The new model should give SCIC greater flexibility and efficiency in investment and capital management, while allowing it to operate according to market principles rather than being constrained by administrative management.
It is necessary to issue a decree on the foundation, management and use of the investment support fund to attract strategic investors and multinational corporations to Việt Nam, the National Assembly Standing Committee agreed at a meeting on Wednesday afternoon.
Viet Nam needs to effect changes and reforms to attract more foreign portfolio investment, Andy Ho, chief investment officer of investment fund VinaCapital, has said.