Friday, 7 September 2018

Territorial disputes: South China Sea (Part 5) [Post 120]

South China Sea and Vietnam
 
Because Vietnam has a 2,000-mile coastline facing the East Sea (South China Sea) and 50 percent of its population lives along the coast, the government sees maritime as its greatest security threat. In 2016, approximately $1.6 billion was earmarked for maritime defense capabilities, but this is expected to increase to $2 billion by 2020. The Vietnamese Navy and Air Force had very little capacity to protect Vietnam’s maritime interests, but over the past decade both services have undergone some modernization.
In March, following pressure from China, Vietnam ended a partnership with Repsol to drill for oil at Vanguard Bank in the South China Sea. The project would have involved exploration within an area claimed by China. However, Vietnam is still planning to move ahead with ExxonMobil's lease for the Blue Whale Gas Field, a 150 billion-cubic-meter find 50 nm off Vietnam's central coast. Exxon announced the official start of the project last October.
By failing to show up as Vietnam was coerced into a corner, Washington ultimately failed to live up to supporting the values that it claims to hold with regard to the future of the regional security architecture in Asia. The next time Chinese decision-makers seek to authorize the coercion of a Southeast Asian claimant state in the South China Sea, they’ll remember that.
Russia is Vietnam’s main arms supplier and the major platforms acquired from it since 2011 have served to upgrade Vietnam’s capability to conduct sea operations in the East Sea.
Russia and Vietnam are comprehensive strategic partners and that relationship has been incessantly growing based on mutual respect, equality and strategic benefits, he added.
The two nations have continued collaboration across the board and maintained close coordination in the international arena. This is particularly meaningful since the two sides share the same viewpoints in various fields.
Russia and Vietnam have also paid due attention to developing economic and trade relations through the implementation of the free trade agreement between the Eurasian Economic Union (EAEU) and Vietnam along with deals reached by their leaders.
 
People’s Army Newspaper (Vietnam) Link
The Maritime Executive Link
The Diplomat Link
 
Jorge Emilio Nunez
Twitter: @London1701
07th September 2018

 

 

 

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