The senior management team at Constrained Hydrocarbons has brought down the choice of location for expansion to two countries - Australia or Vietnam. The CEO of the company has assigned you to provide a comprehensive country analysis of either one of these countries. You have to prepare report containing a detailed country analysis. Your analysis should focus on the external environment, i.e. political, economic, and social dimensions of the country with respect to the oil and gas industry. You are not required an internal assessment of the country you select.

What is your assessment on the legal, fiscal and regulatory environment in the country? Are these likely to change in the near future?