## State Capital Investment Corporation (SCIC) Announces Its Second Batch of Divestments for 2024, Including Several Listed Companies
The list for the second batch of 2024 includes 31 enterprises, many of which are already listed on stock exchanges, such as FPT Joint Stock Company (HOSE: FPT), NTP Plastic Joint Stock Company (HNX: NTP), Hanoi Mechanical and Mineral Company (HNX: HGM), Vietnam Consulting and Construction Corporation – JSC (UPCoM: VGV), An Giang Fisheries Import and Export Joint Stock Company (UPCoM: AGF), Saigon Equipment and Spare Parts Joint Stock Company (HOSE: SMA), Ben Tre Construction Materials Joint Stock Company (UPCoM: VXB), and Infrastructure Development and Construction Joint Stock Company (UPCoM: CID)
Within this list, SCIC recorded the largest contribution of capital in FPT, with over VND 635 billion (5.8% ratio), followed by NTP with nearly VND 481 billion (37.1% ratio) and VGV with over VND 312 billion (87.3% ratio)
Several unlisted enterprises also recorded significant capital contributions, including Transportation Infrastructure Development and Investment Import-Export Joint Stock Company (Tracimexco) with over VND 231 billion (97.4% ratio) and Thai Nguyen Industrial Infrastructure Development Joint Stock Company with over VND 139 billion (98.8% ratio)
Here is the list of 31 enterprises for SCIC’s second batch of divestments for 2024:
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List of Enterprises for SCIC’s Second Batch of Divestments in 2024
Unit: VND
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 Source: SCIC
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Previously, 27 enterprises were included in the first batch of divestments for 2024, also featuring several listed companies. SCIC successfully divested 30% of its capital in Vinacontrol Group Joint Stock Company (HNX: VNC) and 60% in Film Studio No. 1 Joint Stock Company – the producer of the highly successful 2024 Lunar New Year film “Dao, Pho, and Piano”
SCIC’s business operations are targeted to achieve a total revenue and income of VND 8,886 billion for the State Capital Investment Corporation (SCIC) in 2024, with a minimum after-tax profit of VND 6,511 billion, an ROE of 11.4%, and a contribution to the state budget of VND 6,673 billion. The company aims for a minimum disbursement of VND 6,550 billion, with no overdue payables and a debt payment capacity ratio greater than 1
On January 18, 2024, SCIC set specific consolidated targets for the period up to 2025, aiming for an average annual revenue of VND 9,500 billion, after-tax profit of VND 6,700 billion, VND 5,400 billion in state budget contributions, and an investment disbursement of VND 36,300 billion
The 5-year plan and development strategy serve as important legal bases, clearly outlining SCIC’s objectives, orientations, and solutions to enhance its capital investment and business activities, effectively fulfilling its role as the government’s investor
By Huy Khai
