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Wednesday, December 25, 2024

SCIC reports strong performance in 2024

The Saigon Times

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HCMC – The State Capital Investment Corporation (SCIC) achieved remarkable results in 2024, surpassing its targets with a pre-tax profit of VND11.14 trillion, exceeding its goal by an impressive 66%.

The corporation contributed nearly VND11.12 trillion to the state budget, outperforming its target by 67%.

SCIC successfully met five out of six key performance indicators for the 2021-2025 period, including revenue, profit, state budget contributions, return on equity (ROE), and return on assets (ROA).

Nearly 80% of SCIC’s profits were derived from dividends paid by companies within its portfolio. As a significant shareholder, SCIC has enhanced the strategic direction and operational performance of major companies like Vinamilk, FPT, Sabeco, Traphaco, and DHG, many of which reported strong results in 2024.

Beyond domestic achievements, SCIC has expanded its international footprint through strategic partnerships with major investment funds in the Gulf region and Russia. It also remains focused on significant investments in projects such as Vietnam Airlines and key infrastructure developments.

SCIC’s portfolio currently includes 110 companies, with total assets valued at over VND53.4 trillion, equivalent to approximately US$8 billion in market value.

Looking forward, SCIC plans to expand its investments in critical sectors as directed by the Government, targeting projects poised to drive Vietnam’s economic growth and development.

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