VIETNAM OIL AND GAS INDUSTRY

The world oil and gas industry will continue to grow steadily in 2018, with demand growth expected to rise slightly to around xx.x million barrels a day while gas demand is expected to grow faster. Gas demand is predicted to grow at an average annual rate of 2.1% per year in the period 2018-2020. World oil supplies have increased by nearly 1.5 million barrels per day to about xx million barrels a day in the first quarter of 2018. The Middle East is the main global oil supplier, accounting for 34.5% of total production. Oil prices in the first quarter of 2018 continued to show positive growth of about xx.x USD/barrel, up 24% over last year. In 2016, global natural gas production reached 3,552 trillion cubic meters, up 0.6 percent from 2015 – the lowest growth since 2009 up to now. 

Vietnam oil and gas industry is still relatively young and has just begun to receive proper attention from the Government. Vietnam oil and gas industry is still putting the main export exploitation as the key role so it depends heavily on world oil price. The oil and gas industry includes many stages, not only explored and exploited, but also processed from crude oil into refined oil. As usual, the oil industry is divided into three types of activities known as the upstream, midstream, and downstream. 

In the first quarter of 2018, the oil and gas industry exploited nearly x.xx million tons of oil, down 8.57% over the same period. The natural gas output reached x,xxx m3, up 6.15% compared to the same period of 2017. According to preliminary data from the General Department of Customs, in the first quarter of 2018, crude oil exports reached x.xx million tons, export turnover reached x.xx billion USD, decreasing by 19.3% over the same period of 2016. Vietnam’s crude oil imports are estimated at xxx.x thousand tons with the value of about xx.x million USD, increasing by 14% in volume and 29.6% in value over the same period in 2017. In terms of gas, Vietnam exported $ xx.x million, up 1.97% but imports up to xxx.x million, up 39% against same period. 

In 2016, the group of oil and gas enterprises had negative growth in net sales compared to 2015. The reason is that the domestic oil and gas industry was strongly affected by the world oil and gas market; In particular, world oil prices fell sharply and remained low. In the coming time, cutting crude oil production by OPEC lead to the upward trend in crude oil prices. That will have a strong impact on the domestic petroleum market; in which, the oil and gas exploitation of Vietnam is evaluated to be stable again. 

Abbreviations
Executive summary
1. Business environment
1.1 Macroeconomic context
1.2 Legal barriers
1.3 Trade agreement impact
2. The petroleum industry in the world
2.1 Crude oil
2.2 Fuel gas
2.3 Situation of key nations in the industry
2.4 Major companies in the industry
3. The petroleum industry in Vietnam
3.1 Definition and classification
3.2 History of development
3.3 Industry value chain
3.4 The current situation
4. Risks
4.1 Risks
4.2 SWOT analysis
5. Prospect, planning and prediction
5.1 Planning
5.2 Prediction
6. Enterprise analysis
6.1 Enterprise introduction
6.2 Financial analysis
Financial Statements Appendix

PetroVietnam Drilling and Well Service Corporation
PetroVietnam Gas Joint Stock Corporation
Vietnam petroleum group.
Refinery company limited Paint
Petrovietnam Oil Corporation
Hai Vi One Member Company Limited HCM city
Vietnam Air Petrol Company Ltd
Dong Thap Petroleum Trading Import Export Company Limited

