In April, both sides agreed to “strictly adhere to the consensus between ASEAN and China in implementing the DOC and promoting the achievement of a substantive and effective COC in accordance with international law and the 1982 United Nations Convention on the Law of the Sea”
More importantly, “the two sides pledged not to take any actions that may complicate the situation or expand disputes, and to work together to maintain stability at sea.”
After Xi’s visit to Vietnam, he himself wrote an article saying it is neccessary to “eliminate interference, create consensus and resolve disagreements, and turn the "South China Sea" (East Sea) into a sea of peace, friendship and cooperation”
You can also look at the locations of China’s 3,000 meter military runway (which is further in) that have been built since 2015, they line up with the red dot in the above map
Then compare with the location of Vietnam’s 3,000 meter military runway that have been built recently: Barque Canada Reef
This is actually closer to the Malay Peninsula, which is in reality the tail end of the First Island Chain.
It is targeting Borneo, the world third largest island.
The US is rattled at the potential that Vietnam helps breaking the first island chain through assisting intel report to China on the movement of US ships newsweek.com/us-air-force-f…
This is why “to defend the First Island Chain”, the US Navy has been monitoring Central Vietnam in its own military report
China’s “9 dash line” (left) or Vietnam’s maritime border (right) are basically just excuses to deny US Freedom of Navigation.
With China monitoring the North and Vietnam monitoring the South, guarding against all other ASEAN nations.
In addition to military build up, you can see more preparation in the way both countries are driving maritime trade closer to the mainland Indochina trade route and away from ASEAN traditional maritime trade
(Rumour has it that Vietnam might launch its satelitte system here and set up a military system to protect its trade security) x.com/wrenevans21720…
The plan has been in the works since 2015.
With new trade routes ignoring all ASEAN maritime countries, not only the Taiwan card will be of no use, but also these other countries must submit themselves for access under communist control
After @nytimes trying to fool people into thinking Trump own his golf club
The CIA run @Reuters is once again coming out pushing this propaganda for Trump, pretending that farm land in Vietnam can be bought & owned by capitalists
First, Trump International Vietnam is a subsidiary of Kinh Bac Urban Development Corporation (KBC) which holds 99% of the capital, indirectly owning 95.32% of the shares. The remaining 1% belongs to two Vietnamese women.
How did Vietnam ignore the mirage of “GDP” in developing countries and the underdevelopment trap that the West sold to them to loot their wealth faster?
Let’s talk about the rural transformation in Vietnam 🧵
Since 2010, several years after being admitted to the WTO in 2007, Vietnam have been pushing small-scale industrial clusters to countryside, nearby villages & rural settlements so agrarian people could go for industrial jobs without leaving their town
Vietnam wants to take the Comprehensive Strategic Partnership with Russia to a new level
Today's Vietnam-Russia relations have continued to inherit and continue the good, close, and close traditional friendship and cooperation of the former Vietnam-Soviet Union relationship.
On the occasion of the visit to Russia of General Secretary of the Communist Party of Vietnam To Lam and the high-ranking Vietnamese delegation, Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son gave an interview to the Russian press about Vietnam's foreign policy as well as Vietnam's vision in its relations with Russia.
- Vietnam is a resilient nation throughout its history of fighting for independence and defending sovereignty against foreign invaders in the 20th century. Please tell us what valuable historical lessons have shaped Vietnam's foreign policy in international relations today?
Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son: The great achievements in Vietnam's current struggle for independence, national reunification and renovation all have the mark and important contribution of foreign affairs. The valuable historical lessons of the past 80 years still hold true and continue to guide Vietnam's foreign affairs in the new era, the era of national growth.
The first is the lesson of ensuring the highest national interests. Foreign affairs always follow President Ho Chi Minh's words: "We must always serve the interests of the nation." Today, national interests continue to be the guiding principle for action, the most important basis for determining Vietnam's foreign policy and guidelines, on the basis of equality, cooperation, mutual benefit, in accordance with the United Nations Charter and international law.
