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
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. Prospect, planning and prediction
4.1 Planning
5. Enterprise analysis
5.1 Enterprise introduction
5.2 Financial analysis

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: Natural gas output 1970-2016
Figure 32: Natural gas production by area, 2016
Figure 33: Leading natural gas producers, 2016
Figure 34: Natural gas consumption, 2006-2016
Figure 35: Natural gas production by area, 2016
Figure 36: Per capita natural gas consumption, 2016
Figure 37: Top 10 largest natural gas consumers, 2016
Figure 38: Natural applications by sector, 2016
Figure 39: The global gas trade, 2016
Figure 40: Top 10 oil & gas exporter via pipeline, 2016
Figure 41: Top 10 LNG exporters, 2016
Figure 42: Top 10 oil & gas importers via pipeline, 2016
Figure 43: Top 10 LNG importers, 2016
Figure 44: Mine quantity are exploited every each 5-year cycle, 1981 – 2015
Figure 45: Vietnam oil and gas reserves, 2010 – 2016
Figure 46: Vietnamese oil and gas exploitation enterprises, 2010-2016
Figure 47: Oil and gas laborer quantity, 2010-2016
Figure 48: Vietnam’s crude oil exploitation output, 2010-Q1/2018
Figure 49: Vietnam’s natural gas exploitation output, 2010-Q1/2018
Figure 50: Natural gas production by mine, 2007-8T/2017
Figure 51: Vietnam’s crude oil consumption, 2010-2017
Figure 52: Vietnam’s natural gas consumption, 2010-2017
Figure 53: Vietnam’s crude oil export, 2010-2017
Figure 54: Global crude oil export structure by output, 2017
Figure 55: Average crude oil export prices by market, 2017
Figure 56: Vietnam’s crude oil import, 2010 – 2017
Figure 57: Global crude oil import structure by output, 2017
Figure 58: Top 10 largest natural gas exporters, 2017e
Figure 59: Vietnam’s natural gas export, 2013-2017
Figure 60: Top 10 Vietnam’s largest natural gas importers, 2017e
Figure 61: Vietnam’s natural gas import, 2010-2017
Figure 62: Top 10 largest natural gas importers, 2017e
Figure 63: Natural gas importer structure, 2017e
Figure 64: Petroleum management structure
Figure 65: Petroleum production by type, 2009-2017
Figure 66: Gasoline consumption, 2010-6T/2017e
Figure 67: Fuel demand structure, 2016
Figure 68: Per capita gasoline consumption in the region as of 8/2016
Figure 69: Petroleum production by type, 2010-2017
Figure 70: Gasoline export market structure, 2017
Figure 71: Petroleum import by type, 2010-2017
Figure 72: Import market structure by value, 2017
Figure 73: Domestic petrol price movement, 2015-2017
Figure 74: Gasoline price adjustments, 2017
Figure 75: Average gasoline prices of key countries 2017
Figure 76: Tax charge on every petrol litre, 2017
Figure 77: Petroleum market structure 2017e
Figure 78: LPG consumption, 2009 – 2016
Figure 79: LPG consumption structure, 2016
Figure 80: Import LPG, 2009-2017
Figure 81: LPG import market structure by value, 2017
Figure 82: LPG container capacity by region
Figure 83: LPG retail market, 2015
Figure 84: Product group structure by revenue, 2015
Figure 85: Polypropylene supply and demand in Vietnam, 2010-2016e/6T
Figure 86: Capital investment needs by region, 2016-2025
Figure 87: Capital investment needs by region, 2016-2035
Figure 88: PVN’s revenue, 2010-2016
Figure 89: Revenue growth, 2015-2016
Figure 90: Gross profit growth, 2015-2016
Figure 91: Gross profit margin 2016
Figure 92: Solvency capacity, 2016
Figure 93: Turnover ratio of receivables, 2016
Figure 94: Solvency capacity, 2016
Figure 95: Total asset turnover ratio, 2016
Figure 96: Fixed asset turnover coefficient, 2016
Figure 97: 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: Methods of oil and gas exploration
Table 5: Means of crude oil transportation
Table 6: Gas pipelines
Table 7: Balance of supply and demand of gasoline market the average Vietnam from 2018 to 2022
Table 8: Scale of 5 leading petroleum trading units, 2017