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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

The story about SCIC and the milk cow (Part 1)

Posted on 06 February 2013

The State Capital Investment Corporation (SCIC) has reported an impressive business result for 2012. However, experts still can see big problems of the state’s super-power. In Vietnam, SCIC is a powerful corporation which specializes in making investment with the state’s money. It injects money in the potential businesses for profit or carries out the investment deals as instructed by the State. Therefore, SCIC is believed to have a so called “super power.”
The powerful corporate has reported a “bountiful crop” 2012 with sky high profits from the investment deals. However, economists have pointed out that most of the profits came from one investment deal in Vinamilk, the dairy producer which now holds the biggest dairy market share in Vietnam………………………………………..Full Article: Source


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