(Đồ án hcmute) accounting process of book keeping and following up the accounts of payable section at pv gas south joint stock company

BỘ GIÁO DỤC VÀ ĐÀO TẠO
TRƯỜNG ĐẠI HỌC SƯ PHẠM KỸ THUẬT
THÀNH PHỐ HỒ CHÍ MINH

ĐỒ ÁN TỐT NGHIỆP
NGÀNH KẾ TOÁN

ACCOUNTING PROCESS OF
BOOK-KEEPING ANDFOLLOWING UP
THE ACCOUNTS OF PAYABLE
SECTION AT PV GAS SOUTH
JOINT-STOCKCOMPANY
GVHD: NGUYỄN THỊ HUYỀN TRÂM
SVTH :HOÀNG THANH TÙNG
MSSV: 14125092

SKL 0 0 5 1 2 9

Tp. Hồ Chí Minh, tháng 07 - 2018

Luan van


University of Technology and Education of HCM City
Faculty of high – quality

Dissertation
Topic :

ACCOUNTING PROCESS OF BOOK-KEEPING AND
FOLLOWING UP THE ACCOUNTS OF PAYABLE

SECTION AT PV GAS SOUTH JOINT-STOCK
COMPANY
SUPERVISOR : MRS. NGUYỄN THỊ HUYỀN TRÂM
STUDENT

: HOÀNG THANH TÙNG

MAJOR

:

ACCOUNTING

CLASS

:

14125CL

STUDENT ID

: 14125092

TP.HCM, July 3rd 2018

Luan van


PHỤ LỤC 3:

ệm vụ đồ án tốt nghiệp)
CỘNG HÒA XÃ HỘI CHỦ GHĨA VIỆT NAM
Độc l p – T do – Hạnh phúc
----***----

Tp. Hồ Chí Minh, ngày 03 tháng07 năm 2018

NHIỆM VỤ KHÓA LUẬN TỐT NGHIỆP
Họ và tên sinh viên: Hồng Thanh Tùng
Ngành: Kế tốn
Giảng viên hướng dẫn: Cơ Nguyễn Thị Huyền Trâm
gày nh n ề tài: 01/06/2018

MSSV: 14125092
Lớp: 14125CLC
ĐT: 0167 793 0018
Ngày nộp ề tài: 03/07/2018

1. Tên ề tài: Accounting process of book-keeping and
following up the Accounts of Payable section at PV Gas south
Joint-stock company
2. Các số liệu, tài liệu ban ầu: Thu th p từ công ty PV Gas
south – chi nhánh Đồng Nai.
3. Nội dung th c hiện ề tài: Quy trình ghi sổ và theo dõi xử
lý công nợ phải trả tại công ty cổ phần kinh doanh khí hóa
lỏng miền Nam, cách áp dụng thuế thu nh p giả ịnh và cấn
trừ công nợ 3 bên.
4. Sản phẩm: Khóa lu n tốt nghiệp
TRƯỞNG NGÀNH

GIẢ G VIÊ HƯỚNG DẪN

i

Luan van


PHỤ LỤC 4:

ậ xét của G áo v ê

ướ g d

)

CỘNG HOÀ XÃ HỘI CHỦ NGHĨA VIỆT NAM
Độc lập – Tự do – Hạnh Phúc

*******
PHIẾU NHẬN XÉT CỦA GIÁO VIÊN HƯỚNG DẪN
Họ và tên Sinh viên:
Hoàng Thanh Tùng
MSSV: 14125092
gành: Kế toán
Tên ề tài: Accounting process of book-keeping and following up the Accounts of Payable
section at PV Gas south Joint-stock company.
Họ và tên Giáo viên hướng dẫn:

Cô guyễn Thị Huyền Trâm

NHẬN XÉT
1. Về nội dung ề tài & khối lượng th c hiện:
..................................................................................................................................................
..................................................................................................................................................
..................................................................................................................................................
..................................................................................................................................................
2. Ưu iểm:
..................................................................................................................................................
..................................................................................................................................................
..................................................................................................................................................
3. Khuyết iểm:
..................................................................................................................................................
..................................................................................................................................................
..................................................................................................................................................
4. Đề nghị cho bảo vệ hay không?
..................................................................................................................................................
5. Đánh giá loại:
..................................................................................................................................................
6. Điểm:……………….(Bằng chữ: ....................................................................................... )
..................................................................................................................................................
Tp. Hồ C í
, gày
t á g
ăm 2018
Giáo viên hướng dẫn
Ký & g rõ ọ tê )
ii

