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Oil And Oil Industry In Vietnam Case Study

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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:
1. What are the reasons causing difficulties for the development?
2. What are the effects of these problems for Viet Nam?
3. 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,
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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

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