The second is the lesson of combining national strength with the strength of the times. In the current period, diplomacy continues to play a pioneering role in mobilizing favorable external conditions and resources such as the trend of peace, cooperation and development, the achievements of the 4.0 Industrial Revolution and development trends such as digital transformation and green transformation to serve the country's development.
Third is the close combination of foreign affairs with national defense, security and other fields in planning and implementing foreign policy. In the current period, we identify that together with national defense and security and other fields, foreign affairs plays an important role in contributing to protecting the country early and from afar, firmly ensuring independence, sovereignty, and territory, creating a peaceful, stable, and favorable international situation, and taking advantage of resources and conditions to serve national development.
Fourth is the lesson of integration with the world, placing the country in the mainstream of the times; today is deep, comprehensive, and complete international integration, making international integration a driving force for development, becoming the cause of the entire political system and the entire people.
These valuable historical lessons continue to contribute to shaping Vietnam's foreign policy in the new era, in line with the international context, helping Vietnam continue to affirm and enhance its position in the international arena.
- The prolonged tensions between the US and China are posing challenges to security and stability in the Asia-Pacific region. Meanwhile, Vietnam is being assessed by the international community as one of the countries with a particularly important role in the regional security structure. Please tell us what are the principles and policy adjustments that help Vietnam maintain the balance between major power centers in the current complex context?
Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son: Vietnam's consistent and consistent foreign policy is independence, self-reliance, multilateralization, diversification of relations, being a friend, a reliable partner, a responsible member of the international community, proactively and actively integrating deeply and comprehensively into the international community. Vietnam's foreign policy principles and motto are to ensure the highest national interests on the basis of the United Nations Charter and international law; resolutely and persistently fight to firmly protect independence, sovereignty, unity, and territorial integrity, “respond to all changes with the unchanging” to maintain peace, stability, and restore the construction and protection of the Fatherland.
Vietnam implements a “four no’s” defense policy: not participating in military alliances; not allying with one country to fight another; not allowing foreign countries to set up military bases or use its territory to fight against another country; and not using force or threatening to use force in international relations.
On that basis, despite the current fluctuations in the international and regional environment, Vietnam has created an open foreign policy landscape with diplomatic relations with 194 countries, is an active member of more than 70 international multilateral organizations and forums, has built a network of strategic and comprehensive partnerships with 34 countries, has friendly relations, and has active and substantive cooperation with major countries, especially has strategic partnerships or higher with all non-permanent members of the Security Council. At the same time, Vietnam has increasingly made positive and responsible contributions to handling global issues and common concerns of the international and regional communities, promoting the central role of ASEAN in the regional structure.
On the 50th anniversary of the Liberation of the South & National Reunification, through the Vietnamese Embassy, Soviet veterans residing in Ukraine, who served as military experts in Vietnam during the war, had some reminiscences about a difficult but also very proud time. 🧵
1. More than 50 years have passed, but Soviet veterans still cannot forget the days when they fought side by side with the Vietnamese people in the liberation of the South and the reunification of the country. To recall a difficult but also proud part of his life, veteran Valeriy Petrovych Miroshnychenko could not help but be moved. As he told the story, he flipped through each souvenir photo of his time in Vietnam that he had kept as a treasure for decades. When telling this story, he felt like he was once again reliving the past.
He recalled: "Our group, the first group of Soviet military experts on the use of the ZSU-23-4 Shilka self-propelled anti-aircraft gun, consisting of 8 people, arrived by Aeroflot civilian flight on May 19, 1972 at the international airport in the capital Hanoi. The Commander of the Vietnam Air Defense - Air Force, Colonel Le Van Tri, personally welcomed us. Through this, the Vietnamese Command expressed its respect for our group as well as its hope for the success of the combat use of the new air defense system in Vietnam.
