Ken Research releases its report on report Vietnam Personal Accident and Health Insurance Market Outlook

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Timetric’s ‘Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020’ report provides a detailed outlook by product category for the Vietnamese life insurance segment, and a comparison of the Vietnamese insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Vietnamese economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary:

Timetric’s ‘Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020’ report provides in-depth market analysis, information and insights into the Vietnamese personal accident and health insurance segment, including:

  • An overview of the Vietnamese personal accident and health insurance segment.
  • The Vietnamese personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Vietnamese economy and demographics.
  • A comparison of the Vietnamese personal accident and health insurance segment with its regional counterparts.
  • The various distribution channels in the Vietnamese personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Vietnam
  • Details of regulatory policy applicable to the Vietnamese insurance industry.

For more information on the research report, refer to Vietnam Personal Accident and Health Insurance Market

Digital Transformation Alliance debuted in Vietnam

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The Vietnam Digital Transformation Alliance was launched by the Vietnam Software & IT Services Association (VINASA) within the framework of the Vietnam ICT Summit 2019 in Hanoi on August 8.

The alliance comprises leading technological firms in Vietnam such as Viettel, FPT, CMC, VNG, and MobiFone.

It aims to call on large ICT enterprises, leading experts and institutes to shake hands with the Government, ministries, organizations and enterprises to speed up the progress of digital transformation in Vietnam. Vietnam News Agency reports.

Vietnam Digital Transformation Alliance makes debut (Source: VNA)

Addressing the event, Chairman of Viettel Le Dang Dung, who is also chairman of the alliance, stressed that the alliance comprises Vietnam’s biggest telecom and IT enterprises with a mission to inspire the society on digital transformation and forge infrastructure and service foundations for Vietnamese enterprises and society to go digital.

In the next phase, the alliance will invite competent enterprises to join.

Vietnam to import coal from U.S. for power generation

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Vietnam is considering importing coal from the United States to meet rising demand for the fuel for power generation, state media reported, as the Southeast Asian country plans to build more coal-fired power plants.

Vietnam is also seeking to import more U.S. goods to help narrow its trade surplus with the United States following threats by President Donald Trump to impose tariffs on its products amid the Sino-U.S. trade war. Khanh Vu reports Reuters.

Executives from state-run coal producer Vinacomin and Pennsylvania-based Xcoal Energy & Resources met last week in Hanoi to discuss the possibilities of shipping U.S. coal to Vietnam, reported state-run newspaper Dau Tu.

Vietnam has recently become a net coal importer, with most of its shipments coming from Australia and Indonesia.

Coal is expected to account for 42.6% of Vietnam’s power generating capacity by 2030, up from 38.1% currently, according to the Ministry of Industry and Trade.

Tuesday’s report provided no further details on the possible imports. It said Vinacomin, formally known as Vietnam National Coal-Mineral Industries Corp, annually produces about 40 million tonnes of coal from domestic mines.

The Ministry of Industry and Trade said last week that Vietnam will contend with severe power shortages from 2021 as electricity demand outpaces construction of new power plants, adding that it will have to import 680 million tonnes of coal to feed its power plants during the 2016-2030 period..

According to Reuters, in other moves to cut the trade surplus with the United States, Vietnam’s Binh Son Refining and Petrochemical said last month it will import 2 million to 3 million barrels of U.S. West Texas Intermediate (WTI) crude in the second half of this year for its Dung Quat refinery.

Vietnam’s trade surplus with the United States widened to $20.59 billion in the first half of this year, from $15.55 billion a year earlier, according to Vietnam’s customs data.

The Vietnamese government said in June its Ministry of Industry and Trade and the U.S. Department of Energy would soon sign a memorandum of understanding on imports of liquefied natural gas (LNG).

Vietnam does not have an LNG import terminal, but it is looking for partners to develop a liquid gas import business, also primarily for power generation.

Source: Reuters (Reporting by Khanh Vu; Editing by Tom Hogue)

Vietnamese tourist missing in UK: Eight arrested

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BBC – Eight people have been arrested in the search for a missing teenage Vietnamese tourist who disappeared three days ago.

Le Thi Dieu Linh, 15, who speaks no English, went missing from her tour group in York on Tuesday afternoon.

