History of formation and development of SCIC Investment Company Limited
- SCIC Investment Company Limited (SIC for short) is an enterprise 100% owned by the State Capital Investment Corporation (SCIC). SIC was established under Decision No. 25/QD-DTKDV.HDTV dated October 12, 2012 of SCIC on the basis of the Prime Minister's approval in Official Dispatch No. 680/TTg-DMDN dated May 23, 2012. On January 14, 2013, SIC officially went into operation with a charter capital of 1,000 billion VND.
- SIC's operating goal is to do business effectively and maximize profits; Financial investment in key industries and fields of strategic importance for the country's economic development, businesses that operate sustainably and have good profitability; Enhance professionalism and agility in investment through financial investment and project investment activities (buying and selling stocks, bonds, financial instruments, mergers and acquisitions of businesses, contributing capital to establish new businesses, contributing capital, investment cooperation to implement projects) and investment consulting activities .
- During the process of formation and development, SIC always received close attention and direction and support from SCIC. With the efforts of the Board of Directors and all employees, SIC has implemented highly effective investments with strong revenue and profit growth over the years. In 2013, SIC's total revenue reached 29.5 billion VND, profit after tax reached 14.70 billion VND. By 2018, total revenue reached 147.7 billion VND and profit reached 79.5 billion VND. The average profit rate of financial investment activities in the 6 years from 2013 to 2018 reached 18%/year.
SIC is gradually asserting its position as a professional, dynamic financial investment organization of SCIC and a reputable and trusted partner in the financial market.
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