SCIC organized a conference to summarize the Party's work and business investment activities in 2020, implementing the plan for 2021.

SCIC organized a conference to summarize the Party's work and business investment activities in 2020, implementing the plan for 2021.

On December 30, 2020, at headquarter, the State Capital and Investment Corporation – SCIC organized a conference to summarize the Party's work and business investment activities in 2020, implementing the plan for 2021.

Attending the SCIC's Conference, on the guest side, were Mr. Hoang Giang - Deputy Secretary of the Party Committee of the Centrally-Businesses’ Sector; Mr. Ho Sy Hung - Deputy Secretary of the Party Committee,  Vice Chairman of the Commission for the management of  State Capital at Enterprises, Mr. Nguyen Hong Long - Deputy Director of the Steering Committee for Renovation and Development of Enterprises, Mr. Nguyen Dinh Thuan - Lieutenant General - Member of the Central Public Security Party Committee, Secretary of the Party Committee, Director of Economic Security Department, Ministry of Public Security and many representatives of Standing Committee, Executive Committee of the Party Committee, a numberunits of the Party Committee of the Centrally-Businesses’ Sector and leaders of agencies and divisions underthe Government Office, Ministry of Public Security, Ministry of Finance, Ministry of Planning and Investment and Commission for the management of  State Capital at Enterprises.

On the SCIC side, there were Mr. Nguyen Chi Thanh - Deputy Secretary in charge of the Party Committee, Member of the Board of Members, General Director and  Mr. Nguyen Quoc Huy- Standing Member of the Board of Members and the entire Board of Directors, officers, party members, and employees of SCIC.

Pic: Mr. Dinh Viet Tung - Deputy General Director presented the Summary Report on business investment activities in 2020, implementing the plan for 2021 at the Conference.

The summary report of 2020 and the plan for 2021 of SCIC show that in 2020 the Global has witnessed strong world economic fluctuations due to the US-China trade conflict, COVID 19…that had negative impacts on many aspects of the Vietnamese economy and financial - monetary market. In that context, SCIC's investment and business activities also faced many difficulties, however, with much  efforts of the SCIC Board of Directors and all its officers and employees; with the close attention and direction of the Government, the Prime Minister, the Government Office, the Commission for the management of State Capital at Enterprises, the Party Committee of the Central Committee of Enterprises ..., the coordination among ministries and People's Committees in provinces and cities, corporations and international organizations and partners; SCIC has been striving to successfully complete its 2020 business plan and achieve positive and comprehensive results in all aspects of its operations.

As of December 31, 2020, SCIC's revenue is estimated at VND 7,945 billion, equal to 115% of the plan. Accordingly, the dividend revenue is estimated at VND 4,633 billion, equal to 134% of the plan; the revenue from divestment is estimated at VND 1,173 billion, in which the difference in divestmentis VND 602 billion, equal to 82% of the plan; the financial revenue is estimated at VND 2,128 billion, equal to 106% of the plan.

In addition, the profit before tax is estimated at VND 6,588 billion, equal to 136% of the plan; the profit after tax is estimated at VND 6,197 billion, equal to 136% of the plan and submitting to the state budget is estimated at VND 9,337 billion, 2.7 times higher than the plan.

Regarding the receipt of the right to represent the owner of state capital in enterprises, on June 29, 2020, the Prime Minister issued Decision No. 908/ QD-TTg approving the list of enterprises with state capital to be divested until the end of 2020 (Decision No. 908) to replace the Decree No. 1232/ QD-TTg dated August 17, 2017.Accordingly, up to now, SCIC has received 07 out of 14 enterprises with a total state capital of VND 8,306 billion out of the total charter capital of VND 13,246 billion.

Right after the receipt, especially for groups, corporations and large enterprises which have dominant capital such as Saigon Beer - Alcohol - Beverage Corporation, Song Da Corporation - JSC …, as a state shareholder, SCIC has initially strengthened the Representatives system at those enterprises, implemented corporate governance measures, and applied an advanced governance system. In addition, SCIC has proactively developed and implemented business restructuring plans; focus on handling problems; done a lot of researches  and participated in decision on business plans of enterprises, contributing to stabilizing the financial situation and improving the operational efficiency of the enterprises.

Regarding the divestment of state capital at enterprises, implementation of the Decisions of the Government and the Prime Minister on the restructure of SCIC which are Decision No. 100/QD-TTg, Decision No. 1232,  in the period 2015-2020, SCIC successfully sold entire state capital at 253 enterprises, selling capital at 14 enterprises, earning VND 42,145 billion out of the cost price of VND 8,910 billion, 4.7 times higher than plan. Currently, the list of enterprises under the governance of SCIC includes145 enterprises of which more than 50% of businesses have been try to sellstate capital but failed.

Regarding the implementation of investment activities: In the period 2015-2020, SCIC has researched many investment opportunities in different industries and fields and has disbursed VND 14,970 billion(including existing investments, designated investments, stocks and bonds). According to the business plan of 2020 approved by the Commission, SCIC has actively researched 31 investment opportunities, of which 07 have been approved for research policies, and moved to the first stage of investment policy submission. Those investments are focus mainly on financial investment activities, such as capital investment in enterprises with SCIC capital, corporate bonds, bank bonds ...

