VIETNAM OIL AND GAS INDUSTRY

In the first 3 months of 2019, the whole oil and gas industry witnessed a reduction in exploitation which was only equivalent to 89,7% of the same period of 2018. The gas production decreased by 2,4% in comparison with the same period of 2018. The petroleum volume of Q1/2019 increased by 73,2% compared to the same period of 2018 due to the return of Dung Quat Biofuel Plant and the entry of Nghi Son refinery.

According to the preliminary data from the General Department of Customs, petroleum exports increased by 66,8% in volume and 71,6 % in value compared to the same period of 2018. Whereas, cruel oil imports were estimated to rise 23 times in volume and 20 times in value compared to 2018. Meanwhile, petroleum imports declined dramatically, which went down to 45% in value and 41% in volume compared to 2018.

Regarding to gas, Vietnam’s gas imports in the first 3 months of 2019 reduced 3% compared to the previous year. Gas still remained at low price despite of high exploitation expense as well as limited supply. Besides, main mines declined its natural volume because of being exploited for a long time.

It is forecasted that in 2019, the exploitation will reach 22.06 million tons of oil and gas; 12.37 million tons of crude oil. Oil prices are expected to escape the crisis in 2018, oil and gas enterprises will be recovered and have positive changes.

In the coming time, the OPEC cutting down crude oil production will make crude oil price tend to increase, there will be many strong impacts on the domestic oil and gas market; meanwhile Vietnam’s oil and gas exploitation activities are assessed to have stability again.

Abbreviations
Executive summary
1. Business Environment
1.1 Macroeconomic context
1.2 Legal barriers
2. World petroleum industry
2.1 Crude oil
2.2 Gas
3. Vietnam petroleum industry
3.1 Definition and classification
3.2 Formation and development progress
3.3 Industrial value chain
3.4 Current situation
4. Industrial Planning
4.1 Industrial risk analysis
5. Enterprise analysis
5.1 Enterprise introduction
5.2 Financial analysis

Petrolimex
PV Gas
Binh Son Petrochemical Limited Company
PV Oil
PV Drilling

List of figures
Figure 1: GDP at current prices and GDP per capita, 2013 – 2018
Figure 2: Quarterly GDP Growth rate, 2016 – 2019
Figure 3: Contribution of PVN in national GDP, 2008 – 2017
Figure 4: Contribution of crude oil collection in State budget, 2008 – 2018(*)
Figure 5: World oil supply, 2016 – Q1/2019
Figure 6: Oil supply by regions, Q1/2019
Figure 7: OPEC crude oil production, 2013 – Q1/2019
Figure 8: OPEC crude oil production structure, Q1/2019
Figure 9: Oil consumption per capita, 2017
Figure 10: World oil demand, 2016 – 2019e
Figure 11: Oil consumption by regions, 2017
Figure 12: Top 10 oil consuming countries, 2017
Figure 13: Oil consumption by certain products, 2006-2016
Figure 14: Natural gas production in 1970 – 2017
Figure 15: Natural gas production structure by regions, 2017
Figure 16: Leading countries in natural gas production, 2017
Figure 17: Natural gas consumption, 2006 – 2017
Figure 18: Natural gas consumption structure by region in 2017
Figure 19: Natural gas consumption per capita in 2017
Figure 20: Top 10 largest natural gas consuming countries in the world, 2017
Figure 21: Vietnam crude oil consumption, 2010 – Q1/2019
Figure 22: Vietnam natural gas consumption, 2010 – Q1/2019
Figure 23: Natural gas consumption structure by purposes, 2018
Figure 24: Vietnam crude oil exports, 2010 – Q1/2019
Figure 25: Crude oil exporting structure by quantity, Q1/2019
Figure 26: Average crude oil exporting prices to some market, Q1/2019
Figure 27: Vietnam crude oil imports, 2010 – Q1/2019
Figure 28: Vietnam crude oil importing structure by quantity, 2018
Figure 29: Vietnam natural gas exports by countries Q1/2019
Figure 30: Vietnam natural gas exports, 2013 – Q1/2019
Figure 31: Top 10 largest natural gas exporting enterprises, Q1/2019
Figure 32: Top 10 largest natural gas importing enterprises, Q1/2019e
Figure 33: Vietnam natural gas imports, 2010 – 3T/2019
Figure 34: Top 10 largest natural gas importing enterprises, 3T/2019
Figure 35: Natural gas importing structure, 3Q/2019e
Figure 36: Fuel types production, 2009 – Q1/2019
Figure 37: Fuel types consumption, 2010 – 6T/2017e
Figure 38: Fuel demand structure, 2016
Figure 39: Fuel consumption per capita in the region by 8/2016
Figure 40: Petroleum of all kinds exports, 2010 – Q1/2019
Figure 41: Petroleum exporting structure by volume, Q1/2019
Figure 42: Petroleum of all kinds imports2010 – Q1/2019
Figure 43: Petroleum importing structure by volume, Q1/2019
Figure 44: Domestic gasoline price movements, 2015 – Q1/2019
Figure 45: Average gas price of some countries, March 2019
Figure 46: Tax on gasoline litre structure in 2016 – 2018
Figure 47: LPG Production, 2009 – Q1/2019
Figure 48: LPG Consumption, 2009 – 2017
Figure 49: LPG consumption structure, 2017
Figure 50: LPG Import, 2009 – Q1/2019
Figure 51: LPG importing structure by volume, Q1/2019
Figure 52: Industry group structure by revenue, 2016
Figure 53: Vietnam polypropylene production, 2010 – 2018
Figure 54: Investment capital demand by region, 2016 – 2025
Figure 55: Investment capital demand by region, 2026 – 2035
Figure 56: PVN Revenue, 2010 – 2018
Figure 57: Petrolimex Revenue, 2011 – 2018
Figure 58: Net revenue growth rate, 2017 – 2018
Figure 59: Enterprises debt solvency in 2018
Figure 60: Solvency of enterprises, 2017
Figure 61: Receivables turnover ratio, 2018
Figure 62: Total asset turnover ratio, 2018
Figure 63: Profit margin, 2018

List of tables
Table 1: PREFERENTIAL IMPORT TAX RATES APPLICABLE TO 97 CHAPTERS BY LIST OF VIETNAMESE IMPORT GOODS
Table 2: REGULATIONS ON GOODS CODES AND LEVELS OF IMPORT TAX RATES PRIORITIZED FOR A NUMBER OF GROUP OF ITEMS AND ITEMS
Table 3: Thermal power plants, 2018
Table 4: Number of adjusting times gasoline prices, 2018