SCIC

Update news SCIC

SCIC halfway home on state capital divestment

 VietNamNet Bridge – The State Capital Investment Corporation has announced it is considering completing divestitures at 290 state-owned enterprises valued at VND1.3 trillion ($62.8 million) this year.

SCIC says hard to transfer State stakes

VietNamNet Bridge – The State Capital Investment Corporation (SCIC), in a recent report on its operation in this year’s first half, said that it encountered many difficulties in receiving, selling and transferring State stakes.

State investment corporation gets more chartered capital

 VietNamNet Bridge – The chartered capital of the State Capital Investment Corporation (SCIC) will be raised to VND50 trillion, but it is not clear whether the organisation will succeed, analysts say.

BUSINESS IN BRIEF 13/2

 SCIC to promote divestment at SOEs; McDonald’s president surveys Vietnam market in person; Vingroup selects new CEO; Bad debt among the biggest monetary challenges of 2014; Australia sends first buffalo shipment to Vietnam

BUSINESS IN BRIEF 23/12

 Transport contractors courted; Marlboro case could be stubbed out; SCIC to retain key stakes in some prominent firms; IMF: Deferred economic reform erodes confidence; Vietnam’s auto industry opportunities may slip away: Toyota

BUSINESS IN BRIEF 22/12

 HCM City invests just VND4.5 tril. in science, technology, HCM City invests just VND4.5 tril. in science, technology, Kinh Do continues boosting M&A activity; VFA, provinces team up for rice production

Team effort to aid troubled Vinashin

 VietNamNet Bridge – The State Capital Investment Corporation (SCIC) and Debt and Asset Trading Corporation (DATC) will join hands to help restructure Viet Nam Shipbuilding Industry Group (Vinashin).

The ESOP rush

Big enterprises have been following in each others’ footsteps in launching ESOP – employee stock ownership plans – to increase their capital, bring more benefits to shareholders and retain workers.

State’s “super-corporation” also bears competition pressure

If another state’s capital management company which would compete with the existing State Capital Investment Corporation (SCIC) is set up as suggested, SCIC would no longer obtain advantage.

Lacking capital, businesses look daggers at SCIC

If the State Capital Investment Corporation (SCIC) only does the simple work of depositing the state’s money at banks for profit, it would be better for it to get dissolved.

SCIC’s role in state invested enterprises dim and unclear

Holding a huge asset of the state, contributing capital into many big enterprises and considered the biggest and most powerful investor in Vietnam, the State Capital Investment Corporation (SCIC) has been playing a very dim role in the businesses.

As fortunate as SCIC

Deposit interests and dividends were the two main sources of income for the State Capital Investment Corporation (SCIC).

SCIC seeks to acquire non-core stakes of State groups

Efforts by State-owned groups and corporations to withdraw from non-core businesses may be given a boost if the Prime Minister approves a proposal by the State Capital Investment Corporation to acquire such stakes.

The story about SCIC and the milk cow (part 2)

A question has been raised on how the SCIC’s fate would be if one day, it has to abandon Vinamilk shares?

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

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.

Drastic solutions proposed to rescue property market

The Vietnam Association of Financial Investors (VAFI) has sent a document to the Prime Minister, suggesting solutions to unfreeze the local property market, whereas economists said the market should not be intervened in.