Regarding the construction of institutions, policies and development strategies, among of them the most prominent is that SCIC has developed the draft Development Strategy of SCIC for the period 2020-2030, vision to 2035 and the Plan of SCIC for production, business and development investment for the period 2020-2025,in association with the direction of the Commission for the management of State Capital at Enterprises. Those drafts have been deployed to collect appraisal comments of the relevant  ministries, including the Ministry of Finance, the Ministry of Justice, the Ministry of Planning and Investment and a number of other ministries and branches. The drafts are currently being appraised by the Commission for the management of State Capital at Enterprisesand then submitted to the Prime Minister for consideration on approval. The draft Development Strategy identifies that the coming orientation of SCIC is to focus on pushing capital investment and business activities toward well performing the role of "an investor of the Government", aiming to become a Sovereign wealth fund of the Government.

Pic: Mr. Le Song Lai - Deputy Secretary of the Party Committee, Deputy General Director presented the Summary Report on the Party's work at the Conference.

The work of the Party, unions, and other areas has also successfully completed the plans according to the report. SCIC has also actively implemented the Resolutions and Conclusions of the Central, Government and of the Party Committee of the Central Business Sector, especially the successful organization of the 3rd SCIC Party Congress, term 2020-2025. It has been one of the key congresses of the Party Committee of the Centrally-Businesses’ Sector. Trade Union and Youth Union in strictly compliance with principles, charter, have organized many practical movements and highly appreciated by their superiors.

Regarding the plan for the year 2021, in the context of the global economy as well as the country facing many challenges due to the ongoing impact of the Covid-19 epidemic, in accordance with the guidance of the Commission for the management of State Capital at Enterprises in the Conclusion No. 46 / TB-UBQLV dated 11/13/2020 on the plan of business activities and development investment in 2021 of the Groups, the Corporation, the Reports of SCIC also states a number of major work programs in 2021, focusing mainly on institutional and strategic building; receiving and handing over the right to represent the owner of state capital at enterprises; corporate governance; restructuring, equalization and sale of state capital in enterprises and capital business investment.

Pic: Mr. Hoang Giang - Deputy Secretary of the Party Committee of the Centrally-Businesses’ Sector gave his speech at the Conference.

Speaking at the Conference, Mr. Hoang Giang - Deputy Secretary of the Party Committee of the Centrally-Businesses’ Sector  highly appreciated the efforts of SCIC's Party Committee and Board of Directors in leading and directing SCIC to successfully complete political tasks and work plan, especiallyin the context of heavy impacts from epidemics and natural disasters on the country's socio-economy. At the same time, he noted that the SCIC Party Committee needs to be closely followed by direction of the Central and the Party Committee in Party building work; leading and directing the Corporation to focus on key contents of 2021, of which the most important is domestic politics,  basement democracy, and consolidation of key persons and representatives.

Pic: Mr.  Ho Sy Hung - Deputy Secretary of the Party Committee,  Vice Chairman of the Commission for the management of state capital at enterprises spoke and directed at the Conference.

On behalf of the Commission for the management of State Capital at Enterprises,giving a speech at the Conference, Mr. Ho Sy Hung - Deputy Secretary of the Party Committee,  Vice Chairman of the Commission for the management of state capital at enterprisesacknowledged and highly appreciated the efforts of leaders and staff of SCIC in overcoming difficulties, challenges, successfully completing assigned tasks. In 2021, to complete the set objectives, Mr. Ho Sy Hung proposed SCIC Board of Directors to focus on directing and leading key contents of the plan such as completing the draft Development Strategy of SCICfor the period of 2020 - 2025, vision to 2035, the Plan of SCIC for the production, business and development investment in the period of 5 years, report to the Commission for the management of State Capital at Enterprisesfor consulting with competent authorities and submit to the Prime Minister for approval in accordance with relevant laws and regulations; focus on receiving the right to represent the owner of state capital in enterprises that are handed over to the Corporation, speeding up the equalization and divestment of state capital in enterprises the SCIC’s Restructuring Scheme. At the same time, SCIC continue to invest in holding and well perform the role of state shareholders in a number of large-scale and highly effective enterprises according to the draft Strategy. According to Mr. Ho Sy Hung, SCIC's investment and business activities should continue to focus and expand with a clearer orientation, especially on large-scale projects in the fields that the State needs to hold, create an important preparation step to further promote the capital investment function of the Corporation in the coming time in the direction of becoming a Government investor.

On behalf of SCIC leaders and staff, Mr. Nguyen Chi Thanh - Deputy Secretary in charge of the Party Committee, Member of the Board of Members, General Director thanked for the attention of leaders of the Party, State, Ministries and central branches. At the same time, he also affirmed that SCICwill unanimously implement well the proposed plans as well as the assigned tasks in 2021.

Pic: Mr. Nguyen Chi Thanh - Deputy Secretary in charge of the Party Committee, Member of the Board of Members, General Director delivered the closing speech at the Conference

Also at the Conference, SCIC was very honored to receive the annual Government Emulation Flag for excellent organization in 2019; Certificate of Merit from the Party Committee of the Centrally-run Businesses Sectors awarded to SCIC's Party Committee for outstanding achievements in implementing Directive 05-CT/TW dated May 15, 2016 of the Politburo on "promoting learning and following ideology and ethics Ho Chi Minh style for the period of 2018 - 2020 ”; Certificate of Merit from the Minister of Public Security to the Corporation for "Excellent achievements in the all-people movement to protect national security" in 2019; Certificate of Merit from the General Director of Economic Security Bureau for Mr. Nguyen Chi Thanh - Deputy Secretary in charge of the Party Committee, Member of the Board of Members, General Director of SCIC for excellent achievements in the emulation movement "All people protect the national security" in 2020.

The Conference on summarizing the Party's work and business investment activities in 2020, and implementing SCIC's 2021 plan, took place successfully./.