromonitor, in its latest report, commented that Vietnam will be the next major battlefield for brewers. 

Though advocating the establishment of a super committee to manage state capital in enterprises, economists remain divided on how exactly it should be done.