Difficulties in Developing Petroleum Industry in Vietnam

Difficulties in Developing Petroleum Industry in Vietnam by Nguyen Duc Anh Tuan Introduction Nowadays, in the developing era with fast pace, those agricultural countries, particularly Vietnam, might not only focus on improving the agriculture but also pay attention to developing the industrial area. More specifically, Vietnam has been concentrating on how to develop the gas and oil industry recently. However, the country is still facing a lot of difficulties. This essay will discuss in depth about what are the problems and point out the potential causes for those challenges base on three questions: What are the reasons causing difficulties for the development? What are the effects of these problems for Viet Nam? What are possible solutions to resolve these problems? Definition of oil and gas According to the Vietnam Oil and Gas Law (1993) Oil and gas means crude oil, natural gas and hydrocarbons in gaseous, liquid or solid in its natural state except coal, shale, bitumen or other minerals can be extracted oil. Oil and gas activities is active exploration, development and mining of petroleum, including direct service activities for these activities. There are many oil and gas activities dividing into different areas. Situation of petroleum industry in Viet Nam The petroleum industry contributed most amount of foreign currency to serve the economy as electricity and gas, gasoline and clean energy. Recently, the National Oil and Gas Group Vietnam (PVN) has provided nearly 35 billion m3 of dry gas production, 40% of national electricity production, 35-40% urea demand and supply 70 % of LPG demand for industrial development and consumer welfare. Raw oil export has a strong growth and stability, greatly contributes to country exports, especially in earlier periods, averaging about 15%. Currently, this proportion has decreased and only at about 7.5. Although total exports are declining but oil and gas industry is still keeping the unit contribution at about 18-22% of total national GDP. (tapchitaichinh.vn, 2012) Causes and effects causing difficulties for the development First of all, it can be denied that there has been a lack of technology which put gas and oil industry of Vietnam under difficulty. After a long time being an agriculture focus country, Vietnam has decided to change and transform into an industrial country. Obviously, that decision may lead to the fact that the country might lack skills and technology to adapt to this industry. One of the main weaknesses of our country is that the government might not have enough capital to invest into developing and updating technologies. Prices of various types of equipment, supplies, fuel and services primarily are related to production and business activities which make investments more complicated. Vietnam oil and gas industry today is quite young with limited human resource capacity to supply so that it cannot meet demand. Our country mainly exports crude oil and imports refined oil to serve local demand. There are some refineries that went into operation as the Dung Quat oil refinery, Nghi Son refinery but only supply about 35% of domestic demand. Meanwhile, demand for petroleum products is increasing, not only in the short term but in the long term due to the population explosion and the continuous growth of the industry, especially the acceleration of the transport sector needs to do more According to OPEC, demand for petroleum fuels is increasing rapidly, especially in developing countries, and by 2025, the supply will not meet the demand. Moreover, increasing oil prices also have a tremendous impact on the development of this industry Those reasons above have led to human resource in gas and oil industry became more expensive. That led to the significant increase in the number of people who wish to work in the oil and gas sector. Many students said that they are studying the oil industry not only because of higher salaries, simply because of the fact that oil industry is considered to be the solutions for the future of the energy industry. However, Vietnam labor market is a serious imbalance between sectors and areas. We have abundant unskilled labor and a lot of labor who have shortage of Technical Skill. According to Mr. Hoang Nhat Thong (Office of the General Department of Sea and Islands), the economy in general marine, oil and gas industry in particular, is a severe manpower shortage will affect only the maritime economy and coastal contribute about 53-55% of the total GDP of the country in 2020. Urgent solutions Oil and gas