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Section: Business News - The State Capital Investment Corporation (SCIC) says it is seeking approval from the Government for it to invest in power projects.
SCIC is proposing to work closely with Electricity of Vietnam (EVN) to invest in additional electricity supplies deemed vital to the country's economic development. Co-operation between the sovereign wealth fund and the national electric utility would be undertaken on the principle that the two public corporations would hold at least 51 per cent of the capital in any electricity projects developed with SCIC funding, ensuring State control of key projects.
SCIC general director Tran Van Ta said that, upon …