Luan van

PHỤ LỤC 5:

ậ xét của G áo v ê

ệ )

CỘNG HOÀ XÃ HỘI CHỦ NGHĨA VIỆT NAM
Độc lập – Tự do – Hạnh Phúc

*******
PHIẾU NHẬN XÉT CỦA GIÁO VIÊN PHẢN BIỆN
Họ và tên Sinh viên:……..Hoàng Thanh Tùng .......................MSSV: 14125092
MSSV: ..................................
gành:………Kế toán .............................................................................................................
Tên ề tài: Accounting process of book-keeping and following up the Accounts of Payable
section at PV Gas south Joint-stock company.
Họ và tên Giáo viên phản biện:................................................................................................
..................................................................................................................................................
NHẬN XÉT
1. Về nội dung ề tài & khối lượng th c hiện:
..................................................................................................................................................
..................................................................................................................................................
..................................................................................................................................................
..................................................................................................................................................
2. Ưu iểm:
..................................................................................................................................................
..................................................................................................................................................
..................................................................................................................................................
3. Khuyết iểm:

..................................................................................................................................................
..................................................................................................................................................
..................................................................................................................................................
4. Đề nghị cho bảo vệ hay không?
..................................................................................................................................................
5. Đánh giá loại:
..................................................................................................................................................
6. Điểm:……………….(Bằng chữ: ....................................................................................... )
Tp. Hồ C í
, gày
t á g
ăm 2018
Giáo viên phản biện
Ký & g rõ ọ tê )

iii

Luan van


Thank you note
Overcoming the eight semesters I have been lucky to become a student of one of the
best university of Viet Nam which was University of Technology and Education of Hồ
Chí Minh city ( UTE ), this place was definitely the cradle where granted the wings and
opened the superb “ future “ door that not only making me feel confident about my
own knowledges but also leading me to the paradise on my future footpath. After
nearly four years I luckily have been trainned in the environment of the greatest
education equipments and the most high-qualified lecturers of UTE, I gatherd wide
range of necessary and valuable knowledges which was considered as my career
foundation in my mind. I sincerely express my gratitude to the Board of managers and

all the teachers of UTE, especially are the lectures of Falcuty of high quality training
for always teaching us the precious knowledges. More especial, I sincerely want to say
thank you Mrs. Nguyen Thi Huyen Tram for always follow up to guide me and largely
contribute to complete this dissertation.
With regarding to the internship period, I also want to

express my sincerely

gratitudes to the Board of the company and the accounting department of PV Gas
South – Dong Nai Branch. Based on the detailed guidances for each part of the job
with all of the enthusiasm that I received from the accountants, I could highten my
knowledges and awareness about the reality responsible which a professional
accountant have to resolve every business day. Parallel with it, this seems to be the
valuable time for me to re-system and apply my accounting knowledges in accordance
with not only Vietnamese accounting system. After the first days I had spent to follow
up and review the accouting standards and the circulars to thorough, I had the chances
to challenge myself at many accounting positions. So, to summarize the internship
period, I will sum up all the experiences and the knowledges relating to my
dissertation’s topic that I gathered during the internship program. I actually hope to

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receive the regards and sincerely comments from my lecturers to let me realize my
weakness and highten my accounting knowledges.
Last but not least, I would like to send my best wishes to both the Board, the
Lecturers of Technology and Education University and the Board of PV Gas South.
Best regards.

v

Luan van


Summarization of dissertation
In this dissertation, I would like to summarize all of the accounting process relating
to payable section that arising in PGS branch Dong Nai. Base on the content guidance
of faculty of high quality, I will separate this thesis into four chapters :
 Chapter I : Introduction of Petrovietnam southern gas joint-stock company – PV
gas south
 Chapter II : Case study
 Chapter III : The accounting process of payable accounts
 Chapter IV : Comments and proposals
In chapter one, we can obtain an overview about PV Gas South and the organizing
system of accounting process in Dong Nai branch. Next, in chapter two, I will present
the case study and basis of argument which I applied to complete this dissertation.
Thirdly, regarding to chapter three where I present all the transactions, entries to record
and its supporting documents as the example. And finally, chapter four is the area
where I put my comments about the accounting process in Dong Nai branch and
specially is my knowledges expendation. Because of the fact that in reality business,
PV gas south has some expenses relating to expatriates so this seems to be the reason
why I try to research about global income tax and the legal procedures to offset payable
accounts between three parties.

