Friday, September 22, 2023
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

Vietnam and China are Disputing South China Sea

The long-lasting territorial border conflict over South China Sea between Vietnam and China is getting more and more intense

Doddy D. Wahyuwono by Doddy D. Wahyuwono
4 years ago
in Hot News

The territorial border conflict between China and Vietnam over South China Sea has been going on for decades. However, the conflict is getting fierce now as China is conducting a week-long naval exercise in the said-to-be sensitive area.

Currently, Beijing’s naval army is testing its newest warships and weapons in the Gulf of Tonkin. In response to the test, Vietnamese express disagreement on it.

A Hong Kong-based military expert, Song Zhongping, did not expect that Hanoi would be against it so badly.

“China and Vietnam reached a maritime delimitation agreement in 2000 to settle their disputes in the Gulf of Tonkin. So, Vietnam cannot point its finger at China now” he said.

RelatedArticle

Elon Musk Changed Twitter Name to X

Google Creates News Writing AI

OPEC’s Influence on Energy Price is Declining

Few Chinese Are Arrested in Libya for Illegal Crypto Mining

“These exercises – including the one held near the Paracel chain of islands – are meant to show that the People’s Liberation Army has the capacity to protect China’s economic interests in the Gulf of Tonkin and the whole of the South China Sea.” he added.

However, Vietnam’s reaction is not baseless. This is because the military exercise takes place despite the presence of Chinese survey ship near the energy-rich Vanguard Bank. Accordingly, Hanoi announces that the area belongs to its exclusive economy zone.

According to Britannica, the Gulf of Tonkin is northwest arm of South China Sea. It is a site of oil exploration. Furthermore, the area and its surrounding are rich in oil and gas.

Also read: About Hong Kong Protest, China Warns Protesters

Vietnam and China over the Territory

The dispute between China and Vietnam over territories in South China Sea is nothing novel. In the past, Vietnam dropped its oil exploration after China threatened military action if Hanoi did not do so.

For example, Vietnam had to cancel a US$ 200 million oil and gas development project with a Spanish company due to China’s pressure last year.

However, this time might be different. When a Chinese survey ship and some escort vessels began an oil exploration last month, Vietnam did not stand back. Vietnam demands China to leave its exclusive economic zone.

Rumors also said that the country is working on the development of more modern and skilled navy. This is to prepare and counter China’s advanced military and navy.

“In this complicated situation that poses many threats to the country’s defense and security, given the Navy’s role as the key defender of the country’s sovereignty, the Viet Nam People’s Navy must do more to build a strong, developed, skilled and modern naval force that can fulfill all assigned missions,” said Phạm Văn Vững, Vietnam’s commissar.

Also read: Palm Oil Trades Greatly Shifts to China Following the War

Tags: chinagulf of tonkinoilsouth china seavietnam
Doddy D. Wahyuwono

Doddy D. Wahyuwono

“No word matters. But man forgets reality and remembers words.” ― Roger Zelazny

Related Posts

Elon Musk Changed Twitter Name to X

by D. Atika
July 24, 2023

Elon Musk Has Declared A Complete Transformation Of Twitter. The plan is to abandon the blue bird that has long...

Read more

Google Creates News Writing AI

by D. Atika
July 21, 2023

It is known that Google is experimenting with artificial intelligence (AI) tools that can write news articles. Citing the remarks...

Read more

OPEC’s Influence on Energy Price is Declining

by D. Atika
July 9, 2023

The OPEC's (Organization of the Petroleum Exporting Countries) influence, the resource cartel of oil exporters, is declining. The Wall Street...

Read more

Few Chinese Are Arrested in Libya for Illegal Crypto Mining

by D. Atika
June 23, 2023

AFP reported on the 22nd (local time) that a number of Chinese people who traveled to Libya, North Africa, have...

Read more
Load More
Next Post

Indonesia to Celebrate Independence Day, Homework Follows

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • The Fed Maintains Key Interest Rate

    0 shares
    Share 0 Tweet 0
  • 5 K-Dramas to Watch for Some Money Lessons

    0 shares
    Share 0 Tweet 0
  • Projecting Investment with Alpha Approach Pt. 2

    0 shares
    Share 0 Tweet 0
  • The Pros and Cons Using Western Union

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In