| Author | Bui Thieu Son |
| Note | A project study submitted in partial fulfillment of the requirements for the
Degree of Master of Business Administration (Executive) in
International Business – Management of Technology (VN), School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | In 1986, Vietnam introduced the “Doi Moi” policy (Open up) and since then Vietnam has
been undergoing economic reforms from a central planning economic policy to a market
oriented economy. Along with the economic reform, our petroleum industry has been
opening up and developing fast. A number of Foreign Partners have come to Vietnam to
invest in the petroleum business. The presence of foreign investors has contributed to the
fast development of our petroleum industry which is the strong impetus for overall
economic development of Vietnam.
In practice, one way to carry out the business between PetroVietnam, the representative of
the host country, and the foreign investors is to establish a Joint Operating Company
(JOC) which acts as the agent of the Contractor Parties in conducting petroleum activities
in the assigned area in accordance with the decisions of the Management Committee.
Based on the agreement between the Parties, each Partner will assign a number of its staff
(secondees) to work in the JOC.
Since Cuu Long JOC was established by stakeholders from 4 different countries:
Vietnam, America, South Korea and Spain, conflict of interests is a common problem
because each Contractor Party will try their best to protect their interests. This research
will address some of the main issues that hinder the process of making decision and
directly affect the company’s operations. The outcome of the study together with the
recommendations maybe helpful to find the way to bridge the gap between the parties to
help CLJOC in enhancing its activities for the benefit of all the concerning parties. |
| Year | 2012 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Chairperson(s) | Winai Wongsurawat |
| Examination Committee(s) | Goel, Geetika;Islam, Nazrul |