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SCIC

Fundamental shift needed, SCIC proposes change in state capital management

Fundamental shift needed, SCIC proposes change in state capital management

There needs to be a fundamental shift from strengthening management in state-owned-enterprises (SOEs) to consolidating and developing while building several large-scale, efficient economic groups capable of regional and international competition in key economic sectors, said the State Capital Investment Corporation...
State capital divestment gains momentum in VN with high-profile deals in focus

State capital divestment gains momentum in VN with high-profile deals in focus

The State Capital Investment Corporation (SCIC) announced plans to sell capital in 31 companies, attracting significant market interest.
SCIC to divest in 31 companies

SCIC to divest in 31 companies

Eight of the companies slated for divestment are well known and listed on the stock exchanges.
SCIC plans to spend 19.4 million for 30 million shares of Military Bank

SCIC plans to spend $19.4 million for 30 million shares of Military Bank

Under the approved plan, MBB will offer 73 million shares to two investors, SCIC and the Military Industry and Telecoms Group (Viettel). Viettel will purchase 43 million MBB shares.
PM calls for ‘comprehensive plan to revive national flag carrier

PM calls for ‘comprehensive plan’ to revive national flag carrier

Prime Minister Phạm Minh Chính has urged agencies to develop a ‘comprehensive plan’ to tackle the financial challenges faced by lossmaking national flag carrier Vietnam Airlines.
SCIC proposes a series of solutions to promote State investment capital

SCIC proposes a series of solutions to promote State investment capital

Its average profit after tax reaches VNĐ6.7 trillion, while the average annual State budget contribution reaches VNĐ5.4 trillion and the total investment disbursement is VNĐ36.3 trillion for the whole period by 2025, according to the SCIC plan.
SCIC to auction all 3.15 million shares at Vinacontrol Group

SCIC to auction all 3.15 million shares at Vinacontrol Group

The State Capital Investment Corporation (SCIC) has recently announced to auction its entire 3.15 million shares at Vinacontrol Group, starting price of VNĐ171.6 billion, equivalent to about VNĐ54,500 per share.
Ministry wants to transfer 11 SOEs to CMSC, SCIC

Ministry wants to transfer 11 SOEs to CMSC, SCIC

The Ministry of Industry and Trade proposed 11 State-owned enterprises (SOEs) in which the ministry represented the State ownership to be handed over to the Commission for the Management of State Capital at Enterprises (CMSC) and the State Capital Investment...
SCIC unveils first phase of 73 enterprise divestment plan for 2023

SCIC unveils first phase of 73 enterprise divestment plan for 2023

The State Capital Investment Corporation (SCIC) has recently announced its first phase of divestments for 2023, which includes 73 enterprises with some high-profile companies in the stock exchange.
State investment fund needed to attract foreign indirect investment

State investment fund needed to attract foreign indirect investment

The development strategy for 2030 and the restructuring project were being completed before being submitted to the Prime Minister for approval, which would pave the way for the foundation of the state investment fund.
State Capital Investment Corporations profit rises 91 per cent

State Capital Investment Corporation’s profit rises 91 per cent

The State Capital Investment Corporation (SCIC) on Tuesday reported that its after-tax profit in 2022 reached over VND6.83 trillion (US$291.5 million), 91 per cent higher than the yearly plan.
SCIC to sell 13.9 million shares in Thái Nguyen Industrial Zone Infrastructure Development JSC

SCIC to sell 13.9 million shares in Thái Nguyen Industrial Zone Infrastructure Development JSC

State Capital Investment Corporation (SCIC) plans to its entire 98.84 per cent stake in its affiliate Thái Nguyên Industrial Zone Infrastructure Development Joint Stock Company (HTTN).
SCIC has no plans to divest from large enterprises this year

SCIC has no plans to divest from large enterprises this year

In 2022, State Capital Investment Corporation (SCIC) is expected to divest at 101 member companies.
SCIC posts lower profits due to affiliated company losses

SCIC posts lower profits due to affiliated company losses

The State Capital Investment Corporation (SCIC) posts high revenue but profits sank to 10-year low due to losses from its affiliated companies.
State to divest from six major enterprises, raking in 600-800 million in Q1 2022

State to divest from six major enterprises, raking in $600-800 million in Q1 2022

The State Capital Investment Corporation (SCIC) is expected to divest capital from six major enterprises in the first quarter of next year, fetching between VND15 trillion and VND20 trillion (US$652-870 million) for the State budget.