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Tổng công ty Đầu tư và kinh doanh vốn nhà nướcState Capital Investment Corporation

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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

Mục lục

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

Content

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Message from ChairmanThe 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 NinhChairman

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Message from CEOThe 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 TaChief 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 visionTo become a strategic investor of the Government that is capable of generating maxi-mum value and sustainable returns on investments.

Our mission1. 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

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BOARD OF MANAGEMENT

Mr. Vu Van NinhMinister of Finance Chairman

Mr. Tran Van TaVice Chairman

Mr. Cao Viet SinhVice Minister of Planning &InvestmentMember

Dr. Tran Van TaChief Executive Officer

Mr. Do Huu HaoVice Minister of Industry and Trade Member

BOARD OF DIRECTORS

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Mr. Tran Van HieuVice Minister of Finance Member

Mr. Nguyen Quoc Huy Member

Mr. Hoang Nguyen Hoc Member

Mr. Hoang Nguyen Hoc Deputy General Director

Mr. Le Song Lai Deputy General Director

Organisational chart

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Advisory Panel(to be set up)

Sub-committees

Board ofManagement

Supervisor

Investment Dept. V (Projects Development)

Investment Dept. IV (Trade & Service)

Investment Dept. III (Industry & Agriculture)

Investment Dept. II (Energy, Construction &

Transportation)

Investment Dept. I (Finance & Banking)

Strategic Planning Dept.

Finance & Accounting Dept.

Risk Management Dept.

Legal Dept.

Board of Directors

Procurement O�ce

IT & Statistics Dept.

Human Resources Dept.

Executive O�ce

Party and Trade Union Dept.

Member companies

Southern Branch

Associated companies

Our operationsRepresenting state capital interests in enterprisesTaking over state shareholdings and exercising state ownership rights in companiesInvesting 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 companiesInvesting in financial markets

Providing financial consultancy with respect toCorporate restructuring Equitisation InvestmentBond issuance and underwriting

Raising capitalBorrowingIssuing bonds in international and domestic marketsManaging entrusted funds

International cooperation in capital investmentOrganising and participating in investment forums and conferences inside and outside VietnamNegotiating, executing and receiving foreign loans and ODA

Other auxiliary servicesProviding training programs to portfolio companiesConducting seminars and providing business information and investment opportunities to domestic and foreign investors

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Our strategySCIC’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 conditionsProper management Competent management and staff

Promoting international standards of corporate governance

High website quality

Excutive training seminarsPromoting

best practises of coporate governance

Linking strategic inv stors with enterprises

Setting up an internationally training center

Professional training

New investments

Divestment

Strategic investment recommendations

Policy Recommendations

Providing investment information

Investment coorperation

Restructuring and impruving e�ciency

Accessing capital markets

Assisting listing in domestic or overseas

Creating momentum for capital market

Transparent managerment

Applying advanced technology

Developing leadership skills

Professional sta�s

Creating national sustainable development

Investing in key sectors

Increasing competitiveness of enterprises and the whole economy

Maximizing corporate value

Sharing information

Sharing experience

Human capital supports

Flexible investment

Providing government consultant

Linking for domestic and foreign investors

Providing corporate consultant

Promoting capital markets

Applying advanced management procedures

Listing SCIC linked companies

E�ective information system

Applying advanced software

Talent selection and regular training

Assessing & renumerating leadersBased on their performance

Nurturing talents

Performance based renumeration

Creating strategic value, products, technology, market

Adding value to strategic shareholders

Reducing number, increasing quality

Investing in potential company

Restructuring ine�cient companies

Building strategic investor network

Applying best practises of cporate governance

Investing in strategic sectors in domestic or overseas markets

Active shareholder

Strategic investor of the Government

Professional �nancial consultant

Promoting best practices of corporate governance

Speci�cations

Speci�cationsSpec

i�ca

tions

Speci�cations

Actions

Actions

Actions

MissionsM

issi

ons M

issions

Missions

Act

ions

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Our investmentsUnderlying 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.vnChartered 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.vnChartered capital (USD): 103,116,176.47State capital (USD): 49,115,294.12State 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.vnChartered capital (USD): 35,413,011.76State 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.vnChartered capital (USD): 44,411,764.71State capital (USD): 22,516,941.18State shareholding (%): 50.70

VIETNAM NATIONAL REINSURANCE CORPORATION (VINARE)Established in 1994, Vinare is the only reinsurance business in Vietnam.

Website: www.vinare.com.vnChartered capital (USD): 29,655,194.12State capital (USD): 15,959,588.24State 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.vnChartered capital (USD): 88,235,294.12 State capital (USD): 55,900,021.76State 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.vnChartered 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.vnChartered capital (USD): 18,823,529.41State capital (USD): 5,823,529.41State shareholding (%): 30.94

HAU GIANG PHARMACEUTICAL JOINT STOCK COMPANYSince 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.vnChartered capital (USD): 11,764,705.88 State capital (USD): 5,258,823.53State shareholding (%): 44.70

DOMESCO MEDICAL IMPORT-EXPORT JOINT STOCK CORPORATIONEstablished 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.vnChartered capital (USD): 8,058,823.53State capital (USD): 2,794,500.00State shareholding (%): 34.68

BINH MINH PLASTICS CORPORATIONFounded 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.vnChartered capital (USD): 6,304,705.88State capital (USD): 2,997,857.65State shareholding (%): 47.55

JETSTAR PACIFIC AIRLINESJetstar Pacific is a low cost airline in Vietnam which was transformed after a strategic invest-ment by Qantas Airways. Website: www.jetstar.com.vnChartered capital (USD): 38,106,892.35State capital (USD): 28,877,910.14State 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.vnChartered capital (USD): 25,764,705.88State capital (USD): 22,664,558.82State share holding (%): 97,96

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