industry is the field has to combine all of those technologies and sciences like astronomy, tides, marine sciences, construction and installation of offshore structures such as rigs, pipelines, tanks, drilling into the ground, the work of geology, geophysics, exploration of the stratigraphy†¦ Therefore, the application of science and technology in the oil and gas activities can ensure high efficiency, save natural resources, enhance oil recovery factor and other resources saving as well as protect ecological resources. Therefore we have to build human resources management system according to international standards, which include the application of information technology systems, mapping capabilities, the standard title, system evaluation, payment regulation, bonuses, rules and criteria for recruitment to appoint the head, proper planning and appropriate building standards, criteria representatives and representatives of Petro Vietnam stake in the oil and gas activities in the country and foreign pilot who runs accordance with the Law on Enterprises. For tax policy should define equality between domestic service with service by foreign companies perform as VAT, import duty, †¦ It should have clear policies and encourage oil and gas activities in the deep water offshore exploration and exploitation of natural gas tax policy should be adjusted based on the refinery and in the planning to compete with imported products, policies for gas and electricity prices should approach the market mechanism . Have appropriate policies related to arrange key capital projects through: Grant, loan guarantee and ensure currency converter to facilitate in arranging loans for major projects the state level, support preferential loans from the Development Bank minimum of 20% to 30% of total investment projects focus on oil and gas.(Pvcfc.vn, 2014) Evaluation Obviously, to develop gas and oil industry, it is important to fully invest in all areas however, all of those solutions have pros and cons themselves. All of the above mentioned solutions usually take long time and a lot of money to consider, improve and implement, especially investing in technologies and human resources. However, once those two are on set, they will have a great impact on this industry. Besides that, probably they do not take as much time as changing the country’s policy since it is much harder to change the whole country’s system. Finally, maybe gas and oil industry should go with technologies first since it is mandatory for such an industry. Regarding to human resources, we recently identified human resource as one of the most important factors to make decisions in production and business activities as well as drive force development of any society, particularly in the oil and gas industry it is also reflected in the work environment , in terms of general science, technology, international environment and different cultures. Conclusion Even though it is clear to say that gas and oil industry is still facing a lot of challenge if the government of Vietnam wants to develop this kind of industry more. In that case, they should consider about how to raise enough capital to invest in equipment, to cover potential loss and to recruit right people. However, it cannot be denied that this area of industry is very attractive for investor therefore Vietnam can also hope for big investment from foreign country to develop gas and oil industry. References: moj.gov.vn (1993), Luà ¡Ã‚ ºÃ‚ ­t dà ¡Ã‚ ºÃ‚ §u khà ­ năm 1993 (online). Available at http://www.moj.gov.vn/vbpq/Lists/Vn%20bn%20php%20lut/View_Detail.aspx?ItemID=10817 [Accessed 24 Dec 2014] Nang Luong Viet Nam (2014), Ngà  nh Dà ¡Ã‚ ºÃ‚ §u khà ­ Vià ¡Ã‚ »Ã¢â‚¬ ¡t Nam trÆ °Ãƒ ¡Ã‚ »Ã¢â‚¬ ºc thà ¡ch thà ¡Ã‚ »Ã‚ ©c an ninh năng lÆ °Ãƒ ¡Ã‚ »Ã‚ £ng quà ¡Ã‚ »Ã¢â‚¬Ëœc gia (online). Available at http://nangluongvietnam.vn/news/vn/dau-khi-viet-nam/nganh-dau-khi-viet-nam-truoc-thach-thuc-an-ninh-nang-luong-quoc-gia.html [Accessed 19 Dec 2014] Pvcfc.vn (2014), Chià ¡Ã‚ ºÃ‚ ¿n lÆ °Ãƒ ¡Ã‚ »Ã‚ £c phà ¡t trià ¡Ã‚ »Ã†â€™n ngà  nh Dà ¡Ã‚ ºÃ‚ §u khà ­ Ä‘Ã ¡Ã‚ ºÃ‚ ¿n năm 2020: Nhà ¡Ã‚ »Ã‚ ¯ng già ¡Ã‚ ºÃ‚ £i phà ¡p cÆ ¡ bà ¡Ã‚ ºÃ‚ £n (online). Available at http://www.pvcfc.com.vn/article-detail.aspx?id=41 [Accessed 18 Dec 2014] tapchitaichinh.vn (2012), Ngà  nh Dà ¡Ã‚ ºÃ‚ §u khà ­ Vià ¡Ã‚ »Ã¢â‚¬ ¡t Nam: Tià ¡Ã‚ »Ã‚ m năng là ¡Ã‚ »Ã¢â‚¬ ºn, tăng trÆ °Ãƒ ¡Ã‚ »Ã… ¸ng cao (online). Available at http://www.tapchitaichinh.vn/Chung-khoan/Nganh-Dau-khi-Viet-Nam-Tiem-nang-lon-tang-truong-cao/14143.tctc [Accessed 19 Dec 2014] tiasang.com.vn (2007), Khà ¡Ã‚ »Ã‚ §ng hoà ¡Ã‚ ºÃ‚ £ng năng lÆ °Ãƒ ¡Ã‚ »Ã‚ £ng là ¡Ã‚ ºÃ‚ §n thà ¡Ã‚ »Ã‚ © 3 [online]. Available at http://tiasang.com.vn/Default.aspx?tabid=62News=1648CategoryID=7 [Accessed 23 Dec 2014] tuyendungthuyenvien.com.vn (2014). Ngà  nh dà ¡Ã‚ ºÃ‚ §u khà ­ và   vià ¡Ã‚ »Ã¢â‚¬ ¡c tuyà ¡Ã‚ »Ã†â€™n dà ¡Ã‚ »Ã‚ ¥ng thuyà ¡Ã‚ »Ã‚ n vià ªn tà  u dà ¡Ã‚ ºÃ‚ §u (online). Available at http://www.tuyendungthuyenvien.com.vn/2014/10/nganh-dau-khi-va-viec-tuyen-dung-thuyen.html [Accessed 24 Dec 2014]

