State capital corporation successfully sells capital in 999 firms
State capital investment corporation successfully sells capital in nearly 1,000 firms
The State Capital Investment Corporation (SCIC) successfully sold capital in 999 enterprises as of June 30, said Deputy General Director Le Song Lai during a conference in the central province of Nghe An on July 17.
Nghe An (VNA) – The State Capital InvestmentCorporation (SCIC) successfully sold capital in 999 enterprises as of June 30,said Deputy General Director Le Song Lai during a conference in the centralprovince of Nghe An on July 17.
Lai said the SCIC sold all capital in 896 firms, and part in84 others, and collected over 47 trillion VND (2.04 billion USD) from sellingpurchasing rights in 19 businesses, or 4.2 times higher than the prime cost.
Also as of June 30, the SCIC managed a total of 144companies with a total book value of nearly 29 trillion VND out of thechartered capital of upwards 99.5 trillion VND.
SCIC General Director Nguyen Chi Thanh said as a Statecapital management agency and shareholder of businesses, the corporation hasincreasingly improved its management capacity to bring optimal results tofirms.
In the near future, it will work with competent authoritiesto fine-tune legal regulations on SCIC’s representatives in enterprises,including salaries, incentives and policies for them after State capital infirms are sold out.
It is also adopting modern technology to improve theefficiency of State capital management, the official said.-VNA
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Illustrative image (Source: VNA) 
