State Capital Investment Corporation - SCIC

AAA

DEFINITION of 'State Capital Investment Corporation - SCIC'

A state-owned investment fund formed by the Communist Party of Vietnam in 2005 to invest in state enterprises. SCIC's stated goals as a sovereign wealth fund are to be an active shareholder in the state enterprises, to be a professional financial consultant and to earn returns that can be reinvested in the government.

INVESTOPEDIA EXPLAINS 'State Capital Investment Corporation - SCIC'

SCIC manages businesses in sectors including financial services, energy, manufacturing, telecommunications, transportation, consumer products, healthcare and information technology.




Vietnam, also referred to as the Socialist Republic of Vietnam, is a communist state with a centrally planned economy, but it has implemented economic reforms to introduce elements of the free market.



RELATED TERMS
  1. Privatization

    1. The transfer of ownership of property or businesses from a ...
  2. Self-Regulatory Organization - ...

    A non-governmental organization that has the power to create ...
  3. Free Market

    A market economy based on supply and demand with little or no ...
  4. Market Economy

    An economic system in which economic decisions and the pricing ...
  5. Sovereign Wealth Fund - SWF

    Pools of money derived from a country's reserves, which are set ...
  6. Welfare Capitalism

    Definition of welfare capitalism.
Related Articles
  1. Sovereign Wealth Funds - Friend Or Foe?
    Investing Basics

    Sovereign Wealth Funds - Friend Or Foe?

  2. An Introduction To Sovereign Wealth ...
    Mutual Funds & ETFs

    An Introduction To Sovereign Wealth ...

  3. State-Run Economies: From Public To ...
    Personal Finance

    State-Run Economies: From Public To ...

  4. Iraqi Dinar: Can Comparables Guide Investment?
    Fundamental Analysis

    Iraqi Dinar: Can Comparables Guide Investment?

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center