The Ceremony to announce and award Decision of the Prime Minister on the appointment of Chairman of the Board of Members and Decision of the Standing Board of the Party Committee of Central Enterprise Block approving the Secretary of the Party Committee o

On the morning of October 27, 2021, with the consent of the Government Leaders and the Committee of National-level State-Owned Enterprises’ Group, at SCIC headquarters, a Ceremony to announce and award the Prime Minister's Decision on the appointment of Chairman of the Board of Members and Decision approving the position of Secretary of the Party Committee of the State Capital Investment Corporation (SCIC).

Attending the ceremony were Mr. Nguyen Hoang Anh - Chairman of the Committee for Management of State Capital at Enterprises (CMSC); Mr. Nguyen Long Hai - Secretary of the Party Committee of Central Enterprise Block; Mr. Nguyen Hong Long - Deputy Head of Business Innovation Department, Government Office and representatives of many ministries and branches such as Ministry of Home Affairs, Ministry of Finance, Ministry of Planning and Investment, Ministry of Public Security...

On SCIC's side, there were Members of the Board of Members, Board of Directors, and Heads of units under the Corporation.

At the Ceremony, authorized by the Prime Minister, Mr. Nguyen Hoang Anh handed over Decision No. 1772/QD-TTg dated October 21, 2021 of the Prime Minister on the appointment of Mr. Nguyen Chi Thanh, Member of the Board of Members, General Director of SCIC to hold the position of Chairman of the SCIC’s Board of Members.

On behalf of the Party Committee of Central Enterprise Block, Mr. Nguyen Long Hai handed over the Decision No. 438-QD/DUK dated October 21, 2021 of the Standing Board of the Party Committee of Group approving Mr. Nguyen Chi Thanh to hold the position of Secretary of the Party Committee of the State Capital Investment Corporation for the 2020-2025 term.

Speaking at the Ceremony, Mr. Nguyen Hoang Anh and Mr. Nguyen Long Hai congratulated Mr. Nguyen Chi Thanh on receiving the high trust of key leaders of SCIC, the approval of competent authorities and the Prime Minister to be appointed as a new leader at SCIC.

At the same time, Mr. Nguyen Hoang Anh also highly appreciated the role of SCIC in speeding up the process of restructuring, innovating and improving the operational efficiency of state-owned enterprises; renovate the state capital management method, switching to capital investment mode with comprehensive and positive results. Faced with the country's socio-economic development requirements in the coming time, Mr. Nguyen Hoang Anh proposed that Mr. Nguyen Chi Thanh together with SCIC's leaders, officers and employees, will be focus on implementing 06 main orientations as bellows:

Firstly, soon complete and report to the CMSC to submit to the Prime Minister for approval the draft of SCIC Development Strategy for the period of 2021 - 2030 and a vision to 2035 in order to have a legal basis to accelerate investment activities, perform well the role of Government investor and transform SCIC's operating model into a Government Investment Fund (after 2025);

Secondly, well managing state capital in enterprises, innovating corporation governance to improve the efficiency of capital use and profits of enterprises, demonstrating the added value of SCIC when investing in these enterprises;

Third, propose a feasible plan on investment and use of SCIC's capital in enterprises and effective investment projects, in line with the country's development strategy, prioritizing in infrastructure and energy sectors... This is an important basis for determining the appropriate size of SCIC's charter capital;

Fourth, urgently develop and report to the CMSC to submit to the Prime Minister for consideration and approval of the SCIC Restructuring Project for the period 2021 - 2025. On that basis, speed up the progress of receiving enterprises, shares equitization and divestment of state capital in enterprises that the state does not need to hold; and continue to hold and perform well the role of the state shareholder in a number of large-scale and highly efficient enterprises according to the draft Development Strategy for the period 2021 - 2030 and a vision to 2035;

Fifth, further promote the investment functions of the Corporation with a clearer orientation, performing well the role of Government investor in the context of the COVID-19 pandemic; positively consider investment opportunities in a number of projects, cooperate with other corporations under the CMSC;

Sixth, improve human resource quality and operational efficiency of the Corporation to perform well the assigned tasks.

Mr. Nguyen Hoang Anh believes that, with his new role as Secretary of the Party Committee, Chairman of SCIC's Board of Members, Mr. Nguyen Chi Thanh and all the staff of SCIC will promote the achieved results and continue to accelerate assigned tasks in order to successfully implement the SCIC Development Strategy in the coming time.

Also at the Ceremony, Mr. Nguyen Long Hai emphasized the tasks that the new Secretary of the SCIC Party Committee, together with the SCIC team, need to perform well in the coming time, especially the effective implementation of Resolution 12, the 5th Central Conference, Course XII on continuing to restructure, innovate and improve the efficiency of state-owned enterprises; focus on building a clean and strong SCIC Party Committee in terms of politics, ideology and morality in accordance with the spirit of the Party's Resolution; promote democracy and well implement the regulations on democracy in the activities of the Party Committee in order to comprehensively lead all aspects of Party building work at enterprises in the coming time.

