Italian insurance and finance group SACE announced on October 24 that it had signed an MoU with the State Capital Investment Corporation (SCIC).
The signing took place during a Vietnamese delegation‘s visit to Italy led by Nguyen Canh Toan, vice chairman of the Commission for Management of State Capital at Enterprises.
The objective is to boost Italian exports to Vietnam through insurance and financial solutions, such as the push strategy, which supports various strategic sectors.
It also includes the arrangement of matchmaking initiatives between Italian companies and Vietnamese counterparts to explore cooperation opportunities in Vietnam
The MoU seeks to enhance cooperation between SACE and SCIC, promoting trade relations and strengthening business ties between the two countries.
Particular attention will be given to facilitating exports and supporting the internationalisation of Italian enterprises, especially small- and medium-sized enterprises and companies operating in sectors of mutual interest to SCIC.
SACE is controlled directly by the Ministry of the Economy and Finance, specialised in supporting businesses and the national economy.
With a portfolio of insured operations and guaranteed investments amounting to €260 billion ($281.4 billion), the group supports around 50,000 companies, in Italy and approximately 200 countries worldwide.
State Capital Investment Corporation is working on its transition towards becoming the Vietnamese government’s strategic investment fund, aiming to support the state’s endeavour in promoting economic growth. VIR’s Van Nguyen spoke with the corporation’s general director, Nguyen Chi Thanh, about the ins and outs of the upcoming transformation.
State Capital Investment Corporation bought Vietnam Airlines (HSX: HVN) shares to hold at least 31.08 per cent of the charter capital to help the company overcome its difficulties amid the COVID-19 pandemic.
State Capital Investment Corporation (SCIC) will offload capital in 31 enterprises, including FPT Corporation, Tien Phong Plastic, and other companies on the stock exchange.