Vietnam's SCIC: a gradualist approach to sovereign wealth funds

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Title Vietnam's SCIC: a gradualist approach to sovereign wealth funds
Author Nguyen, Tom; Nguyen, Phuc Tran; Nguyen, Jeremy Duc Khanh
Journal Name Journal of the Asia Pacific Economy
Year Published 2012
Place of publication United Kingdom
Publisher Routledge
Abstract Vietnam's State Capital Investment Corporation (SCIC) was established in 2005, with the primary goal of helping the authorities to make, under market conditions, the most of state capital investments in business enterprises. To date, SCIC has had to grapple mainly with facilitating the ‘equitization’ (that is privatization) of large numbers of state-owned enterprises. As yet it is still too early to make a firm assessment of SCIC's performance with regard to either of the above objectives. Nevertheless, a discernable picture has begun to emerge, in which SCIC appears to have been a typical example of Vietnam's gradualist approach in transitioning to a more market-oriented economic system: the pace of change may have been slow and uneven, but there are clear indications of movements toward the end goal.
Peer Reviewed Yes
Published Yes
Alternative URI
Volume 17
Issue Number 2
Page from 268
Page to 283
ISSN 1354-7860
Date Accessioned 2012-07-18
Language en_US
Faculty Griffith Business School
Subject Economic Development and Growth; Financial Economics
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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