The State Capital Investment Corporation (SCIC) was incorporated under Decisions No.151/2005/QD-TTg of the Prime Minister dated 20 June 2005.

With its board mandate, SCIC’s creation is seen 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 utilisation. SCIC’s primary objectives are 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.

Commenced operations since August 2006, SCIC is currently managing a large portfolio of over 500 enterprises that are operating in various sectors, such as financial service, energy, manufacturing, telecommunications, transportation, consumer products, health care, and information technology.