State Capital Investment

State Capital Investment Corporation (SCIC) is a sovereign wealth fund based in Ha noi, Vietnam. Established in June 20, 2005, is the government shareholder in the state-owned-enterprises and responsible for monitoring and investing its capital based on market mechanisms, and promoting strategies in support of market development and economic growth in Vietnam. It was created was to reduce investment in domestic companies and government divisions in the Vietnam Government and in order to diversify their holdings. The SCIC is managed by the Government of Vietnam. The mission of the fund is to become a strategic investor of the government that is capable of generating maximum value and sustainable returns on investments. It is a Sovereign Wealth Fund.