SCIC maintains impressive growth momentum, moving towards the Government Investment Fund model

On December 3, a workshop on developing the SCIC model towards professional capital business, towards forming a Government Investment Fund was held, aiming to implement the task of developing the State economy and orienting SCIC to 2030, with a vision to 2035.

According to information at the Workshop, in the first 10 months of 2025, the State Capital Investment Corporation (SCIC) recorded positive business results with double-digit growth. Specifically, revenue reached VND 11,794 billion (98% of the plan), profit after tax reached VND 11,367 billion (123% of the plan). The unit estimates that in the whole year of 2025, revenue will reach VND 12,079 billion, up 17% and profit after tax will reach VND 11,182 billion, up 15% over the same period. Since its establishment, SCIC has paid more than VND 100,000 billion to the state budget, of which over VND 40,000 billion in the 2021-2025 period alone.

Along with financial performance, SCIC has performed well in two core groups of activities: corporate restructuring and capital investment. Through international cooperation activities, the Corporation is gradually approaching modern governance standards to approach the Government Investment Fund model.

According to Mr. Dinh Viet Tung, Deputy General Director of SCIC, after 19 years of operation, the unit has affirmed the correctness of this special economic model, making a great contribution to the process of arranging and innovating the State-owned enterprise sector.

Workshop on Promoting the model of State Capital Investment Corporation. (Photo: VOV.VN)

At the workshop, Mr. Nguyen Chi Thanh, Chairman of the Board of Members of SCIC, commented that Vietnam is suitable for the Government Investment Fund model based on corporate assets instead of resources. Mr. Thanh shared that SCIC's operational practices have clarified the policy implementation process and this is the right time to establish a Government Investment Fund in Vietnam.

To realize this goal, experts and managers at the workshop proposed to thoroughly review and transfer commercial enterprises to SCIC to accumulate capital. Accordingly, three groups of enterprises need to be clearly defined, including defense-security, public service provision and commerce. In addition, the State needs to allow the Corporation to retain maximum after-tax profits to increase charter capital, while perfecting the legal framework on investment autonomy and governance mechanisms according to international standards.

Mr. Ho Sy Hung, Chairman of VCCI, stated that when switching to the investment fund model, the profits earned will be added to the fund, contributing to enhancing the leadership power of State-owned enterprises. According to Mr. Hung, the effectiveness of capital does not stop at contributing to the budget but must also generate profits and growth.

On the management side, Mr. Cao Anh Tuan, Deputy Minister of Finance, affirmed that SCIC has proven its capacity to execute and clearly demonstrated its role as a locomotive of State capital. Mr. Tuan said that the Ministry of Finance is committed to working side by side to remove difficulties so that SCIC can fulfill its mission of leading and growing the economy in the new era.

Concluding the workshop, SCIC leaders said they would compile opinions into documents to report to the Ministry of Finance and submit to the Prime Minister for approval of a new model in the future.

Source: https://thoidai.com.vn/scic-duy-tri-da-tang-truong-an-tuong-huong-toi-mo-hinh-quy-dau-tu-chinh-phu-218129.html