Threat of new entrant Due to the nature of the oil and gas industry related to energy security of the

country, the Vietnam National Oil and Gas Group (PetroVietnam) has the exclusive rights in a series of activities related to oil and gas, mining, processing and exportoil and gas. Besides, the high demand for capital, expertise, knowledge, technology and the strict regulations of the Government are significant barriers limit the company you want to join the industry.High barriers to entry help PV Gas to ensure positive margins due to no direct competitors. Is member of the National Oil and Gas Group, PV Gas has the advantage of the exclusive right to collection and distribution of gas products from oil fields owned by the PVN and joint ventures. Currently, PV Gas operates three gas pipelines (White Tiger Nam Con Son and Maylay Tho Chu) with two gas processing plants (Dinh and NCS) and an importexport (Thi Vai - Ba Ria Vung Ship). PV Gas accounts for 100% of the dry gas market, gas supply for produce 45% of electricity, 30% of the fertilizers, 10% for the gas industry and meet 70% of domestic demand for LPG.

Do c th ca ngnh du kh lin quan n an ninh nng lng ca quc gia, Tp on du kh quc gia Vit Nam (PetroVietnam) c c quyn trong chui hot ng lin quan ti du kh, t khai thc, ch bin n xut khu du kh.Bn canh o, yu cu cao v vn, chuyn mn, kin thc, cng ngh cng nhng quy nh php l nghim ngt ca Chnh ph l nhng ro cn ng k hn ch cc cng ty mun gia nhp ngnh. Ro cn gia nhp cao gip PV Gas bo m t sut li nhun kh quan do khng c i th cnh tranh trc tip. L thnh vin ca Tp on Du kh quc gia, PV Gas c li th c quyn thu gom v phn phi cc sn phm kh t cc m du thuc s hu ca PVN v lin doanh. Hin nay, PV Gas ang vn hnh ba ng ng dn kh chnh (Bch H, Nam Cn Sn v Maylay Th Chu) vi hai nh my x l kh (Dinh C v Nam Cn Sn) v mt cng xut nhp khu (Th Vi tnh B Ra Vng Tu). PV Gas chim 100% th phn kh kh c nc, cung cp kh cho sn xut 45% sn lng in, 30% sn lng phn bn, 10% kh cho cc khu cng nghip v p ng 70% nhu cu LPG trong nc.

Threat of established rivals Gas industry is a branch of the oil and gas, and the location is very important for both the economy demand from the industrial sector (electricity, fertilizer, steel, materials, transportation, processingetc.) and consumer needs of the population (fuel). Currency, there are about 50 large LPG provider focused sales in major cities such as Hanoi, Hai Phong and the provinces of North Delta. LPG market today due to a number of large enterprises is PVGas , Petrolimex Gas, Dai Hai, Thang Long Gas, Total Gas, Shell Gas hold, which PVGas is one of the influential companies to the movement of the market. Of which, the market share in 2011 of PV Gas to LPG market accounting for over 70% Abundant cash is a dominance of PV Gas compared to other companies. In five years, the amount of cash of PV Gas has increased significantly from 1,908 billion in 2006 to 4277 billion at the end of 2010, accounting for about 12% of the total assets of PV Gas. Cash and the big cash equivalents not only improves solvency but also allows PV Gas to implement development projects easier, especially in the high capital costs due to tighter monetary policy. With large amounts of cash, PV Gas investment for new pipelines, thereby, improve the capacity and operational efficiency.

Lng tin mt di do l mt u th vt tri ca PV Gas so vi cc cng ty khc Trong 5 nm qua, lng tin mt ca PV Gas tng ng k t 1.908 t ng trong nm 2006 ln 4.277 t ng vo cui nm 2010, chim khong 12% tng ti sn ca PV Gas. Tin mt v cc khon tng ng tin ln khng ch gip nng cao kh nng thanh ton m cn cho php PV Gas thc hin cc d n pht trin d dng hn, c bit l trong tnh hnh chi ph vn cao do chnh sch tht cht tin t. Vi lng tin tin mt ln, PV Gas c th u t cho h thng ng ng mi, t , nng cao cng sut v hiu qu hot ng.