As the representative of state capital ownership in enterprises transferred from the Ho Chi Minh City People’s Committee, HFIC performs the function of managing, supervising, and optimizing public investment capital in accordance with the City’s socioeconomic development goals.

This is a distinctive function of HFIC, aiming to achieve three key objectives: (i) clearly separate the function of state management from that of representing state capital ownership; (ii) implement the equitization of enterprises and manage state capital post-equitization in compliance with regulations; and (iii) consolidate investment resources to develop the City’s urban infrastructure.

1.1. Separation of Management and Ownership Functions

HFIC is among the pioneering units implementing the policy of separating state management functions from ownership representation. Through transparent governance mechanisms, the Company ensures enterprises’ operational autonomy while maintaining supervision, performance assessment, and public disclosure of financial information in accordance with current regulations.

1.2. Enterprise Equitization and Post-Equitization Capital Management

HFIC has received the transfer of eight enterprises from the Ho Chi Minh City People’s Committee and successfully completed the equitization of six enterprises on schedule, ensuring transparency and strict compliance. The revalued enterprise value increased more than 2.5 times compared to the initial charter capital.

Following equitization, HFIC continues to act as a shareholder representing the State’s capital contribution and manages these investments in accordance with applicable regulations. The Company closely coordinates with relevant authorities in nominating capital representatives, monitoring business operations, and safeguarding State capital. As a result, all member enterprises have fulfilled their assigned objectives and maintained sound financial performance.

1.3. Pooling Capital for Urban Infrastructure Development

One of the key objectives of transferring these enterprises to HFIC is to consolidate the resources of the transferred enterprises with HFIC's financial resources and mobilization mechanisms, serving the investment needs for developing technical and social infrastructure and the City's important economic sectors.

The transfer of independent State-owned enterprises has contributed to enhancing HFIC's financial capacity, increasing the scale of its owner's equity. This facilitates the negotiation and mobilization of domestic and international resources for the City's infrastructure development.