She was last seen with an Asian man on the city walls above Station Rise in the city at 16:40 BST on Tuesday.

North Yorkshire Police said it was “increasingly concerned” for her safety and believe she “could be anywhere in the country”.

The man she was last seen with is aged about 20 and was dressed in a dark top and a black baseball-style cap.

She was wearing a white Ariana Grande jacket and shorts and carrying a white rucksack.

Police said: “Following enquiries, eight people have been arrested in connection with her disappearance and remain in custody for questioning.

“Officers are growing increasingly concerned for Le Thi Dieu Linh’s safety and are appealing to the public for information as to her whereabouts.

“It is believed that she could be anywhere in the country.”

Follow Vietnam Insider on Facebook, Twitter and LinkedIn. Send your story ideas to editor@vietnaminsider.vn

Hanoi considers collecting inner city entrance fees

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Hanoians think the authorities’ plan to charge entrance fees on vehicles entering the inner city is a bad idea.

The capital city is drawing up a plan to implement the resolution on strengthening road transport vehicle management in order to ease traffic congestion and pollution in 2017-2020.

Few people have expressed support for the idea, while there are numerous city dwellers showing opposition to the plan.

Economists warned that the fee collection will make goods carried to the inner city more expensive.

Meanwhile, residents in Hanoi fear they will have to pay more for goods and services, while they are not sure if this really can help ease the traffic congestion.

They wonder how and where the fees would be collected.

“Will there be one fee collection station on every road? If the answer is ‘yes’, this will not be okay, because Hanoi will be jammed by the fee collection stations,” Vu Le Ha An, who lives in Dong Da district, commented on her Facebook.

Nguyen Huu Duc, a senior expert from JICA, also thinks that collecting fees won’t be easy.

None of the current laws allows municipal authorities to charge fees on vehicles entering the inner city. It will be necessary to amend the laws to make the plan legal.

After that, Hanoi will have to identify congestion points to collect fees. However, traffic jams don’t occur all day, but at certain moments. There are many roads that link to inner city.

Duc went said state management agencies are to be blamed on this. In Hanoi, there are small road sections on which tens of apartment buildings arise.

Khuong Kim Tao, former deputy chief of the National Traffic Safety Committee also thinks this is unfeasible, which may even make the capital city’s traffic become more chaotic.

If Hanoi applies the non-stop fee collection method, a problem will arise for vehicles from other provinces/cities, as the vehicles only enter the city occasionally.

Tao commented that the solution won’t help ease congestion. People will still have to go into inner city to reach their offices. If they don’t use private cars, they will take taxis or drive motorbikes.

He pointed out that traffic jams occur in all areas of the city, not only in central districts. Therefore, charging fees on vehicles which enter some areas in the inner city would be unfair, because only those who work in inner city areas will have to pay fees.

Source: VNN

3,000 tonnes of waste to be burned to create energy in Cần Thơ

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About 3,000 tonnes of waste, which is supposed to be buried at Cờ Đỏ District’s dumping sites in Cần Thơ City, will be burned to produce energy on a trial basis, according to local authorities.

The burning will be assisted by the EB Environmental Energy Limited Company, which is the investor of Cần Thơ waste-to-energy factory.

The company will pay expenses on waste treatment. Spending on waste transportation will be paid for by the city’s authorities.

Nguyễn Chí Kiên, deputy director of the city’s Department of Natural Resources and Environment told Vietnam News Agency the Cần Thơ waste-to-energy factory started its operations in December last year.

The waste burning activities of the factory does not release toxic elements and meets Vietnamese standards, according to sample testing results.

The city’s People’s Committee has assigned local Department of Natural Resources and Environment to closely follow the amount of ashes discharged from burning the waste.

Local authorities of Ninh Kiều, Cái Răng, Bình Thủy and Cờ Đỏ districts have been required to call on the public to classify waste at its sources.

Source: Dtinews

Apto Global expands to Vietnam

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World’s first global adaptation skills platform expands online applications and strategic consulting to six countries in Southeast Asia.

Apto Global, the world’s first global adaptation skills platform, has announced its expansion into Southeast Asia with a strategic partner, risconsulting, a learning organization that specializes in leadership development skills.

risconsulting will assist Apto Global in the expansion of its online applications and strategic consulting services to six countries in the region: Indonesia, Malaysia, Thailand, Myanmar, Cambodia, and Vietnam.