The Vietnamese comrades immediately warned us that staying in the international airport area was now very dangerous because the bombing and air strikes of the US Air Force on targets right in the airport were happening more frequently. Therefore, after a short traditional tea break, which, incidentally, was the first time we saw, drank green tea and also tasted the flavor of peanuts, we were taken by Soviet-made buses to the military hotel in Hanoi. The route bypassed the airport area and we had not gone far when the bus suddenly stopped and we were asked to get off and walk towards the rice fields.
The reason for the stop was quickly determined to be that from the rising sun a pair of American F-4C Phantoms appeared, flying close to us, carrying out several missile attacks and dropping bombs. The battle began. The ground shook, everything around us exploded, burned, and the airfield was engulfed in flames. As we continued our journey on the bus, the atmosphere became quiet. The Americans "tested" us in the first minutes after arriving in Vietnam and made us understand that we were about to enter a truly serious combat job.
Our group was housed in a mountainous province, not far from Hanoi, in an abandoned building that had once been a power station, with no windows or doors. Inside were wooden beds with mosquito nets. Next to the bed was the only “air conditioner” to help cope with the heat – a Kharkov table fan made in Ukraine.
Down in the valley there was a well with a cold shower. Around the building were antenna areas with tall poles. On two hills there were two bunkers left over from the French colonial period. They were very convenient for bomb shelters. Their concrete walls were more than 1.5m thick. At first, we were quite confident that these walls were impenetrable – until a bomb exploded right next to one of the bunkers, causing half the wall to collapse. Then it became clear: There was no protection from a direct hit.
When I told the veterans of other groups about these conditions, they said that their conditions were much more comfortable. There was a military airport near where we were stationed. Our anti-aircraft artillery and missile battalion was also located nearby. So we were often attacked by bombs and fire from aircraft.
Vietnam the largest market in Southeast Asia: Bybit cryptocurrency exchange owner 🧵
Dubai-headquartered Bybit, the world's second largest cryptocurrency exchange, said it is willing to assist Vietnam in building a legal framework for crypto-asset transactions
BenZhou, co-founder and CEO of Bybit Fintech Limited, made the statement at a meeting with Minister of Finance Nguyen Van Thang in Hanoi on Thursday.
Bybit is interested in learning about the crypto asset market in Vietnam and desires to cooperate with and invest in Vietnam, he said.
The government recently assigned the Ministry of Finance to coordinate with relevant agencies to study legal frameworks for crypto-asset transactions.
The ministry was also assigned to submit to the government a draft resolution on piloting a crypto-asset trading floor in Vietnam.
BenZhou said Bybit has experience in building anti-money laundering control systems and possesses tools to cooperate with many large organizations to track transactions for avoidance of illegal money transfers.
Therefore, it can support Vietnam in building a legal framework for crypto-asset transactions and a pilot exchange, he added.
BenZhou noted that Vietnam is the largest market in Southeast Asia and also an important market in terms of crypto-asset trading.
Vietnam has many blockchain technology developers, and investors in Vietnam are very willing to learn and apply blockchain technology very quickly. With such great potential, the country needs to build a legal framework for this market to operate stably, safely and transparently, he said.
In response, Minister Thang noted that the current number of investors participating in crypto-asset transactions in Vietnam ranks third globally, with a very large transaction value.
"If such transactions are underground and unofficial, they are easy to cause damage to investors, and the state cannot manage them, so there needs to be a legal framework for management to ensure the legitimate rights of investors," Thang noted.
"This model will help control risks and test the legal corridor so that businesses and investors can participate transparently and safely," the minister said.
He emphasized that implementing a pilot mechanism will help management agencies monitor and evaluate practices before issuing an official legal framework, so that crypto-asset transactions are widespread, transparent, and safe.
"This mechanism will also help to utilize resources from crypto-assets to develop the digital economy in Vietnam."
The minister added that the finance ministry highly appreciates Bybit's goodwill in proposing cooperation in training and building a risk control system, exchange operation procedures, and legal framework.