Thanh Chi Nguyen

State Capital Investment Corp. (SCIC) is a wholly-owned special economic organization of the Vietnamese Government which was established in 2005 by the Prime Minister of Vietnam to manage and invest state capital in Vietnam's state-owned enterprises and undertake strategic investments in key industries. Located in Hanoi and Ho Chi Minh City, SCIC's primary objectives are to facilitate state-owned enterprise reforms and improve the efficiency of the State's capital utilization. SCIC is mandated to represent State capital interest in various types of businesses and to invest in key sectors with an aim to enhance the dominant economic role of the State subject to market rules. SCIC aims to concentrate investment in key and strategic branches and domains which are a driving force in boosting economic development, paying attention to investment in fruitful and highly profitable branches and domains and reducing investment in branches and domains which the State does not need to control as well as branches and domains which are capable of attracting resources from other economic sectors. SCIC manages a portfolio of SOEs in a range of sectors including financial service, energy, industry, telecommunications, transportation, consumer products, health care, and information technology.

State Capital Investment Corp. (Investment Company) (SCIC-IC) is the investment management division of State Capital Investment Corp., a government-owned holding company headquartered in Hanoi, Vietnam. The firm was founded in 2005 under Decisions No.151/2005/QD-TTg of the Prime Minister as a bold measure of the Government during the height of the economic and SOE reforms that are aimed at enhancing the efficiency of state capital utilization. The primary objectives of SCIC-IC is to represent the state capital interests in enterprises and invest in key sectors and essential industries with a view to strengthening the dominant role of the state sector while respecting market rules.