Applying the Background and Methodology of the Research Process

Jonathan HoffsuemmerA serious problem seen by nurse practitioners that work in rural areas is teen pregnancy. A peer-reviewed research paper published by The Journal for Nurse Practitioners entitled â€Å"Who Will Listen? Rural Teen Pregnancy Reflections.† There are both medical and social concerns that occur with teen pregnancy. Teen pregnancy statistic shows that teen mothers give birth to premature babies with low birth weight. The social aspect is teen mothers do not complete high school and lives in poverty. These situations rank high in abuse and neglect with teen parents.Definition of the ProblemRural areas show the highest rate of teen pregnancy compared to state rates, which produces a problem that researchers are questioning why this rate is higher in the rural areas. The Theory of Adolescent Sexual Decision Making (TASDM) is the basis this research was conducted to resolve. This theory has two main objectives that include the risk-promoting environments teens experi ence and exposure to risky situation that create the situations teens use to justify sexual behavior (Weiss, 2012).The problem with teen pregnancy produces premature birth and low birth weight in the babies. A medical problem with teen pregnancy is the medical expenses incurred with both teenager and infant. These statistics indicate that teen pregnancy result from family with no insurance and no means to pay the medical expenses teen pregnancy incurs. The social problem teen pregnancy presents are that teen mothers tend not finish high school. Teen pregnancy results in low income rates, the need for higher public assistance, poor educational, behavioral, and health problem in children.Study PurposeThe purpose of the study is to understand the decision-making of teens and why teen pregnancy is higher in the rural areas of the country. The TASDM theory indicates that environment promotes the situation of peer influences, substance use, and media influences (Weiss, 2012). The study wi ll focus on the thought process of teens as to why teens make the choice become sexually activity and risk the consequence of becoming pregnant.Research QuestionThe researchers are studying the question of why teen pregnancy is higher in rural areas. Teen pregnancy occurs because of the lack of prevention that teens do not use and why teens make these types of decisions. The essay directions were for students to indicating if the teens thought there was a teen pregnancy problem in the community (Weiss, 2012). The researchers’ directions were only one question to determine the thought processes of both male and female teens regarding teen pregnancy.HypothesisThe study does not state a hypothesis, but strives to understand why there is a higher rate of teen pregnancies in rural areas. The study will evaluate the difference between boys and girls views about teen pregnancy. The study only has one main focus, but the study derives different variables of the hypothesis. The study reviews the thoughts as to how teens perceive sex as good, bad, or ambivalent.Study VariablesThe two variables in the study are independent and dependent variables. The independent variables in the study are the essays that the students wrote defining their views about teen pregnancy in rural areas. The dependent variables are the reasons teen pregnancies occur, which include the idea of  whether sexual activity is good or bad. The study reviews the conception teens have of sexual activities, which studies the prevalence regarding beliefs, consequences to actions, and consequences to others (Weiss, 2012).Conceptual Model or Theoretical FrameworkThis study uses the theoretical framework for the study. The theoretical perspective of study analyzes the answers obtained from participates against the Theory of Adolescent Sexual Decision Making theories. These theories measure the decision-making teens use in determining the risk of teen pregnancy. The theoretical framework weights the consequences associated with the risks and how teenage boys and girls perceive teen pregnancy. These perceptions that teens are reporting