List of figures
Figure 1: Current – price GDP and per capita GDP, 2013-2017
Figure 2: GDP growth, 2011-Q2/2018
Figure 3: PVN’s contribution to GDP, 2008-2015
Figure 4: Crude oil revenue to state budget, 2008-2016
Figure 5: Crude oil revenue to state budget, 2008-2016
Figure 6: FDI contribution to import – export, 2017e
Figure 7: Most – imported goods, 2017
Figure 8: Export commodity structure, 2017
Figure 9: Vietnam’s main export markets, 2017
Figure 10: Top 10 countries with the largest oil reserves, 2016
Figure 11: Verified oil reserves, 2016
Figure 12: Global oil rig structure by region, 2017
Figure 13: Global drilling rig quantity, 2014-2017
Figure 14: The US’s drilling rig quantity, 2015-2017
Figure 15: World oil supply, 2016-2017e
Figure 16: Oil supply by region 2017e
Figure 17: OPEC countries’ crude oil output, 2013-2017
Figure 18: OPEC countries’ crude oil production structure, 2017-2017
Figure 19: Per capita oil consumption, 2016
Figure 20: World oil consumption, 2013-2016
Figure 21: Oil consumption by region, 2016
Figure 22: Top 10 oil consumers, 2016
Figure 23: Oil consumption by certain products 2006-2016
Figure 24: World oil trade, 2016
Figure 25: Oil trade, 2006-2016
Figure 26: Imported crude oil output structure, 2016
Figure 27: Imported crude oil output, 2012-2016
Figure 28: Global crude oil production structure by output, 2016
Figure 29: Exported crude oil output, 2012-2016
Figure 30: World crude oil prices from 1861-2017f
Figure 31: Top 10 countries with the largest natural gas reserves, 2016
Figure 32: Natural gas output 1970-2016
Figure 33: Natural gas production by area, 2016
Figure 34: Leading natural gas producers, 2016
Figure 35: Natural gas consumption, 2006-2016
Figure 36: Natural gas production by area, 2016
Figure 37: Per capita natural gas consumption, 2016
Figure 38: Top 10 largest natural gas consumers, 2016
Figure 39: Natural applications by sector, 2016
Figure 40: Gas pipelines by region, 2017
Figure 41: Natural gas exports, 2015-2016
Figure 42: The global gas trade, 2016
Figure 43: Top 10 oil & gas exporter via pipeline, 2016
Figure 44: Top 10 LNG exporters, 2016
Figure 45: Top 10 oil & gas importers via pipeline, 2016
Figure 46: Top 10 LNG importers, 2016
Figure 47: Global natural gas movements, 2012-2017
Figure 48: The US’s rude oil output, 2007-8T/2017
Figure 49: The US’s natural gas production, 2007-8T/2017
Figure 50: Petroleum-based product export, 2016-8T/2017
Figure 51: The US’s natural gas trade balance, 2016-8T/2017
Figure 52: China’s crude oil and crude oil product net import, 6/2016 – 8/2017
Figure 53: Top 10 largest natural gas producers in the world, in 2016
Figure 54: Top 10 largest oil producers in the world, in 2016
Figure 55: Mine quantity are exploited every each 5-year cycle, 1981 – 2015
Figure 56: Vietnam oil and gas reserves, 2010 – 2016
Figure 57: Vietnamese oil and gas exploitation enterprises, 2010-2016
Figure 58: Oil and gas laborer quantity, 2010-2016
Figure 59: Vietnam’s crude oil exploitation output, 2010-Q1/2018
Figure 60: Vietnam’s natural gas exploitation output, 2010-Q1/2018
Figure 61: Natural gas production by mine, 2007-8T/2017
Figure 62: Vietnam’s crude oil consumption, 2010-2017
Figure 63: Vietnam’s natural gas consumption, 2010-2017
Figure 64: Vietnam’s crude oil export, 2010-2017
Figure 65: Global crude oil export structure by output, 2017
Figure 66: Average crude oil export prices by market, 2017
Figure 67: Vietnam’s crude oil import, 2010 – 2017
Figure 68: Global crude oil import structure by output, 2017
Figure 69: Top 10 largest natural gas exporters, 2017e
Figure 70: Vietnam’s natural gas export, 2013-2017
Figure 71: Top 10 Vietnam’s largest natural gas importers, 2017e
Figure 72: Vietnam’s Natural Gas Exports , 2013 – Q1 / 2018
Figure 73: Vietnam’s natural gas import, 2010-2017
Figure 74: Top 10 largest natural gas importers, 2017e
Figure 75: Natural gas importer structure, 2017e
Figure 76: Petroleum management structure
Figure 77: Petroleum production by type, 2009-2017
Figure 78: Gasoline consumption, 2010-6T/2017e
Figure 79: Fuel demand structure, 2016
Figure 80: Per capita gasoline consumption in the region as of 8/2016
Figure 81: Petroleum production by type, 2010-2017
Figure 82: Gasoline export market structure, 2017
Figure 83: Petroleum import by type, 2010-2017
Figure 84: Import market structure by value, 2017
Figure 85: Domestic petrol price movement, 2015-2017
Figure 86: Average gasoline prices of key countries 2017
Figure 87: Tax charge on every petrol litre, 2017
Figure 88: Petroleum market structure 2017e
Figure 89: Petrolimex’s revenue by distribution channel, 2016
Figure 90: LPG production, 2009-2017
Figure 91: Domestic LPG suppliers
Figure 92: Gas production, refinement and distribution
Figure 93: LPG consumption, 2009 – 2016
Figure 94: LPG consumption structure, 2016
Figure 95: Import LPG, 2009-2017
Figure 96: LPG import market structure by value, 2017
Figure 97: LPG container capacity by region
Figure 98: LPG distribution channelS
Figure 99: LPG retail market, 2015
Figure 100: Product group structure by revenue, 2015
Figure 101: Polypropylene supply and demand in Vietnam, 2010-2016e/6T
Figure 102: Capital investment needs by region, 2016-2025
Figure 103: Capital investment needs by region, 2016-2035
Figure 104: Supply and demand balance, 2017-2018f
Figure 105: Global natural gas consumption, 2016-2040f
Figure 106: Increasing natural gas production by country, 2016-2040f
Figure 107: Vietnam’s oil supply-demand forecast, 2014-2025
Figure 108: Vietnam’s gas supply-demand forecast, 2014-2020
Figure 109: Vietnam’s petroleum industry structure
Figure 110: PVN’s revenue, 2010-2016
Figure 111: Petrolimex’s revenue, 2011-2016
Figure 112: Revenue growth, 2015-2016
Figure 113: Gross profit growth, 2015-2016
Figure 114: Gross profit margin 2016
Figure 115: Solvency capacity, 2016
Figure 116: Turnover ratio of receivables, 2016
Figure 117: Solvency capacity, 2016
Figure 118: Total asset turnover ratio, 2016
Figure 119: Fixed asset turnover coefficient, 2016
Figure 120: Gross profit margin 2015

List of tables
Table 1: Preferential import tariff applicable to chapter 97 according to vietnam’s list of imported goods
Table 2: Regulations on product codes and preferential import tariffs for certain product groups and items
Table 3: Classification, characteristics and use cases
Table 4: The export turnover of crude oil in some countries in 2017
Table 5: The import turnover of crude oil in some countries in 2017
Table 6: Methods of oil and gas exploration
Table 7: Means of crude oil transportation
Table 8: Gas pipelines
Table 9: Balance of supply and demand of gasoline market the average Vietnam from 2018 to 2022
Table 10: Gasoline price adjustments, 2017
Table 11: Scale of 5 leading petroleum trading units, 2017
Table 12: PVN mining plan 2018