SCIC manages State capital of nearly 20 trillion VND at 141 firms
The State Capital Investment Corporation (SCIC) had invested in 141 businesses as of July 31 with total State capital of almost 19.56 trillion VND (860.6 million USD) among their combined charter capital of nearly 94.93 trillion VND (4.18 billion USD).
A factory of Vinamilk - a business with SCIC-managed State capital (Photo: Vinamilk)
Hanoi (VNA) – The State Capital InvestmentCorporation (SCIC) had invested in 141 businesses as of July 31 with totalState capital of almost 19.56 trillion VND (860.6 million USD) among theircombined charter capital of nearly 94.93 trillion VND (4.18 billion USD).
SCIC has managed the State capital via 227representatives at these enterprises.
It said selling State capital is an importanttask of SCIC, noting that despite many unfavourable conditions in the market,the representatives of State capital at the firms have coordinated well withthe corporation in solving lingering problems, help build dossiers for the saleof State capital and introduce investors, thus helping to speed up the sale.
In 2016, SCIC successfully sold out of Statecapital at 71 businesses and sold part of the capital at two firms, gainingover 16.11 trillion VND (708.84 million USD).
Some businesses with SCIC-managed State capitalearned more-than-expected revenues last year such as Bao Minh Joint StockCompany (148 percent higher than the planned revenue), Binh Minh Plastic JointStock Company (131 percent), Vietnam Construction and Import-Export Joint StockCorporation Vinaconex (114 percent), Vietnam Dairy Products Joint Stock CompanyVinamilk (113 percent), and DHG Pharma Corporation (111 percent).
The return on equity (ROE) ratio is also veryhigh at many companies such as Vinamilk (42 percent), FPT Telecom Joint StockCompany (29 percent), Binh Minh Plastics (27 percent), and DHG Pharma (25percent), SCIC noted.-VNA
The State Capital Investment Corporation (SCIC) on March 29 introduced two publications on corporate governance for the benefit of its representatives in State-owned companies.
The State Capital Investment Corporation (SCIC) has announced that in the first quarter of 2017, it recorded 639 billion VND (28.1 million USD) in revenue, 584 billion VND (25.7 million USD) in pre-tax profit and 503 billion VND (22.1 million USD) in post-tax profit.
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The State Capital Investment Corporation (SCIC) will sell 48.33 million shares or 3.33 percent of its stake in the Vietnam Dairy Products JSC (Vinamilk) in October, SCIC Chairman Nguyen Duc Chi said.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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A factory of Vinamilk - a business with SCIC-managed State capital (Photo: Vinamilk) 