Addressing his assignment, Mr. Nguyen Chi Thanh expressed his deep gratitude to the Communist Party of Viet Nam Designated Representation, the Prime Minister, the Deputy Prime Ministers, the leaders of the CMSC, the Party Committee of National-level State-Owned Enterprises’ Group and representatives of relevant Ministries and sectors and all SCIC’s staff for trusting and assigning him new responsibilities.

Mr. Nguyen Chi Thanh affirmed that he would inherit the valuable achievements and experiences of SCIC leaders over the years; willing to bring all his abilities, wisdom and enthusiasm, together with the SCIC’s leaders and employees to strictly comply with the direction of the Government, the CMSC, the Party Committee of National-level State-Owned Enterprises’ Group and the relevant Ministries; successfully organize the implementation of the development strategy of SCIC right after it is approved by the Prime Minister. At the same time, SCIC also actively prepares resources and conditions to convert SCIC into a Government Investment Fund as soon as possible.

In order to be able to carry out the above tasks, Mr. Nguyen Chi Thanh expressed his wish that SCIC would continue to receive the attention and guidance of the leaders of the Party, the Government, the CMSC, the Party Committee of National-level State-Owned Enterprises’ Group and relevant ministries. At the same time, he also called on all SCIC leaders and officials, to jointly promote the tradition of solidarity, strive, be responsible, and be creative to build a professional, dynamic and efficient SCIC.

Established under the Prime Minister's Decision No. 151/2005/QD-TTg dated June 20, 2005 and officially came into operation on August 1, 2006, SCIC was incorporated in the context of Vietnam's policy to promote the reorganization, innovation and improvement of operational efficiency and competitiveness of state-owned enterprises; separate the function of state management and function of representing the owner of the State in enterprises.

After 16 years of establishment and development, SCIC has become a financial institution of the Government to implement the Party's important policy on renovating the state capital management method, shifting from an administrative mechanism to a business one, contributing to speeding up the process of reorganization, innovation, and improvement of the efficiency of state-owned enterprises. Since its establishment, SCIC has received 1,075 enterprises, successfully divested in 910 enterprises, earning 48,152 billion VND, 4.2 times higher than the cost of investment. Total investment is 28,500 billion VND, of which existing investment is 14,500 billion VND and new investment is 14,000 billion VND.

Especially, in the last five years (2017-2021), SCIC's performance has grown significantly. This period accounted for 46% of total revenue, 45% of total pre-tax profit, 68% of the value received, 43% of the capital sale value, 54% of the value paid to the state budget... in comparison to the results achieved in 16 years of establishment. Many of SCIC's divestments are not only successful in terms of value to the state budget, but also leave valuable experiences for the process of restructuring state-owned enterprises such as the divestment deal of Vinamilk, Binh Minh Plastics, Vinaconex... Regarding investment, SCIC has invested with a total value of 36,841 billion VND. Recently, facing the urgent request to reduce difficulties for Vietnam Airlines Corporation (Vietnam Airlines) due to the impact of the COVID-19 pandemic, SCIC has invested 6,900 billion VND to buy shares (31% ownership) to increase charter capital in Vietnam Airlines.

In the coming time, SCIC aims to be as a Government Investor with the investment orientation to key and pervasive industries and fields, creating a driving force for the development of the economy, in line with the guidelines and policies of the Party and Government.

Mr. Nguyen Chi Thanh was born in 1972, holds a Master's degree from the National Graduate Institute for Policy Studies (GRIPS), a Bachelor's degree from National Economics University of Viet Nam and a Certificate of Advanced Political Theory.

 He used to work at the Foreign Exchange Management Department, the State Bank of Viet Nam and participated in the restructuring of foreign debt and the development of foreign exchange policy.

 Started working at SCIC as Deputy Head of Strategy Department since 2006 and he then was appointed as Head of Strategy Department in November 2008. Since 2010, he has been appointed as Head of Risk Management Department, Director of SCIC’s Southern Branch, Head of Investment Department No.3, respectively.

 On June 30, 2015, he was appointed as Deputy General Director of SCIC, then Deputy General Director in charge of SCIC since September 1, 2017. On May 8, 2019, he was appointed by the Prime Minister as a Member of the Board of Members, General Director of SCIC.

 At the 3rd SCIC Party Congress, term 2020 - 2025, he was elected to the Executive Committee of the Party Committee of Central Enterprise Block, Standing Committee, Deputy Secretary of the Party Committee. He was then assigned by the Party Committee of the Party Committee of Central Enterprise Block to be in charge of the SCIC Party Committee on October 2, 2020.

 On October 21, 2021, the Prime Minister appointed him as Chairman of SCIC's Board of Members; the Standing Board of the Party Committee of Central Enterprise Block approved him as the Secretary of SCIC Party Committee for the 2020-2025 term./.