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Contents

Nhiệm vụ đồ án tốt nghiệp ........................................................................................................................ I
Trang phi u nhận xét của giáo viên hướng dẫn………………………………………………………....II
Trang phi u nhận xét của giáo viên phản biện………………………………………............................III
Thank you note………………………………………………………………………………………....IV
Summarization of dissertation ……………………………..…………………………………………..VI
Content………………………………………………………………………………………………...VII
List of acronyms………………………………………………………………..……………………….X
List of diagrams………………………………………………………………………………………..XI
List of references………………………..…………………………………………………………….XII
Introduction Chapter .................................................................................................................................1
1.1. Reason for choosing this topic .......................................................................................................1
1.2. Research objects .............................................................................................................................1
1.3. Research scope ...............................................................................................................................2
1.4. Research methodologies.................................................................................................................2
Chapter I : Introduction of Petrovietnam southern gas joint-stock company – PV gas south...................4
1.1. History and development process ..................................................................................................4
1.1.1. Basical information .................................................................................................................4
1.1.2. Establishment and development process .................................................................................5
1.2. Objectives and visions....................................................................................................................7
1.2.1. General objectives ...................................................................................................................7
1.2.2. Slogan of PV Gas south ..........................................................................................................8
1.3. Structure of PGS’s departments .....................................................................................................9
1.3.1. Structure diagram ....................................................................................................................9
1.3.2. The duties of each department ............................................................................................. 10
1.4. Accounting department ............................................................................................................... 12
1.4.1. Accounting department diagram .......................................................................................... 12
1.4.2. Accounting standards and accounting regulations ............................................................... 14

Chapter II : Theoretical basis of Account payable ................................................................................. 18
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2.1. Theoretical basis of Account payable ......................................................................................... 18
2.1.1. Definition ............................................................................................................................. 18
2.1.2. Principles of payable accounting.......................................................................................... 18
2.1.3. The mission of payable accountant ...................................................................................... 20
2.1.4. The role of payable accountant ............................................................................................ 21
2.1.5. Detailed principle of each payable accounts ........................................................................ 21
2.2. Overview about the arising payable accounts of the company ................................................... 22
2.2.1. Definition ............................................................................................................................. 22
2.2.2. Clarification.......................................................................................................................... 23
Chapter III : The accounting process of payable accounts..................................................................... 25
3.1. Describe the book-keeping process of a payable accountant ...................................................... 25
3.2. Account of supplier’s payable ..................................................................................................... 26
3.2.1. Original documents .................................................................................................................. 26
3.2.2. Account used ........................................................................................................................ 27
3.2.3. Transactions ......................................................................................................................... 28
3.3. Account of Tax and other payables to the state accounts............................................................ 32
3.3.1. Original documents .............................................................................................................. 33
3.3.2. Account used ........................................................................................................................ 33
3.3.3. Transactions ......................................................................................................................... 35
3.4. Payable account for labour .......................................................................................................... 37
3.4.1. Original documents .............................................................................................................. 37
3.4.2. Account used ........................................................................................................................ 38
3.4.3. Transactions ......................................................................................................................... 39
3.5. Accruals ...................................................................................................................................... 42

3.5.1. Original documents .............................................................................................................. 43
3.5.2. Account used ........................................................................................................................ 44
3.5.3. Transactions ......................................................................................................................... 44
3.6. Account of other payable ............................................................................................................ 46
3.6.1. Used accounts....................................................................................................................... 47
3.6.2. Transactions ......................................................................................................................... 47
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3.7. Loan and finance lease liabilities ................................................................................................ 49
3.7.1. Original documents .............................................................................................................. 50
Chapter IV : Comments and proposals .................................................................................................. 51
4.1. Overview : ................................................................................................................................... 51
4.2. Advantages .................................................................................................................................. 51
4.3. Disadvantageous and Proposals .................................................................................................. 52
4.4. Knowledge expandations ............................................................................................................ 53
4.4.1. Definition of hypothetical tax .............................................................................................. 54
4.4.2. Reality example of hypothetical tax ..................................................................................... 56
4.4.3. Offset payable account between three parties ...................................................................... 61
Conclusion ............................................................................................................................................. 66
Appendix ............................................................................................................................................... 70

