-
 Talent
attraction and retention are among the most important priorities
set by the SCIC management. After six months of operation, the
SCIC has recruited 50 professional staff with intensive
experience in the field of finance and banking. The SCIC is
cooperating with a number of domestic and international partners
to develop training packages for staff using different funding
sources. In the upcoming period, the SCIC will need more
personnel, with estimates up to 300 professional staff by 2010.
To facilitate its operation, the SCIC plans to outsource high
quality services such as auditing, legal counseling and
information technology.
It is worth mentioning that the SCIC has a very strong team who
are not permanent staff but SCIC's representatives at managed
SOEs (most of whom are on the management board). The SCIC
management is considering setting up an international-standards
training center to serve the management team of our portfolio.
Last but not least, human resources policies covering
recruitment, compensation and benefits, and career development
will be developed soon in order to make the SCIC better and well
prepared in a competitive labor market.
Mr Le Song Lai, Deputy Director
State Capital Investment Corporation (SCIC)
-
As far as I know, the SCIC's vision is to become a strategic
investor and a professional financial consulting firm. It could
be challenging for the SCIC to pursue this vision, given its
structure (as a state enterprise) and the public-sector
compensation policies - which make the SCIC difficult to attract
talent from the private sector. Currently, most of the board
members are government officials (from ministries), which can't
be said to be an independent and professional management team.
Private investors are suspicious about what the difference would
be between the way SCIC and local authorities (and ministries)
to manage those SOEs.
Mr. Nguyen Hoang Hai, General Secretary
Vietnam Financial Investors Associations (VAFI)
-
Now the question is how the SCIC is going to behave and what
their investment policies will be. Temasek plays a big role in
developing national strategies and also tries to support the
SOEs (government-linked corporations) in Singapore. If the SCIC
is modeled after the Temasek, I would imagine, the Government of
Vietnam would expect the same thing to happen here in Vietnam.
The SCIC is probably the largest investment institution in
Vietnam. It is expected that it play an important role in the
world of investment institutions. The SCIC should contribute to
setting good governance standards and best practices and share
knowledge with the investor communities.
Mr. Dominic Scriven, Director
Dragon Capital Investment Fund
>> More...
|
