Vietnam

December 2004 | Risk Summary

The Chinese government has rejected a request from Vietnam to cancel plans to drill for oil in the South China Sea, claiming that the proposed site is in Chinese territorial waters. Vietnam, which claims sovereignty over the area, also known as the Tonkin Gulf, has said that China's act has 'seriously violated Vietnam's national jurisdiction'. The Spratly Islands, which are thought to be rich in oil, gas and minerals, are claimed by China, Vietnam and Taiwan, while portions of the area are also claimed by Malaysia, Brunei, and the Philippines. Disputes over the region have in the past led to

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