Hanoi, 22/10/2009 – Today, State Capital Investment Corporation (SCIC) and Bao Viet Holdings (BVH) have signed a MOU to enhance the strategic relationship between the two organizations based on each other’s competitive advantages.

Based on the Decision 204/QD-BTC of Ministry of Finance dated 30 June 2009 and the Shareholder’s agreement 02/2009/NQ-DHCD of BVH dated 23 September 2009 which indicates the transferring of state capital of Vinashin to SCIC, SCIC agrees to hold the shares of BVH and exercise all the rights and obligations as the founding shareholder of BVH accordance to the laws and BVH’s Charter. On its side, BVH agrees to assure the rights of SCIC as a founding shareholder of BVH such as the right to nominate Board members.

According to this MOU, SCIC and BVH agree to cooperate with each other in fields of insurance and investment. Together, SCIC and BVH will share the experience in corporate governance, asset management, human resource management...

Especially, when there are investment opportunities that suited to the strategy of SCIC or BVH, two sides will provide information and advisory services to each others in order to manage the capital in the most efficiency way.

For more information, please contact:

Ms Tran Hoang Ly, Executive Office, Tel: 04.6278 0126, email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .