Tổng công ty Đầu tư và kinh doanh vốn nhà nước

State Capital Investment Corporation

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Mục lục
Thông điệp của Chủ tịch HĐTV 4

Thông điệp của Tổng giám đốc 5

Giới thiệu về SCIC 7

Tầm nhìn 9

Sứ mệnh 9

Giá trị theo đuối 9

Ban lãnh đạo 10

Sơ đồ tổ chức 12

Lĩnh vực hoạt động 14

Chiến lược phát triển 15

Hoạt động đầu tư 16

Doanh nghiệp
thành viên tiêu biểu 17

Content
Message from Chairman 22

Message from CEO 23

About us 25

Our vision 27

Our mission 27

Our values 27

Leadership 28

Organisational chart 28

Our operations 31

Our strategy 32

Our investments 34

Our outstanding 35
linked companies

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 Message from Chairman
The State Capital Investment Corporation (SCIC) represents a new model of using a special economic entity to
manage and invest State capital in various types of enterprises in Vietnam. Despite its short history of over two years
in operations, initial and positive results indicate that SCIC is the right choice for promoting State-owned enterprise
(SOE) reform in the country.

In fulfilling its mission, SCIC is making significant contributions to the success of the on-going SOE reform in Viet-
nam. SCIC has restructured the State capital invested in these companies; reduced the number of SOEs that are no
longer required to be retained by the State; accumulated capital to invest in key sectors/industries directed by the
State; and hence, helped to revamp the entire public sector.

SCIC’s establishment clearly exemplifies the transformation from the old system of capital grants into capital invest-
ments subject to market rules. In addition, SCIC is also regarded as an important instrument of the State to under-
take certain specific missions under special circumstances. Moreover, acting as a strategic shareholder, SCIC has
been actively advising the business community on a wide variety of issues that are pertaining to the companies’
survival and growth.

In the coming time, continuing efforts to consolidate and strengthen SCIC will become a crucial task to ensure a
successful implementation of the country’s economic and SOE reform. On its way to become a leading business
entity in Vietnam, SCIC will give a greater focus on its capacity building in order to successfully fulfill its missions of
being an active shareholder, a strong investment arm of the Government and a reliable consultant to the business
community.

Vu Van Ninh
Chairman

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Message from CEO
The State Capital Investment Corporation (SCIC) was established under Decision No. 151/2005/QD-TTg dated 20
June 2005 of the Prime Minister and officially started its operation on 1 August 2006.

SCIC is determined to become a strategic investment arm of the Government of Vietnam, whose objectives are to
maximize investment returns, introduce international best practices of corporate governance, and help to enhance
the competitiveness of the national economy.

SCIC has been playing as an active shareholder, representing State interests in various businesses, and concurrently
a professional financial advisor of the Government.

Between now and 2012, SCIC is scheduled to take over State shareholdings in a large number of state invested
enterprises with an estimated book value of VND 82,000 billion (or approximately US$ 4 billion).

Along with taking over State capital interests in various enterprises, SCIC will also undertake restructuring of its
portfolio in order to make it more efficient. Especially, SCIC plans to divest part of its current holdings equivalent to
21% of the total state capital transferred to SCIC. It is intended that by 2020, SCIC will only maintain between 100
and 150 companies in its portfolio, most of which will be encouraged to go listing on the stock exchanges.

SCIC will at the same time expand green field investments as well as restructure its current portfolio so as to in-
crease the market value of the combined portfolio to nearly US$ 20 billion by 2020.

SCIC will keep accelerating the taking over of State holdings in enterprises, streamlining and restructuring its port-
folio, and speeding up the divestment process. At the same time, we plan also to further consolidate the network
of enterprises’ nominees, as well as improve management capability so as to meet the international standards. In
addition, SCIC will start looking at investment opportunities in infrastructure projects such as airports, seaports,
etc.

During 2010 to 2015, SCIC will considerably reduce the number of its portfolio companies and build up an efficient
and flexible investment portfolio. Concurrently, SCIC will invest in key infrastructure projects, using diversified forms
and vehicles of investment to attract both public and private, domestic and foreign partners. In this stage, SCIC will
promote the introduction of international best practices of corporate governance to its member companies.

From 2015 to 2020, SCIC will strive to fully meet international best practices of corporate governance and look for
overseas investment opportunities.

As a strategic investment arm of the Government of Vietnam, SCIC will always open its door of opportunities and
partnerships to all investors for the country’s wealth and sustainable development.

Tran Van Ta
Chief Executive Officer

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About us
The State Capital Investment Corporation (SCIC) was incorporated under Decisions No. 151/2005/QD-TTg of the
Prime Minister dated 20 June 2005.

With its board mandate, SCIC’s creation is seen as a bold measure of the Government during the height of the
economic and SOE reforms that are aimed at enhancing the efficiency of state capital utilisation. SCIC’s primary
objectives are to represent the state capital interests in enterprises and invest in key sectors and essential indus-
tries with a view to strengthening the dominant role of the state sector while respecting market rules.

Commencing its operations since August 2006, SCIC is currently managing a large portfolio of over 600 enter-
prises that are operating in various sectors, such as financial services, energy, manufacturing, telecommunica-
tions, transportation, consumer products, health care, and information technology...

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Our vision
To become a strategic investor of the Government that is capable of generating maxi-
mum value and sustainable returns on investments.

Our mission
1. To be the Government’s strategic investor

2. To be an active shareholder

3. To be a professional financial consultant

Our values
Dynamism

Efficiency

Sustainability

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 LEADERSHIP
BOARD OF DIRECTORS

Mr. Vu Van Ninh Mr. Tran Van Ta

Minister of Finance Vice Chairman
Chairman

Mr. Cao Viet Sinh Mr. Do Huu Hao

Vice Minister of Planning & Vice Minister of Industry and Trade
Investment Member
Member

BOARD OF MANAGEMENT

Dr. Tran Van Ta

Chief Executive Officer

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Mr. Tran Van Hieu Mr. Hoang Nguyen Hoc
Vice Minister of Finance Member
Member

Mr. Nguyen Quoc Huy

Member

Mr. Hoang Nguyen Hoc Mr. Le Song Lai

Deputy General Director Deputy General Director

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 Organisational chart

Investment Dept. I
(Finance & Banking)

Investment Dept. II
(Energy, Construction &
Transportation)

Investment Dept. III

(Industry & Agriculture)

Investment Dept. IV
(Trade & Service)

Investment Dept. V
(Projects Development)
Associated
Supervisor
companies

Strategic Planning
Dept.

Finance &
Accounting Dept.

Board of Risk Management

Board of Directors Southern Branch
Management Dept.

Legal Dept.

Advisory Panel
Executive Office
(to be set up)
Member
companies
IT & Statistics
Dept.
Sub-committees
Human Resources
Dept.

Procurement
Office

Party and
Trade Union Dept.

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Our operations
Representing state capital interests in enterprises
Taking over state shareholdings and exercising state ownership rights in companies
Investing in and/or divesting from existing portfolio companies
Restructuring SCIC-linked companies

Making direct and indirect investments

Investing in key sectors and essential industries where state participation is needed
Contributing capital to joint ventures and joint stock companies
Investing in financial markets

Providing financial consultancy with respect to

Corporate restructuring
Equitisation
Investment
Bond issuance and underwriting

Raising capital
Borrowing
Issuing bonds in international and domestic markets
Managing entrusted funds

International cooperation in capital investment

Organising and participating in investment forums and conferences inside and outside Vietnam
Negotiating, executing and receiving foreign loans and ODA

Other auxiliary services

Providing training programs to portfolio companies
Conducting seminars and providing business information and investment opportunities to domestic and
foreign investors

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32
 Actions
Applying
High best
Excutive website Building
practises of
training quality strategic
cporate
Promoting seminars investor Restructuring
governance
best practises network inefficient
of coporate
governance Specifications companies
Linking Investing in
strategic inv
stors with
potential
enterprises Maximizing company
Sharing Reducing
Setting up an information corporate
number,
internationally value Increasing
training center increasing
Sharing competitiveness of quality
experience enterprises and the
Professional Missions whole economy Investing in strategic
training sectors in domestic or
overseas markets
Human capital Investing
supports in key
New
sectors Adding value to
investments strategic
Active Strategic shareholders
shareholder investor of the Creating
Flexible Government national Creating strategic
Divestment investment sustainable value, products,
Specifications

Specifications
technology, market
development
Missions

Missions
Actions

Actions
Performance
Strategic Providing based
Professional
investment government Professional Promoting renumeration
recommendations staffs
consultant financial best practices
consultant of corporate Nurturing
Policy
Recommendations governance talents
Linking for
domestic and Developing
foreign leadership skills
Assessing &
Providing investors renumerating leaders
investment Based on their
information Providing Missions performance
corporate Applying
Talent
Investment consultant advanced selection and
coorperation Creating technology
Transparent regular
momentum for training
managerment
capital market
Restructuring Applying
and impruving advanced
efficiency software
Accessing Specifications Effective
capital information
Assisting
markets Listing SCIC system
listing in Promoting Applying
domestic or advanced linked
capital
overseas markets management companies
procedures

Actions

Our strategy
SCIC’s business strategy is built on four major pillars, in particular:

1 Active shareholder

2 Strategic investor of the Government

3 Professional financial consultant

4 Promoting best practices of corporate governance

SCIC aims to:

Maximising investment returns by achieving sustainable growth and high profitability

Managing our linked companies in a transparent and effective manner with a strong emphasis on:
A strong competitiveness and healthy growth
Sound financial conditions
Proper management
Competent management and staff

Promoting international standards of corporate governance

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 Our investments
Underlying principles:

To concentrate investments on key and strategic sectors, which play an important role in bolstering the
nation’s economic development
To focus on fruitful and highly profitable investment projects
To reduce investments in sectors where the State dominance is not required or where investments from
other economic sectors could be secured

Forms of investment:

Green field investment

Investment in existing companies
Investment in securities market
Entrusted investments

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Our outstanding
linked companies
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)
Founded in 1963, Vietcombank has always been a key player in Vietnam’s banking system, hav-
ing a high prestige for its services in wholesale banking, commercial banking, trade finance
and international payment, as well as for application of modern banking technologies.

Website: www.vietcombank.com.vn
Chartered capital (USD): 711,815,309
State capital (USD): 645,765,059
State shareholding (%): 90,72

Vietnam Dairy Products Joint Stock Company (Vinamilk)

Vinamilk has been a leading dairy company in Vietnam since its establishment in 1976.
Vinamilk’s products include: milk & powdered milk (major products); condensed milk, yoghurt,
ice-cream and cheese (value-added products).

Website: www.vinamilk.com.vn
Chartered capital (USD): 103,116,176.47
State capital (USD): 49,115,294.12
State shareholding (%): 47.63

Corporation for Financing and Promoting Technology (FPT)

Established in 1988, FPT is a multidisciplinary corporation, operating in four major business
areas, namely telecommunications & information technology; banking & finance; real estate
development; and education & training.

Website: www.fpt.com.vn
Chartered capital (USD): 35,413,011.76
State capital (USD): 3,915,247.06
State shareholding (%): 11.06

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 BAO MINH INSURANCE CORPORATION
Founded in 1994, Bao Minh’s business lines include insurance services, non-life re-insurance ser-
vices, and financial investments. The company specializes in consulting services and approxi-
mately 20 categories of commercial insurance products, covering risks exposure in aviation &
maritime industry, assets/properties, liabilities, human, vehicles and business activities nation-
wide.

Website: www.baominh.com.vn
Chartered capital (USD): 44,411,764.71
State capital (USD): 22,516,941.18
State shareholding (%): 50.70

VIETNAM NATIONAL REINSURANCE CORPORATION (VINARE)

Established in 1994, Vinare is the only reinsurance business in Vietnam.

