UNIVERSITY OF FOREIGN TRADE FACULTY OF ECONOMICS AND INTERNATIONAL BUSINESS
SPECIALIZED IN FOREIGN ECONOMIC RELATIONS
Topic:
GRADUATION THESIS
ECONOMIC GROUP MODEL – OPERATION OF
VIETNAM OIL AND GAS GROUP PERIOD 2006 - 2008 AND DEVELOPMENT TREND
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Instructor
Class student's full name: §ç ThÞ Thuy Hµ : Middle 2 : 44 E : MSc. Phan Th Þ Thu HiÒn |
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INDEX
Introduction 1
Chapter 1: Economic group model 4
I. Theoretical basis for forming and developing the economic group model. 4
1. Concept of economic groups 4
2. Objective necessity leads to the formation and development of economic groups 6
2.1. Laws of production relations appropriate to the nature and level of development of the productive forces 6
2.2. Law of accumulation and concentration of capital and products 6
2.3. Laws of competition, association and profit maximization 6
2.4. The law of science and technology develops continuously 7
2.5. Globalization trend 7
3. Classification of economic groups 8
3.1 Based on associate level 8
3.1.1. Close connection 8
3.1.2. Loose association 8
3.1.3. Mixed links 9
3.2 Based on the form of expression and name in practice 9
3.2.1. Cartel 9
3.2.2. Syndicate 9
3.2.3. Trust 9
3.2.4. Cosortium 10
3.2.5. Conglomerate 10
3.2.6. Concern 11
3.2.7. Transnational economic corporations 11
3.3. Based on link scope 11
3.3.1. Linking businesses in the same business line 11
3.3.2. Links between businesses in the same technology chain 12
4. Characteristics of economic groups 13
4.1. Economic groups with large scale in terms of capital, labor, revenue and scope of operations 13
4.2. Multi-industry and multi-sector business corporations 13
4.3. Corporations are diverse in organizational structure and ownership 14
4.4. A corporation is an organization without legal personality 14
5. Structural models of economic group linkages 15
5.1. Structural model of parent company and members with dependent and supporting relationships 15
5.2. Share model 17
6. Role of economic groups 17
6.1. Increase economic strength and competitiveness 17
6.2. Mobilize and use resources. 18
6.3. Is an important solution in technology transfer.. 18
6.4. Economic corporations are the main force in training and developing human resources. 19
6.5. Economic corporations promote research and application of science and technology 19
7. Advantages, limitations and trends in economic group development in the current period 20
7.1. Advantage 20
7.1.1. Specialization in production 20
7.1.2. Concentrate scarce resources, create conditions to dominate and expand the market 21
7.1.3. Increase competitiveness 21
7.1.4. Creating brands in production and consumption 21
7.1.5. The group's vertical and horizontal integration will reduce risks in market fluctuations and structural changes caused by 21
7.2. Limitation 22
7.2.1 Because of its large scale, it is not flexible to adapt quickly to economic fluctuations 22
7.2.2. Monopolies of corporations lead to the suppression of small businesses 22
7.3. Trend 22
7.3.1. Merger 22
7.3.2. Restructuring the corporation 23
Chapter 2: Operations of Vietnam Oil and Gas Group in the period 2006 - 2008 and development trends 24
I. The process of forming economic groups in Vietnam 24
1. The Party's views on forming and developing economic groups 24
2. The transition from the corporation model to the economic group model in Vietnam 25
3. Differences between economic groups and state corporations 28
II. Introduction to Vietnam National Oil and Gas Group 30
1. History of formation 30
2. The role of the Oil and Gas industry in socio-economic development 32
3. Basic characteristics of Vietnam's Oil and Gas industry 34
4. Organizational model of Vietnam National Oil and Gas Group 35
5. Basic changes of Vietnam Oil and Gas Group when moving from a Corporation model to a group model 39
5.1. Changes in organizational and operational situation 39
5.2. Progress brought about by the economic group model compared to the 40 corporation model
5.3. Difficulties in the transition process 42
III. Production and business activities of Vietnam Oil and Gas Group 44
1. Status of implementing the 5-year plan 2006 - 2010 44
1.1. Proposed plan 44
1.2. Status of implementing the 5-year plan 2006-2010 45
1.2.1. Advantages and disadvantages 45
1.2.2. Results of implementing key targets 2006-2008 47
IV. Evaluation of the operations of the Petroleum Group in its early years of establishment (2007 - 2008) 52
1. Achievements 52
1.1. The Group achieved the set targets and plans 52
1.2. The Group has a positive impact on the country's economy and society. 56 1.3. Science and technology 56
1.4. Human resource training 57
2. Some problems and causes 58
V. Development trends of Vietnam Oil and Gas Group 60
1. Planning goals in 2009 - 2010 of Vietnam Oil and Gas Group 60
1.1. Regarding oil and gas search and exploration 60
1.2. About oil and gas exploitation 60
1.3. Regarding the development of gas and electricity industries 61
1.4. Regarding gas and electricity processing industry 61
1.5. About oil and gas processing industry 62
1.6. Regarding development of oil and gas services 62
1.7. Strengthen the development of scientific and technological potential and staff training 62
2. Strategic development goals of Vietnam Oil and Gas Group until 2015 and orientation to 2025 62
2.1. Group's goals 62
2.2. Prospects for development of the oil and gas industry 63
Chapter 3: Experience in developing China's Economic Group and some recommendations to resolve problems related to Vietnam Economic Group 66
I. Experience in developing economic groups in China 66
1. China Economic Group 66
2. Specific formation and existence model 66
3. Characteristics of organizational structure 69
4. Characteristics of business operations and management 69
5. Assessing the role of Chinese corporations 71
6. Lessons learned for Vietnam 72
II. Recommendations to resolve problems related to Vietnam Economic Group 72
1. Recommendations to the government 72
1.1. Perfecting the legal environment for development corporations 72
1.2. Fully consider the necessity, conditions, and economic efficiency when deciding to establish an economic group 73
1.3. Clearly design the model and choose the path before establishing an economic group 74
1.4. Anti-monopoly in the establishment and management of economic groups 75
1.5. Establish a system of monitoring, checking and inspecting corporations... 75
2. Recommendations for Vietnam National Oil and Gas Group 76
2.1. Develop industry development strategy 76
2.2. Promote science and technology activities and technology transfer 77
2.3. Protecting environmental resources 77
2.4. Human resource development 78
2.5. Open doors for deep integration by attracting foreign investment and actively investing abroad 78
Conclusion 80
Reference list 82
LIST OF TABLES Oh
Figure 1: Structure model of parent company and members with dependent and supporting relationships 15
Chart 2: Share model 17
Figure 3: Organizational model of Vietnam National Oil and Gas Group 36
Figure 4: Revenue and budget payment of Vietnam Oil and Gas Group in the period 2000-2008 53
Figure 5: Exploitation and export of Vietnam National Oil and Gas Group 2000-2008 54
LIST OF TABLES
Table 1: Implementation results in 2006-2008 51
Table 2: Revenue and budget payment of Vietnam Oil and Gas Group 2000- 2008 53
Table 3: Exploitation and export of Vietnam National Oil and Gas Group 2000-2008 55