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List of Acronyms

PGS
CIT
PIT
VAS
VAT
SI
HI
UI
Hypo-Tax

Petrovietnm Joint-stock company
Company imcome tax
Personal Income Tax
Vietnam Accounting System
Value Added Tax
Social Insurance
Healthcare Insurance
Unemployed Insurance
Hypothetical Tax

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List of diagram
Chart 1.1. The diagram of PGS’s trading quatity of LPG and CNG
Chart 1.2. The structure diagram of PV Gas South
Chart 1.3. Chart of PV Gas South internal infrastructure
Chart 2.1. Table of target summarise

Chart 4.1. The brief process of payable accounting
Picture 4.2. Performance of 331 account’s ledger
Picture 4.3. Detail booking entry for this transaction
Picture 4.4. The total of PIT that was presented on Payroll file
Picture 4.5. The detail of booking entry record lisencing tax
Picture 4.6. Performance of Payroll file
Picture 4.7. Payroll file of December 2017
Picture 4.8. An example of Debit Note ( Fee Note )
Picture 4.9. Breakdown of 3354 in a transaction
Picture 4.10. Bui Quyet Thang’s payable relating to his income

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References List
1. Bộ Tài Chính. 2014. Thơng tư 200/2014/TT-BTC.
2. Petrovietnam, Southern Gas. n.d. pgs.com.vn. />3.
4. />5. Giáo trình ACCA F2 Study text - BPP - version 2017-2018
6. Giáo trình ACCA F3 Study text - BPP - version 2017-2018
7. Ebook – thu
8. Giáo trình k tốn tài chính – Chương XI – PGS.TS Nghiem Van Loi
9. Công văn 12495/BTC-TCT 2014. />
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Introduction Chapter

1.1. Reason for choosing this topic
Nowadays, parallel with the speedy advancement of global economy, there are wide
range of enterprises were established each year. Obviously, to operate an enterprise, the
board of every company also need internal financial statement to manage and make the
decision for their company. This is the reason why accounting is very important for all
of company and payable accountant is also a very important position that significantly
support for management object. They are the staff who in charge of observing the debt
of suppliers, payment payable accounts include tax payable, government payable,
salary for employees, accruals… which give a significantly impact on cash plow of
every company.
Especially, as a producing and commercial company like PV Gas south, the
transactions relating to payable accounts arise frequently that require accountant
record, treat as right accounts and solving on time to avoid some tax’s penalties or
other compensation for suppliers. Moreover , payable accountant must follow up the
process of each invoice for each special transaction, collate and arrange in system. Last
but not least, payable accountant is the one who know which account should be pay
previously to avoid penalties or compensation and giving advise for the board to
control cash flow that assure for remainance business operation.
In summary, because of the benefit and important that I could aware about the
responsibles of payable accountant, I dicided to choose “ working process of a payable
accountant “ as my internship topic.

1.2. Research objects
- To research the reality responsible of a payable accountant in every financial month
at PV Gas south branch Dong Nai.
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- After experienced all the neccessary tasks of this position at company, I will gather
and issue some opinions and evaluations in this dissertation.
- By the way apply the learned knowledges in university and some reality experience
at PV gas south, I maybe explore some feasible solutions to improve effeciency of
accounting systems.
- The main researching object for this dissertation is PV Gas south company – branch
Dong Nai, payment process, supporting invoice, booking methods, reporting
documents… and others related financial information of PGS.

1.3. Research scope
Arising transaction in general and especially focusing on payable accounts relating to
Trade payable ( 331 ) , Tax and other payable to the state ( 333 ), Payable to employees
( 334 ), Accrued Expenses Payable ( 335 ), Other payables ( 338 ), Financial debt ( 341
)… However, because of my own limitation on knowledges, short internship period
and the confidential of company, the dissertation scope just concentrate on the arising
transactions on quarter 1 of this year 2018.

1.4. Research methodologies
As I’ve had chance to spend more than 3 months in internship program at company, I
have used not only simple but also complicate methods to complete this statement :
1. Reviewing methods : I spend a lot of internship time to read circulars and VAS

once again before I try to thorough all the previous working files to do the same.
2. Directly interact : with company’s accountants, financial statement, accounting

books, ledgers, invoices, banking documents… In the first days, I just focus on
following up and question senior to receive guidance.

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3. Directly practice : I luckily have the permission to book and resolve arising

transaction directly on accounting software. Following up the invoice process to
make payment summary file or other file relating to manage payable accounts.
4. Researching methods : Beside focusing on direct jobs, I spend great deal of time

to read and gather necessary knowledges from the internet or refer the previous
internship statement to get more experiences.

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Chapter I : Introduction of Petrovietnam southern gas
joint-stock company – PV gas south
1.1. History and development process
1.1.1. Basical information
+ Company’s name : Cơng ty cổ phần kinh doanh khí miền Nam
+ Company’s name ( in English ) : PETROVIETNAM SOUTHERN GAS
JOINT-STOCK COMPANY
+ Abbreviation of company’s name : PV Gas South
+ Headquarter : 4th floor, PetroVietNam Tower, number 1-5 Le Duan Street,
Ben Nghe Ward, District 1, HCM city.
+ Branch : Dong Nai
+ Phone number : ( 84.28 ). 3910 0108 – 3910 0324
+ Fax : (84.28). 3910 0097 – 3910 0325

+ Website : www.pgs.com.vn
+ Email : /
+ Charter Capital : 500.000.000.000 Việt Nam đồng
+ Stock-code : PGS
+ IPO date : Nov 15th , 2007 ( HNX )
+ Logo

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1.1.2. Establishment and development process
Initially, PetroVietNam Southern Gas Joint-stock company ( PV Gas south ) is
the Gas products trading enterprise belongs to Gas Producing and Trading
Company ( PV Gas ) which was established base on Decision No. 389/QĐHĐQT – March 28th, 2000 of Viet Nam Oil and Gas Corporation.
On April 24th 2006, VietNam Oil and Gas Corporation decided to established
PV Gas south company via decision No. 825/QĐ-DKVN base on the
foundation of the Gas products trading enterprise belongs to Gas Producing and
Trading Company ( PV Gas ) and Oil commercial company ( Petechim ).
On June 30th 2006, Dean of Industrial Ministry signed on the Decision
No.1696/QĐ-BCN about the equitization of PV Gas south. After that, on
December 20th 2006, Dean of Industrial ministry signed on the Decision
No.3734/QĐ-BCN to approve equitization strategy and convert PV Gas south
to become Joint-Stock company.
On July 23rd 2007, The board of PGS hold the first shareholders meeting for the
first fiscal year. After approved and completed all of the legal procedures, PV
Gas South Joint-stock company officially operated on July 25th 2007.
To implement the Resolution of the general meeting of shareholders, the board
of director has conducted step by step in accordance with the regulations to list

the shares on the Ha Noi Stock Exchange. Because of the consulting by
PetroVietnam Secutities Company, the Company has completed the prospectus
and legal documents to list its shares on the stock exchange.On November 15th
2007, this day is the first time the stock of company has listed officially on the
Ha Noi stock exchange (Initially Public Offering ) with the name code is PGS.
After more than 16 years period of operation whith the slogan is “ Safety –
Quality – Effectiveness “ and thanks to the significant effort of the board, PV
Gas south JSC became one of the best LPG trading company of Viet Nam.
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Moreover, brand name PETROVIETNAM GAS has been built up to be known
as the most reputation supplier in this field. Market scale of LPG trading has
been expanded day by day to overwhelm all over the South area of Viet Nam.
Nowadays, according to a statistic conducted by R&D department of PGS, the
quantity of LPG sold obtain volume of 250.000 tons per year, civil used are
160.000 tons per year in there that occupied excisely 65% in compared to total
output quantity of LPG.
In the year of 2009, PV Gas was the first company which launched the new
natural product line (CNG ) into the current market. After just 7 years oparate
on the market, quantity of CNG reach the highest figure what is higher than 100
mil per year. (Petrovietnam n.d.)

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Chart 1.1. The diagram of PGS’s trading quatity of LPG and CNG (Petrovietnam n.d.)

1.2. Objectives and visions
1.2.1. General objectives
+ Keep going to build up and develop PV Gas south become one of the most
professional LPG, CNG and LNG trading company which is the leading branch
not only in Viet Nam market but also overwhelming Indochina area.
+ In the period from 2015 to 2020, the board of company will try to push up the
trading quantity of LPG to reach 300.000 tons per year ( occupy 40% of South
market scale ), quantity of CNG reach 150.000 m3 per year ( occupy 60% of
CNG’s market in South area ) and profit after tax / chartered capital (PE) is
over 20% per year.
+ Try to re-construct , build up, operate, trade in synchronous, keep safe and
effective manner, optimize the advantages of each branch and market area.
Focusing on professional sales and building distribution network. Parallel with
it, company will encourage and promote the development of the Petro Viet
Nam Gas brand in the South’s LPG retail market with the important goal of
brand awareness obtain 75% up to 2020.
+ LPG trading : continue to strive to increase LPG production by 4-5% per
year.

