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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

VietNam: How State Capital Investment Corp uses its money

Posted on 08 March 2013

People may be surprised to learn that the State Capital Investment Corporation (SCIC) puts most of its trillions of dong in capital into bank deposits for interest, rather than any kind of actual investment.
The SCIC was incorporated in 2005 under a bid to enhance the efficiency of state capital utilization during the height of the ongoing economic and SOE reforms. SCIC’s primary objectives are to represent state capital interests in enterprises and invest in key sectors and essential industries in order to strengthen the dominant role of the state sector………………………………………..Full Article: Source


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