Apto Global also announced its latest customer acquisitions, including the International Language Program (ILP), which provides semester abroad experiences for college students, and XL Axiata, a mobile telecommunications service provider based in Indonesia.

Apto Global will provide ILP with a blended learning package for business English called BEPRO and provide custom services for XL Axiata to facilitate cross-cultural interaction among employees.

“We have seen a tremendous amount of traction in Southeast Asia with an increase in organic users since the launch of Apto 2.0 in February,” said Traci Snowden, Founder and CEO of Apto Global. “Forward-thinking organizations like ILP and XL Axiata are ready for real world global training solutions to prepare learners everywhere to adapt anywhere.”

Apto Global’s SaaS platform delivers language, culture, and global adaptation skills training through interactive live action video experiences with real life locals.

“Apto is the only solution to provide localized content to increase employee productivity in learning language and culture,” said Khrisna Ramadan, Founder of risconsulting. “We’re excited to bring this innovative solution to Southeast Asian companies in telecommunications, oil and gas, mining, and insurance.”

risconsulting is a learning organization offering consulting, assessment, and building of leadership character and skills. The company was founded in 2011 and partners with leaders in telecommunications, oil and gas, mining, insurance, and utilities.

Apto Global is the world’s first global adaptation skills platform. Learners in 135 countries and territories actively use Apto Global to prepare for travel, relocation, and interaction across the world. Apto Global is the only experiential learning platform that combines training for culture and language with local knowledge. The company partners with Nissan, Mitsubishi, Bridgestone, and Asurion, among others.

Source: Vneconomictimes

Short films about Hanoi to be screened on CNN

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Fifteen short films about Hanoi will be broadcasted on the US’s Cable News Network (CNN) to promote the Vietnamese capital.
The broadcasts are the result of a memorandum of understanding (MoU) on the city’s tourism promotion in 2019-2024 signed between the city and CNN in May this year.

The 60-second clips will feature reasons why Vietnam and Hanoi in particular has become more attractive to visitors, Hanoi’s natural beauty and local people, tourism and culture.

The film will be screened in Asia Pacific, South Asia, Europe, North America and the Middle East until October 21.

Hanoi and CNN previously engaged in a tourism promotion campaign worth USD2 million, from January 1, 2017 to December 31, 2018.

This campaign proved effective as it helped increase CNN viewers’ awareness of Hanoi by 86% in 2017, and 91% in 2018, according to BDRC Continental, one of the UK’s largest independent research consultancies.

2018 was a successful year for the capital city’s tourism sector with a record high 5.74 million foreign visitors, up 16% on-year.

Hanoi will host Vietnam’s first Formula 1 race next year and the 31st Southeast Asian Games (SEA Games) in 2021.

Source: Dtinews

Vietnamese productivity still falls short of regional counterparts

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Outdated technology and a low-skilled workforce is widening the productivity gap between its Southeast Asian peers and Vietnam.
A General Statistics Office (GSO) report released on Wednesday said that with Vietnam’s GDP growth of 7.08 percent, average labor productivity reached VND102.2 million ($4,520) per worker in 2018, up 6 percent year-on-year.

Despite this increase, the country’s productivity continues to lag behind many of its Southeast Asian neighbors, and the gap is widening, said GSO General Director Nguyen Bich Lam.

Based on purchasing power parity (PPP) at 2011 constant prices, the GSO estimated Vietnam’s overall labor productivity in 2018 was $11,142, 7.3 percent of Singapore, 19 percent of Malaysia, 37 percent of Thailand, 44.8 percent of Indonesia and 55.9 percent of the Philippines.

In Southeast Asia, Vietnam’s labor productivity is only higher than that of Cambodia which reached $6,963.

Outdated technology, lack of high-skilled workers and the huge gap between career education and market demand are to blame for the poor performance, Lam said.

“Vietnam’s economy will face huge challenges in the coming time to catch up with the labor productivity of neighboring countries,” he said.

The aging population will also affect labor productivity in the future, he added.

Vietnam reached a turning point in 2015 when it started to become one of the countries with the fastest aging populations in the world, said the Ministry of Labor, Invalids and Social Affairs.