Website: www.vinare.com.vn
Chartered capital (USD): 29,655,194.12
State capital (USD): 15,959,588.24
State shareholding (%): 53.82

VIETNAM CONSTRUCTION AND IMPORT-EXPORT JOINT STOCK COMPANY (VINACONEX)

Since its establishment in 1988, Vinaconex has been a leading construction business, operating
in various fields, mainly real estate, building & installation, investment consultancy, design and
plan survey, industrial production, building materials, export/import of equipment & materials
for building/construction and other industries.

Website: www.vinaconex.com.vn
Chartered capital (USD): 88,235,294.12
State capital (USD): 55,900,021.76
State shareholding (%): 63.35

VIETNAM INVESTMENT CONSTRUCTION AND TRADING JOINT STOCK CORPORATION

(CONSTREXIM HOLDINGS)
Established in 1982, Constrexim is one of the major construction companies of Vietnam, whose
main business lines are investment, building & installation, construction consultancy, export/
import of equipment and materials, industrial production & making of building materials.

Website: www.constrexim.com.vn
Chartered capital (USD): 11,941,176.47
State capital (USD): 6,998,066.83
State shareholding (%): 58.60

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VIETNAM ELECTRICITY CONSTRUCTION JOINT STOCK CORPORATION (VNECO)
Founded in 1988 with the initial business line of building & installing cable systems and trans-
former stations, VNECO has further diversified its business to include building & installing in-
dustrial & civil works, transport & irrigational works, telecommunications projects, airports and
seaports; designing and making metal/steel structures, mechanical products and zinc-plated
products; making and trading (including export/import) of materials, machinery, equipment
and technologies for the building/construction industry; testing and fine-tuning of electri-
cal equipment; consultancy in construction and investment; investing in and building power
plants; developing real estates together with building infrastructure of urban areas and indus-
trial parks.

Website: www.vneco.com.vn
Chartered capital (USD): 18,823,529.41
State capital (USD): 5,823,529.41
State shareholding (%): 30.94

HAU GIANG PHARMACEUTICAL JOINT STOCK COMPANY

Since its foundation in 1974, Hau Giang Pharmaceutical has been a leading company in the
pharmaceutical industry. The company specializes in making and trading pharmaceutical
products, natural herbs & teas, export/import of pharmaceutical products and materials and
medical equipment, etc.

Website: www.dhgpharma.com.vn
Chartered capital (USD): 11,764,705.88
State capital (USD): 5,258,823.53
State shareholding (%): 44.70

DOMESCO MEDICAL IMPORT-EXPORT JOINT STOCK CORPORATION

Established in 1989, Domesco specializes in making and trading (including export/import) of
medicines, materials & additives for medicines, chemical cosmetic products, processed food-
stuff, purified drinking water, mineral water, beverage made from herbs, non-alcoholic bever-
age, seafood & aquacultural products, veterinary medicines, and feeds for cattle - poultry &
aquaculture.

Website: www.domesco.com.vn
Chartered capital (USD): 8,058,823.53
State capital (USD): 2,794,500.00
State shareholding (%): 34.68

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 BINH MINH PLASTICS CORPORATION
Founded in 1977, Binh Minh Plastics Corp. has become one of the leading and prestigious plas-
tic businesses in Vietnam, specializing in making PVC & PEHD pipes, pipe parts & accessories,
pesticide sprayers, labor helmets, and other technical plastic products.

Website: www.binhminhplastic.com.vn
Chartered capital (USD): 6,304,705.88
State capital (USD): 2,997,857.65
State shareholding (%): 47.55

JETSTAR PACIFIC AIRLINES

Jetstar Pacific is a low cost airline in Vietnam which was transformed after a strategic invest-
ment by Qantas Airways.

Website: www.jetstar.com.vn
Chartered capital (USD): 38,106,892.35
State capital (USD): 28,877,910.14
State shareholding (%):75,78

VIETNAM ELECTRONICS AND INFORMATICS JOINT STOCK CORPORATION (VEIC)

VEIC’s busniess lines include manufacturing and trading electronic (for civil, industrial, medical,
telecommunications, environmental, security and military use) and IT products (equipment,
system solutions, software...).

Website: www.veic.com.vn
Chartered capital (USD): 25,764,705.88
State capital (USD): 22,664,558.82
State share holding (%): 97,96

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