Outlook for the Development of Oil and Gas Industry in Vietnam

M. R. Tsibulnikova, V. A. Pham, T. Yu Aikina

Research output: Contribution to journalArticlepeer-review


Oil and gas industry makes a significant contribution to Gross Domestic Product of Vietnam. In 2015 it appeared to be in an intricate situation under the conditions of fall in oil prices caused by excess of supply over demand in the oil market. On the one hand, low prices for oil enable Vietnam as an importer to purchase more oil in the world market. On the other hand, the state company PetroVietnam loses a part of its customers in the domestic market. This tendency can lead to stagnation of the oil and gas industry in Vietnam under weak oil prices if the government does not take timely action.

Original languageEnglish
Article number012094
JournalIOP Conference Series: Earth and Environmental Science
Issue number1
Publication statusPublished - 11 Oct 2016

ASJC Scopus subject areas

  • Environmental Science(all)
  • Earth and Planetary Sciences(all)

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