The Prime Minister has instructed that state capital ownership in state-own enterprises (SOEs) should be managed by the State Capital Investment Company (SCIC).
The Prime Minister has instructed that state capital ownership instate-own enterprises (SOEs) should be managed by the State CapitalInvestment Company (SCIC).
The PM has requestedministries, ministerial bodies and localities to supervise the transferof capital to the SCIC, ensuring the completion of the process by theend of August.
The SCIC, which was formed under aGovernment Decision in 2005 as a Government shareholder in SOEs, isresponsible for managing and investing State capital in various sectors,including financial services, banking, insurance, energy, manufacturingand telecommunications. Transportation, consumer products andhealthcare sectors also fall under its purview.
During the last nine years, the SCIC has successfully sold capital in746 enterprises, earning 7.202 trillion VND (334.97 million USD), 2.3times more than the book value.
Its total assetshave reached 69 trillion VND (3.2 billion USD), 13 times higher thanwhen it was established. Its equity is estimated to be over 31 trillionVND (1.44 billion USD), nine times more than in 2005.-VNA
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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