in the study are weighted against the two ground theories of risk-promoting environments and risky sexual behavior. â€Å"Using constant comparative methods, the data were analyzed using the MAX Qualitative Data Analysis © software† (Weiss, 2012, p. 805).Review of LiteratureThe literature review of the article addresses the issues of low parental guidance as a significant factor to teen making risky behavior decisions. The fact that rural areas indicate that teens view there is nothing much to do is a contributing factor to teen pregnancy. The education regarding sexual behavior and prevention methods were noted to be lacking in the rural areas. This factor indicates that financial support to provide for after school programs contributes to the notation that there is nothing to do for teens. This is a contributing factor to the higher rat e of teen pregnancy in rural communities.Study DesignThe study design was conducted in Florida involving 125 10th grade students. These students consisted of both male and female from age 15 to 17. The students were from an English class and were asked to write an essay on if they thought teen pregnancy was a problem in their community. The teens  wrote the essay during an English class in high school. This study was conducted with the approval of the institutional review board, teacher, and administrator.

Life

Unique super shop is going to be launched as a partnership super shop business. The company owns and operates an industrial plant and is engaged on the business of making food products and is marketed through its own show room and agents all over Bangladesh.. Here we all will work as a group & contribute capital and management expertise to the business enterprise and perform Joint responsibility for the operation of the business and for its debts.Unique Super Shop's principal ctivities are to collect cow milk from dairy firm, manufacture it by value change through proper process and modern technology so that it can meet the existing demand of milk among consumers. We are going to launched our business in urban area where people can not get fresh food particularly milk. Day by day they are losing their health stratus by taking unhealthy food. Our aim is to provide fresh food (Milk) to them which will be collected from various rural firms.To serve its customer with highest level of sat isfaction the company always give emphasis on meeting latent emand of the customers by introducing new and innovative products in the market. This is first time in Bangladesh we are introducing a super shop where all types of milk product or food is available in a single platform. Business description General description of the venture: for making a profit, we are some friend launching Unique Super Shop so this is the general partnership business. Our business can be based on written contact and legal oral agreement.Where included name of the partner, Purpose of the partner duration of the business, how profit and loss will be istributed, salaries, absence contribution of each partner to the business etc. The Reasons of Choosing Partnership: – Ease of formation: A partnership is fairly easy to start. It is nearly as free from government regulation as a sole proprietorship. The cost of starting a partnership is low. It usually involves only a modest legal fee for drawing up a written agreement. Which in a highly desirable. An oral agreement is sufficient but not recommended.And that will be easy for us to establish our business. So we have chosen partner ship business. 2. More funds available: – In a sole proprietorship, the amount of capital is limited to the personal wealth. ; credit if the owner. In a partnership the amount of capital may increase significantly. A person with a good idea but little capital can look for a partner with the capital and lor credit standing to develop and market the idea. And we all have brilliant ideas with a little capital. So we have chosen partner ship business 3.Combined managerial Skills: – In a partnership, eople with different talents and skills may Join together. One partner may be good at marketing; the other may be expert at accounting ; financial matters. Combining these skills could provide a greater chance of success. So we have chosen partner ship business. 4. Tax Advantage: – It has som e potential tax advantages over a corporation. Ina partnership as in a sole proprietorship, the owners pay taxes on their business earnings. But the partnership as a business does not pay income tax. So we have chosen partner ship business.

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