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.
1. The transfer of ownership of property or businesses from a ...
A non-governmental organization that has the power to create ...
A market economy based on supply and demand with little or no ...
An economic system in which economic decisions and the pricing ...
Pools of money derived from a country's reserves, which are set ...
Definition of welfare capitalism.