The socialist republic of vietnam independence Freedom Happiness



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Chuyển đổi dữ liệu01.05.2023
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60 QD-TTg 340588

538

332

100

232

I

Submarine gas pipeline system

221

166

50

116

II

Onshore pipeline system and stations

75

49

15

34

III

CNG/LNG plant (small scale)

116

45

13

31

IV

Gas treatment plant

-

-

-

-

V

LNG storage unit at terminals

-

-

-

-

VI

LPG storage unit

126

73

22

51

C

SOUTHEAST REGION

6,124

3,787

1,137

2,651

I

Submarine gas pipeline system

1,686

1,307

392

915

II

Onshore pipeline system and stations

285

176

53

123

III

CNG/LNG plant (small scale)

-

-

-

-

IV

Gas treatment plant

946

523

157

366

V

LNG storage unit at terminals

2,872

1,652

496

1,156

VI

LPG storage unit

335

129

39

91

D

SOUTHWEST REGION

3,481

2,069

621

1,448

I

Submarine gas pipeline system

928

620

186

434

II

Onshore pipeline system and stations

308

201

60

141

III

CNG/LNG plant (small scale)

-

-

-

-

IV

Gas treatment plant

927

720

216

504

V

LNG storage unit at terminals

1,177

450

135

315

VI

LPG storage unit

140

77

23

54


TOTAL INVESTMENT DEMAND

10,570

6,473

1,943

4,531

- Total investment demand of the gas industry for the 2026 – 2035 period is nearly USD 8.5 billion (equivalent to about 190 thousand of billion of Vietnamese dongs), specifically comprised of the followings:
Unit: million USD

No.

PROJECT

Total investment outlay (price slippage taken into account)

Capital invested by state-funded enterprises

Total

State-owned equity

Loan fund

A

NORTHERN REGION

2,291

1,111

332

779

I

Submarine gas pipeline system

493

370

111

259

II

Onshore pipeline system and stations

101

60

18

42

III

CNG/LNG plant (small scale)

34

16

5

12

IV

Gas treatment plant

-

-

-

-

V

LNG storage unit at port terminals

1,553

594

178

416

B

CENTRAL REGION

2,832

1,545

463

1,081

I

Submarine gas pipeline system

699

524

157

367

II

Onshore pipeline system and stations

17

13

4

9

III

CNG/LNG plant (small scale)





IV

Gas treatment plant

485

364

109

255

V

LNG storage unit at port terminals

1,529

585

175

409

VI

LPG storage unit

102

59

18

42

C

SOUTHEAST REGION

2,210

1,454

436

1,018

I

Submarine gas pipeline system

1,581

1,186

356

830

II

Onshore pipeline system and stations

-

-

-

-

III

CNG/LNG plant (small scale)

-

-

-

-

IV

Gas treatment plant

-

-

-

-

V

LNG storage unit at port terminals

484

185

56

130

VI

LPG storage unit

146

83

25

58

D

SOUTHWEST REGION

1,151

457

137

320

I

Submarine gas pipeline system

-

-

-

-

II

Onshore gas pipeline system and stations

62

24

7

17

III

CNG/LNG plant (small scale)

