SCIC

What SCIC does

SCIC (State Capital Investment Corporation) is a Vietnamese state-owned investment corporation founded in 2005 and headquartered in Hanoi. It is wholly owned by the Government of Vietnam and operates as a sovereign investment vehicle mandated to manage state capital investments in Vietnamese enterprises and to execute strategic state-led projects. Its functional scope spans investment consulting, equitization (state-owned enterprise restructuring toward private ownership), corporate governance advisory, business ownership transformation, and M&A services.

The entity operates with a small internal team of 11–50 employees, and no technology platform, software product, or proprietary service offering is documented in available sources — the corporate website (scic.vn) exposes only a Zimbra Web Client sign-in page, and no APIs, applications, or product documentation are referenced. Its business model therefore depends not on technology productization but on government-mandated mandates: it is allocated state capital to deploy, it earns returns or fees on investment outcomes, and it provides advisory services tied to equitization and ownership restructuring programs.

Recent activity is dominated by infrastructure co-investment rather than service revenue, most notably the $1.95 billion Cai Mep Ha port project announced 2026-02-02 alongside Geleximco Group JSC and International Transportation and Trading JSC. SCIC concurrently shed part of its existing portfolio oversight responsibility in July 2025, when state capital oversight of FPT Telecom was formally transferred to the Ministry of Public Security. No revenue, ARR, or operating budget figures are publicly disclosed.

Name

SCIC

Legal name

State Capital Investment Corporation

Website

https://scic.vn

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

SCIC (State Capital Investment Corporation) is a Vietnamese state-owned investment corporation, wholly owned by the Government of Vietnam, that manages state capital investments in Vietnamese enterprises and provides investment consulting, equitization, corporate governance, and M&A services.

Ownership category

akta.pro rank

Product category

Sovereign Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)

SIC

Investors, Nec (6799), Investment Advice (6282)

akta.pro primary industry

Strategic / Balance-Sheet CVC (On-balance-sheet investing) (FSANAHAA)

akta.pro secondary industries

Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF), Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)

Keywords

• Sovereign investment management
• State-owned enterprise advisory
• Corporate governance consulting
• Equitization services
• M&A advisory

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Core offering

SCIC (State Capital Investment Corporation) is Vietnam's state-owned investment corporation that manages state capital investments in Vietnamese enterprises and strategic projects. It provides a wide spectrum of investment consulting, equitization, corporate governance, business ownership transformation, and M&A services to state-owned enterprises under government mandate. It co-leads large-scale infrastructure projects such as the $1.95 billion Cai Mep Ha port development alongside domestic financial partners.

Product overview

No product or service information available in the provided sources. The SCIC website (scic.vn) displays only a Zimbra Web Client sign-in page. News sources reference State Capital Investment Corporation's involvement in infrastructure projects and corporate oversight but provide no details on product or service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Consulting Advisory service supporting Vietnamese state-owned enterprises and government entities on investment decisions, state capital deployment, and strategic transactions.
• Equitization Services Service assisting with the conversion of state-owned enterprises into equitized entities, supporting Vietnam's state-owned enterprise reform agenda.
• Corporate Governance Advisory Advisory service delivering corporate governance frameworks and oversight support for Vietnamese state-owned enterprises under SCIC's state capital management role.
• Business Ownership Transformation Service supporting the transformation of ownership structures at Vietnamese state-owned and state-affiliated enterprises, including restructuring of state equity positions.
• M&A Advisory M&A advisory and execution support for Vietnamese state-owned enterprises and strategic infrastructure transactions, including large-scale co-investments.
• State Capital Investment Management Management of state-owned equity investments in Vietnamese enterprises and strategic projects on behalf of the Government of Vietnam.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• Temasek Holdings: Singapore's state-owned investment company; comparable because like SCIC it is a sovereign deployer of capital into strategic national and international assets with a long-duration balance sheet.
• GIC (Government of Singapore Investment Corporation): Singapore's sovereign wealth manager; comparable to SCIC because it invests government-linked capital with policy and commercial mandates across strategic sectors.
• Khazanah Nasional: Malaysia's sovereign strategic investment fund; comparable to SCIC because it holds and restructures state-linked commercial assets and pursues strategic national priorities.
• Korea Investment Corporation (KIC): South Korea's sovereign wealth manager; comparable to SCIC as a state-owned investment vehicle operating with policy direction in addition to return objectives.
• Public Investment Corporation (PIC, South Africa): State-owned asset manager investing government and pension capital; comparable to SCIC in that both are government-controlled investors managing public capital across strategic holdings.

Broad incumbents

• Mubadala Investment Company: Abu Dhabi's sovereign investor; broader incumbent peer to SCIC, operating at much larger scale but with the same model of state-mandated investing into infrastructure and strategic industries.
• China Investment Corporation (CIC): China's sovereign wealth fund; broader incumbent peer to SCIC, exemplifying the same state-capital deployment mandate at global scale.

Regional players

• VinaCapital: Vietnam's largest domestic investment management firm; comparable to SCIC because it operates in the same Vietnamese market, deploying capital into similar Vietnamese strategic assets, but as a private manager rather than a state owner.

Others

• State Bank of Vietnam (SBV): Vietnam's central bank; adjacent ecosystem participant because, like SCIC, it is a state-owned financial institution under Vietnamese government control, though its mandate is monetary rather than investment.
• Sovereign Wealth Fund Institute (SWFI): Data and benchmarking provider for sovereign investors; included as an ecosystem peer because SCIC operates within the same sovereign-investor universe that SWFI tracks and benchmarks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SCIC