Publication:
Vietnam's Petroleum Sector : Technical Assistance for the Revision of the Existing Legal and Regulatory Framework

dc.contributor.author World Bank
dc.date.accessioned 2014-09-30T14:46:09Z
dc.date.available 2014-09-30T14:46:09Z
dc.date.issued 2003-12
dc.description.abstract The oil and gas potential of Vietnam's continental shelf remains relatively unexplored compared with that of its neighbors, including China, Indonesia, Malaysia, and Thailand. A number of factors affect the decision to undertake petroleum investments: geology, geography, geopolitics, and investment climate. Host governments cannot control the first three factors. However, they do control the investment climate, and the legal and contractual framework and the petroleum fiscal system are key factors to be considered in the competition among governments for access to investment capital. Despite intense efforts to attract international oil companies to explore the country's sedimentary basins, including incentive terms contained in a 1998 decision of the prime minister, drilling activity has remained modest in recent years. The government requested technical assistance from ESMAP for revision of its petroleum legal regime so that it might become a modern legal and regulatory framework for the petroleum sector and attract foreign investment to develop its hydrocarbon reserves. The project team evaluated and identified international best practice in the areas of petroleum regimes to develop its recommendations to Vietnam. They recommended strengthening of the legal, regulatory, and contractual framework based on three cornerstones: the Petroleum Law, the Regulations (or, as they are called in Vietnam, the Decrees), and a Model Contract based on production-sharing agreements. Recommendations were provided to the government of Vietnam in a series of meetings, workshops, and reports. en
dc.identifier http://documents.worldbank.org/curated/en/2003/12/3032246/vietnam-petroleum-sector-technical-assistance-revision-existing-legal-regulatory-framework
dc.identifier.uri http://hdl.handle.net/10986/20273
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.relation.ispartofseries Energy Sector Management Assistance Programme (ESMAP);no. 269/03 (December 2003)
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject AUTHORITY
dc.subject BARRELS OF OIL
dc.subject BARRELS PER DAY
dc.subject COMPETITIVE BIDDING
dc.subject COMPETITIVE BIDDING PROCESS
dc.subject CRUDE OIL
dc.subject CRUDE OIL EXPORTS
dc.subject CRUDE OIL RESERVES
dc.subject DECREE
dc.subject DECREES
dc.subject DOMESTIC ENERGY
dc.subject DOWNSTREAM GAS
dc.subject DOWNSTREAM GAS SECTOR
dc.subject DRILLING
dc.subject ECONOMIC CONDITIONS
dc.subject ELECTRICITY
dc.subject EXCESS CAPACITY
dc.subject FISCAL
dc.subject FISCAL INCENTIVES
dc.subject FOREIGN EXCHANGE
dc.subject FOREIGN INVESTMENT
dc.subject FOREIGN INVESTORS
dc.subject FUTURE ENERGY DEMAND
dc.subject GAS DEPARTMENT
dc.subject GAS DISTRIBUTION
dc.subject GAS EXPLORATION
dc.subject GAS INDUSTRY
dc.subject GAS MARKET
dc.subject GAS MARKETING
dc.subject GAS PIPELINES
dc.subject GAS PRICING
dc.subject GAS PRICING POLICY
dc.subject GAS PRODUCTION
dc.subject GAS RESERVES
dc.subject GAS RESOURCES
dc.subject GAS SUPPLIES
dc.subject GAS TRANSMISSION
dc.subject GAS UTILIZATION
dc.subject GOVERNMENT AGENCY
dc.subject GOVERNMENT POLICY
dc.subject HIGH OIL PRICES
dc.subject HYDROCARBONS
dc.subject INCOME
dc.subject INVESTMENT CAPITAL
dc.subject INVESTMENT CLIMATE
dc.subject LAND USE
dc.subject LEGAL FRAMEWORK
dc.subject LEGAL SYSTEM
dc.subject LEGISLATION
dc.subject LEGISLATIVE FRAMEWORK
dc.subject LEGISLATIVE PROVISIONS
dc.subject LEGISLATURE
dc.subject LOW OIL PRICES
dc.subject MINISTRY OF FINANCE
dc.subject NATIONAL OIL
dc.subject NATURAL GAS
dc.subject NATURAL GAS DEVELOPMENT
dc.subject NATURAL GAS PRODUCTION
dc.subject NATURAL GAS RESERVES
dc.subject OIL
dc.subject OIL AND GAS
dc.subject OIL AND GAS SECTOR
dc.subject OIL COMPANIES
dc.subject OIL COMPANY
dc.subject OIL EXPORTS
dc.subject OIL FIELDS
dc.subject OIL PRICES
dc.subject OIL PRODUCTION
dc.subject PETROLEUM
dc.subject PETROLEUM CONTRACTS
dc.subject PETROLEUM DEVELOPMENT
dc.subject PETROLEUM EXPLORATION
dc.subject PETROLEUM INDUSTRY
dc.subject PETROLEUM LAW
dc.subject PETROLEUM PRICES
dc.subject PETROLEUM RESOURCES
dc.subject PETROLEUM SECTOR
dc.subject PIPELINE
dc.subject POTENTIAL INVESTORS
dc.subject POWER GENERATION
dc.subject POWER PLANTS
dc.subject PRODUCERS
dc.subject REGULATORY FRAMEWORK
dc.subject REGULATORY REGIME
dc.subject REGULATORY REGIMES
dc.subject ROYALTY
dc.subject SOCIAL PROTECTION
dc.subject STATE PROPERTY
dc.subject TAX LAW
dc.subject TAX RATE
dc.subject TAXATION
dc.title Vietnam's Petroleum Sector : Technical Assistance for the Revision of the Existing Legal and Regulatory Framework en
dspace.entity.type Publication
okr.date.disclosure 2003-12-30
okr.doctype Publications & Research :: ESMAP Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2003/12/3032246/vietnam-petroleum-sector-technical-assistance-revision-existing-legal-regulatory-framework
okr.globalpractice Governance
okr.globalpractice Energy and Extractives
okr.identifier.externaldocumentum 000090341_20040311112612
okr.identifier.internaldocumentum 3032246
okr.identifier.report ESM269
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/03/11/000090341_20040311112612/Rendered/PDF/ESM2690PAPER0Vietnam0petroleum.pdf en
okr.region.administrative East Asia and Pacific
okr.region.country Viet Nam
okr.topic Energy :: Energy Demand
okr.topic Oil Refining and Gas Industry
okr.topic Environmental Economics and Policies
okr.topic Oil and Gas
okr.topic Governance :: National Governance
okr.unit Energy Sectr Mngmt Assist Progrm (ETWES)
okr.volume 1 of 1
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