-

-

-

-

IV

Gas treatment plant

-

-

-

-

V

LNG storage unit at port terminals

985

377

113

264

VI

LPG storage unit

105

57

17

40


TOTAL INVESTMENT DEMAND

8,485

4,566

1,370

3,196

6. Solutions
a) Management structure (including regulatory policies and models)
- Continue to study, revise and update legislative documents related to management of Vietnam's gas industry in commensurate with the current conditions of development of the domestic gas industry and international conventions.
- Carry out complete transformation of the model of management of Vietnam's gas industry which is oriented towards the free gas market for the post-2020 period, gradually move towards the objective in which the Government only administers operations of the gas industry by means of legislative document system, and market participants are granted autonomy to negotiate commercial agreements, gas sale, purchase, transportation and business contracts.
- Establish rational gas market price policies with assurance that interests of the Government, enterprises and consumers are all duly respected.
b) Investment
- Make public notice of the plan and portfolio of investment projects, encourage all domestic and foreign economic sectors’ involvement in investment in gas industry activities; establish investment incentive policies which are much favorable for investments in each type of project, geographical areas, especially for gas fields which are operated on a small scale, located at distant deep waters and contain high CO2 content at such basins as Red River, Phu Khanh, Ma Lay - Tho Chu, Tu Chinh - Vung May and Truong Sa - Hoang Sa.
- Raise the Government’s roles in investment in infrastructure facilities for gathering, transportation and treatment of gases which are deemed as the core strategy to encourage involvement of organizations or individuals in investment in development of the gas industry.
- Promote international cooperation of which cooperation with traditional partners or regions having favorable political systems, national gas and oil companies in the region or across the globe should prefer in order to attract investments in development of upstream projects.
- Establish and apply proper tax incentives with the aim of attracting foreign investments; issue policies to give preferential treatment to domestic and foreign investors in order for them to design and develop projects for cooperation in manufacturing LNG overseas, transmission and distribution of LNG in Vietnam, and to domestic investors in order for them to participate in LNG, CNG import and distribution, and clean fuel distribution projects, etc. for environmental protection purposes.
c) Finance and financing arrangement
- Intensify attraction of FDI funds and funds derived from other domestic economic sectors by diversifying forms of investment and strengthening investment promotion activities in order to attract interest from foreign investors.
- Diversify lending forms, including bank credit, export credit, Government’s concessional credit, domestic and international bond issuance and finance lease.
- Build good and mutually beneficial relationship with traditional commercial banks; expand cooperation with prestigious banks in the region and all over the globe; implement the Government's security for loans used for financing significant gas and oil projects.
d) Market
- Effectively carry out information and forecast activities serving as the orientational basis for formulation of plans and implementation of business operations in a due manner.
- Create a chain of supply – manufacturing – consumption stages in order to build a firm correlation between production input and output.
- Find integration opportunities to provide favorable conditions for enterprises to have proper solutions to increasing their competitiveness and effectiveness in their operations; encourage enterprises to extend cooperation, joint venture and affiliation with foreign partners to expand overseas markets.
dd) Science and technology
- Improve the database system concerning Vietnam's gas industry, regularly update and assess nationwide gas potential and reserves. Stimulate application of scientific and technological advances to exploration and extraction operations in order to ensure efficiency increase, save natural resources and elevate gas recovery factor, make best use of other resources and duly protect national natural resources. Conduct researches in and propose approaches to gathering, treatment and use of gas sources having high CO2 content, marginal and offshore gas fields distant from the shore. Set up the database concerning the gas industry of Vietnam and regional and worldwide countries.
- Establish unified policies on science and technology, align scientific research and training activities with practical conditions of business operations, update scientific and technological applications used in gas and oil operations, inspire organizations or individuals to take part in investment in piloting of new scientific and technological applications used for developing potential gas projects in Vietnam.
- Put more efforts on researching and developing software for modeling, simulation, optimization, risk analysis and management, investment effectiveness management, market analysis and forecast, etc., officially apply information technology applications and automation processes in all of the gas industry stages.
- Carry out researches in and apply technologies or solutions for deep processing, increase consumption value of gases and gas products in an effective manner, assess the possibility of extracting, gathering and importing coal bead methane (CBM), hydrate and shale gases, etc.
e) Human resource development
- Enhance training to raise qualification for current officers and employees working in the gas industry, and to provide additional personnel to work in stages in which there is a lack of personnel.
- Draw up the human resource strategy and plan; frequently review and assess human resource quality according to requirements concerning job titles.
g) Safety, environment and sustainable development
- Strictly observe legislative regulations on fire safety, prevention and control, safe working conditions and good industrial sanitation practices.
- Draw up, update, finalize and maintain, in a regular manner, the plan for emergency prevention, control and rescue, and response to gas well blowouts and other accidents or natural disasters.
- Implement necessary measures to maintain occupational health, safety and protect working environment for employees.
- Carry out dissemination of information and universalization of knowledge about, and training in, environmental safety and protection.
- Combine measures to protect environment in the gas industry with those in other operations within the same operational area.
- Enhance international cooperation to acquire new knowledge, experience and technologies in occupational safety, health and environment protection.
h) National defence and security
- Strengthen cooperation between stakeholders of gas industry projects and the Ministry of National Defense, the Ministry of Public Security and the Ministry of Foreign Affairs in order to actively and duly perform the task of protection of territorial waters and national sovereignty, assurance of security for upstream, midstream and downstream activities in the gas industry.
- Increase offshore gas production activities; form joint ventures and affiliation with trustworthy and competent partners across the globe in order to contribute to protecting sovereignty over national islands and territorial waters.
Article 2. Implementation
1. The Ministry of Industry and Trade
- Take charge of implementation of the general plan to develop Vietnam’s gas industry by 2025 with vision to 2035, and in the near future, focus on effective development of investment projects by 2025 as planned.
- Take charge of and collaborate with relevant ministries and sectoral authorities in reviewing legislative documents on gas and oil activities to request the Government to make any necessary revision and facilitate development of the gas industry of Vietnam.
- Take charge of and collaborate with relevant ministries and sectoral departments in establishing and requesting the Government to issue policies on gas prices which must be reasonable and ensure mutual benefits between the Government and enterprises, and between enterprises, to create a premise for more robust development of the gas industry of Vietnam.
2. Other ministries and sectoral authorities
Actualize tasks and measures relating to their assigned powers and functions.
3. People’s Committees of centrally-affiliated cities and/or provinces
People’s Committees of centrally-affiliated cities and/or provinces shall liaise with Ministries or regulatory authorities and enterprises to formulate the socio-economic development plan of each local jurisdiction in conjunction with development of infrastructure facilities of the gas industry in order to provide intersectoral support; save sites having the advantage of deepwater seaports and proper land reserves for the task of developing the gas industry.
4. Gas manufacturing and trading enterprises
Proactively formulate the plan and implement projects included in the plan as appropriate to each enterprise’s business operations.
Article 3. This Decision shall enter into force from the signature date.
Article 4. Ministers, Heads of Ministry-level agencies, Heads of Government bodies, Presidents of People’s Committees of centrally-affiliated cities and/or provinces, and relevant entities, shall be responsible for enforcing this Decision./.


THE PRIME MINISTER
Nguyen Xuan Phuc


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This translation is made by THƯ VIỆN PHÁP LUẬT, Ho Chi Minh City, Vietnam and for reference purposes only. Its copyright is owned by THƯ VIỆN PHÁP LUẬT and protected under Clause 2, Article 14 of the Law on Intellectual Property.Your comments are always welcomed
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