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+ CNG/LNG trading : Ensuring the growth rate of over 7.2% per year,
occupying more than 60% of South’s CNG market, simultaneously developing
and expanding into Indochina market. In parallel, PV Gas south keep going to
try their best to research market, develop, import and distribute LNG gas in

Viet Nam market.
+ Manufacturing LPG cylinders : stable and safe operation of Viet Nam oil and
gas Plant with the current output quantity of 350.000 barrels per year and set a
target of 3% annual growth, promoting the production of LPG cylinders for
exporting to overseas. As the same period, the company try researching and
developing the composite cylinders and then release into the market when in
appropriate time.
+ Service activities : distributing the professional service relating to design
consultancy, materials, equipments, installation and selling technology of
LPG/CNG/LNG supplying systems, service of effectively exploit the storage,
filling stations and LPG cylinders. (Petrovietnam n.d.)

1.2.2. Slogan of PV Gas south
PetroVietNam southern gas joint stock company (PV Gas South ) is one of the
important members of Viet Nam oil and gas corporation which play an important
role in terms of gas distribution. Overcome many years of construction and growth
with so many hardships, Vietnamese people and enterprise through North and
South of the nation area also get familiar and pay a significant trust for this new
brand. Moreover, they also consider this as a prestige, safety, quality brand and
owning a high spread : “ PETROVIETNAM GAS “ – energy of valuable life.
Nowadays, PV gas south can be considered as a leader in gas trading field in Viet
Nam which can supply over 100 millions m3 of CNG per year, 250.000 tons of

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LPG / year, revenue of 5.000 billions VND per year, payable for government nearly
100 billions per year, solving the employment problem for thousands of worker.

In the near future, the board commit to develop the company follow the direction
of breakthrough, sustainable, expanding the market share of gas products ,
improving the quality of customer services, ensuring the safety, quality and
efficiency of products. To provide the positive benefits for the social, all for the “
green – clean – unpollute “ environment. PV gas south always respect and
appreciate all of the contribution of PV gas employee during the times they work
for PV gas. Depending on the devoted, high responsibility, enthusiasm,
perseverance, dignity and creativity of all the PV gas member has generated a firm
stand for not only the com pany but also the brand “ PETROVIETNAM GAS “.
(Petrovietnam n.d.)

1.3.

Structure of PGS’s departments

1.3.1. Structure diagram
During the development process, PV Gas south company have continually
improved their organizational structure, focusing on assigning tasks and
responsibilities clearly to highten the effective operation of company. All the
decisions to assign responsibility for each position were approved publicly by
the votes of shareholders to assure positive business result. (Petrovietnam n.d.)

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Chart 1.2. The structure diagram of PV Gas South (Petrovietnam n.d.)

1.3.2. The duties of each department

 Organizing and Administrative office :
Organization and Administration department undertake all the sessions
relating to internal administration activities and also take cover the
responsible of human resources as well. The main function of this
department are resolve the legal procedure or the requirements that
related to government such as : legal documents, legitimate working

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permit, optimizing the internal infrastructure, prepare important
contracts… (Petrovietnam n.d.)
 Financing and accounting department:
As similar as others company, the main function of this department are
to record all the transactions that arising during the business period and
to follow business results, provide financial information and supporting
for financing management of the board.
To gathering and making the financial statement at the end of each
period, taking care all the legitimate invoices to avoid non-deductable
expenses at the end of the fiscal year. Chief accountant plays an
important role in charge of separating jobs, evaluating the effective and
taking all the responsibilities that relating to financial figures and ratios
annual period. (Petrovietnam n.d.)
 Planning and Business department:
This department will undertake wide range the responsibilities such as
researching and developing the market scale, distributing cargoes,
managing the supply and value chain, planning the financial strategy for
the whole year to assure the existence of budget… (Petrovietnam n.d.)

 Technical and investment department :
Parallel with the function of investment, this part will follow the
operation of machine in the production chain. Beside that, the technician
will conduct the inspection to evaluate quality of each products line
before lauch into the market. Moreover, the decision of manufacturing
process will be decided by this, they will base on the business result of
trading products to make finalize decision of shall they keep going or
stop product that line. (Petrovietnam n.d.)
 Safety and environment department :
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