SCIC’s 10-Month Profit Surges to Nearly VND 11,400 Billion: On Track to Become the Government’s Premier Investment Fund

SCIC is proactively advocating for the Ministry of Finance and the Government to issue a separate Decree, establishing a favorable legal framework for state capital investment and management in the upcoming period. This initiative also seeks to enable a transition to a Government Investment Fund (Sovereign Wealth Fund) operational model.

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According to the State Capital Investment Corporation (SCIC), as of October 2025, the corporation achieved an estimated revenue of VND 11,794 billion and post-tax profit of VND 11,367 billion, completing 98% and surpassing the annual plan by 23%, respectively.

By the end of 2025, total revenue is projected to reach VND 12,079 billion, with post-tax profit at VND 11,182 billion (after provisions), marking a 17% and 15% growth compared to 2024, respectively.

These results enable SCIC to substantially fulfill and exceed the targets set in the 2021–2025 Five-Year Plan by the Prime Minister. Notably, the state budget contribution is expected to surpass VND 40,000 billion, equivalent to 150% of the plan, with average ROA and ROE exceeding 13% annually.

In 2025, SCIC intensified its investment activities, disbursing VND 10,874 billion by October, focusing on key sectors with high economic impact.

This includes investing VND 7,770 billion in Vietnam Airlines’ additional share issuance, VND 1,500 billion in BIDV Bank’s private placement, and VND 1,000 billion to increase the charter capital of SCIC Investment Company, enhancing direct investment capabilities.

In the final months of the year, SCIC plans to allocate funds to critical infrastructure projects, including PPP transportation initiatives, BOT enterprises, and promising bank bonds and equities.

Over the 2021–2025 period, SCIC’s total investment reached approximately VND 19,000 billion, averaging nearly VND 4,000 billion annually, targeting high-impact sectors to drive economic value.

In addition to domestic investments, SCIC signed a cooperation agreement with Oman Investment Authority (OIA) in 2025 to establish the “New Era Vietnam Growth Fund” with a minimum capital of USD 200 million (VND 5,000 billion). A Memorandum of Understanding was also signed with ADQ (UAE) to foster bilateral investment opportunities in strategic sectors.

These partnerships focus on digital infrastructure, technology, mining, finance, equitization, and agriculture, targeting projects that attract private capital, promote sustainable development, and enhance Vietnam’s economic value.

These strategic collaborations enable SCIC to diversify resources, access international capital, engage with global partners, and adopt modern ESG-compliant fund management practices. This strengthens SCIC’s position as a professional national investor, aligning with leading sovereign wealth funds like Temasek (Singapore).

SCIC is actively proposing a dedicated decree to the Ministry of Finance and the Government to establish a favorable legal framework for state capital investment and management. This includes transitioning to a Sovereign Wealth Fund model, a modern, internationally integrated financial investment tool.

This model will enhance state capital investment efficiency, optimize national assets, reduce budget dependency, and improve global capital mobilization through partnerships with financial institutions and strategic funds.

By 2030, SCIC aims to become the Vietnamese Government’s professional financial investor.

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