The number of Vietnamese people over the age of 65 will rise from 6.3 million last year to a projected 18 million by 2040, accounting for more than 18 percent of the population and transforming Vietnam from a young society into an old one, the report quoted the United Nations as saying.

Officials have cautioned that the demographic changes will require Vietnam to optimize its human capital via skills training, improved education and technology transfer, as well as inclusive social protection, including pensions and universal basic healthcare.

Prime Minister Nguyen Xuan Phuc has also said that Vietnam cannot continue to rely on low-cost labor as it faces increasing competition from global integration.

Businesses need to offer skilled workers attractive wages and benefits since they lead the use of technology, he’d said.

With Vietnam climbing on the Industry 4.0 bandwagon, experts have warned that its low-skilled workforce would be threatened by technological advances like artificial intelligence.

Source: Vnexpress

Vietjet Air, Grab, Swift247 to launch express delivery service

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The teaming up of Vietjet Air, Grab, Swift247 allows goods to be delivered between Hanoi and HCMC in as little as five hours.
A strategic partnership agreement signed Wednesday by airline Vietjet Air, ride-hailing service provider Grab and tech-based courier Swift247 envisages joint development of an integrated digital platform that provides delivery solutions by ground and air in Southeast Asia.

The platform will include a ‘super-express’ delivery service that will leverage technology from Swift247 to connect shippers and customers, Grab’s driver fleet and Vietjet Air’s network.

The service would initially be an extension on GrabExpress, Grab’s courier service, and customers can track the movement of their parcels on Grab’s website as well as Swift247’s delivery app, Vietjet Air said.

The service has been tested for a month, and the partners look to fully integrate Swift247’s services into the Grab platform soon.

“Our partnership with Grab … [and] Swift247 will usher in changes to the local delivery market and meet the increasing demand for goods delivery services,” Vietjet president and CEO Nguyen Thi Phuong Thao said.

It is also another step towards Vietjet Air becoming a “consumer airline,” she added.

Vietjet Air operates more than 400 flights daily on 129 local and international routes including to Japan, Hong Kong, Singapore, and Korea.

Singapore-based Grab provides a wide range of services on its platform, such as transportation, food and goods delivery and e-payment, and operates in eight countries in Southeast Asia.

Swift247, established in February, is a Vietnam-based technology startup that provides express delivery and e-commerce services.

Source: Vnexpress

Vietravel’s shares will be listed on UPCoM

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Hanoi Stock Exchange has approved the registration of trading shares of the Vietnam Travel and Marketing Transport Joint-stock Company (Vietravel).

Vietravel will trade more than 12.6 million shares on the Unlisted Public Company Market (UPCoM), with par value of VND10,000 (43 US cents) per share.

In addition, Vietravel also transferred registration and depository data from unlisted mass market to UPCoM market on Vietnam Securities Depository system from August 7, 2019.

Vietravel currently operates domestic and international travel tours, labour export, vocational training classes, trade promotion and events.

The company is also implementing an online business growth project and carrying out charter flights for the business period in the last six months of 2019.

In the first half of this year, Vietravel’s net revenue is estimated at nearly VND3.98 trillion, a year-on-year increase of 6 per cent. The company’s pre-tax profit reached around VND30 billion, up 26 per cent compared to the same period last year and achieving 44 per cent of the year’s plan.

In 2019, the firm targets revenue of more than VND8.61 trillion and after-tax profit of VNĐ60.8 billion.

- VNS

24 happy hours in Vietnam’s Phu Quoc Island

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Vietnam’s Phu Quoc, a 222-square-mile island in the Gulf of Thailand, has welcomed rapid development and an ever-increasing list of direct flight connections.

Visitor numbers have grown in parallel, catapulting to an estimated 2.5 million in 2018 — a 25% jump compared with the year prior.

Most come for the beautiful beaches — such as Sao Beach, Long Beach and Ong Lang Beach — but there’s much more on this travel menu.

The flow of ivory is relentless from Africa to Vietnam

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Last few months, 3.5 tons of trafficked ivory was discovered in a shipping container at Vietnam’s northern port of Hai Phong.

In June, over 9 tons of ivory was seized in Da Nang, in the central part of the country. It is thought to be the largest seizure to date and as many as 1,000 elephants were slaughtered for this one shipment alone. Darunee Sukanan reports on Sustainability Times.

