State Capital Investment Corporation

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]

State Capital Investment Corporation

Native name	Tổng công ty Đầu tư và Kinh doanh vốn nhà nước
Genre	Holding company
Founded	June 20, 2005; 20 years ago (2005-06-20)
Headquarters	Hanoi , Vietnam
Owner	Government of Vietnam
Website	scic.vn

SCIC was created 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]

Board Members

SCIC board members include:^[1]

• Trần Văn Hiếu – Chairman and vice minister of finance
• Lại Văn Đạo – Chief Executive Officer
• Đỗ Hữu Hào – Board member and vice minister of industry and trade
• Cao Viết Sinh – Board member and vice minister of investment and planning
• Hoàng Nguyên Học – Board member and deputy general director
• Nguyễn Quốc Huy – Board member and deputy general director
• Lê Song Lai – Board member and deputy general director
• Nhữ Thị Hồng Liên– Board member and deputy general director