State Capital Investment Corporation - SCIC

State Capital Investment Corporation - SCIC
A state-owned investment fund formed by the Communist Party of Vietnam in 2005 to invest in state enterprises. SCIC’s stated goals as a sovereign wealth fund are to be an active shareholder in the state enterprises, to be a professional financial consultant and to earn returns that can be reinvested in the government.

SCIC manages businesses in sectors including financial services, energy, manufacturing, telecommunications, transportation, consumer products, healthcare and information technology.


Vietnam, also referred to as the Socialist Republic of Vietnam, is a communist state with a centrally planned economy, but it has implemented economic reforms to introduce elements of the free market.


Investment dictionary. . 2012.

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