Then in July, ivory weighing more than 8.8 tons, which came from 300 slaughtered elephants, was discovered in Singapore on its way to Vietnam.

Related: 10 Tonnes of African Ivory found in Vietnam

Three cases of big ivory seizures all linked to just one country this year so far. Last year and the years before were no different. The overall volume of ivory from 2009 to 2018 that was known to have been smuggled into Vietnam stood at a staggering 56 tons.

That number excludes an additional 20 tons that was seized outside Vietnam but was destined for the Southeast Asian country. All together, that massive volume of 76 tons of ivory came nearly from 11,500 elephants.

Vietnam is the most important hub of the illegal global ivory trade. Even though selling elephant ivory is forbidden in the Southeastern Asian country, the black trade in tusks continues to thrive as a result of lax law enforcement in Vietnam where ivory is used in decorative objects and pieces of jewelry for status-obsessed buyers.

“Although retailers know that selling ivory is illegal, it does no deter them from offering it openly for sale in Vietnam,” says Sarah Ferguson, director of the anti-trafficking group TRAFFIC in Vietnam. “Regulatory and enforcement efforts must catch up to the markets, or the Vietnamese illegal ivory market will remain one of the largest in the world,” she adds.

According to Sustainability Times, most of the ivory on sale in Vietnam is from pachyderms in Africa where approximately 350,000 African elephants remain, yet their number is fast diminishing. Each year more than 20,000 of these iconic creatures are slaughtered for their tusks. The tusks are then smuggled into Asia, the world’s biggest ivory market, to meet demand from Vietnam and China, the two main destinations for the illicit merchandise.

Although, thanks to stepped-up conservation efforts, the rate of African elephants killed each year declined from more than 10% in 2011 to less than 4% in 2017, mortality from poaching is still posing a grave threat to the animals on the continent.

“We are seeing a downturn in poaching, which is obviously positive news, but it is still above what we think is sustainable so the elephant populations are declining,” says Dr. Colin Beale, a researcher from the University of York.

According to a study done by the University of York in the UK, the University of Freiburg in Germany and the Convention on International Trade in Endangered Species, the recent drop in elephant poaching is also related to lessened demand in ivory from China.

This is not because the popularity of ivory in the country has declined but because a slump in the economy across China has affected prospective buyers. A ban by the government on the sale of ivory, enacted at the end of 2017, has also had an effect.

Clearly, however, the situation in neighboring Vietnam is different with a thriving back market in elephant tusks. That is why it is essential to start clamping down on the trade in Vietnam as well if we are to save Africa’s embattled elephants from losing even more of their herds to unscrupulous poachers and traffickers.

Read original article on Sustainability Times.

Foreign investors dumped Vietnam and Asian equities

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REUTERS – From Vietnam to Taiwan, foreign investors offload Asian equities in the first six days of August after two months of buying, as the US ramped up pressure on China with a $300 billion trade barrage last week.

Overseas investors sold about $4.5 billion of regional equities during the period, data from stock exchanges in South Korea, Taiwan, India, Thailand, Philippines, Indonesia, and Vietnam showed.

Related: Investment registration and Enterprise registration certificate for foreign investors in Vietnam

Sharp outflows from Asian markets point to increased worries that trade tensions between the world’s two top economies could escalate, and regional economies and corporate earnings might deteriorate further. According to a report on Reuters.

US President Donald Trump said last Thursday he would slap a 10 percent tariff on the remaining $300 billion of Chinese imports starting Sept. 1, marking an end to a truce in the year-long trade war that was struck in June.

In response, China let its currency weaken 1.4 percent on Monday, sending it past the key 7-per-dollar level for the first time in more than a decade, and then the United States labeled Beijing a currency manipulator.

MSCI Asia-ex-Japan index had fallen 6.4 percent this month as of Tuesday’s close, after shedding 1.7 percent in July.

“Recent foreign outflows from Asian equities clearly suggest that investors are getting nervous on markets given escalating trade tensions,” said Chetan Seth, a strategist for Nomura Securities in Singapore.

It might get harder for the US and China to ease or soften these tensions given how events have unfolded over the last few days, he said.

Goldman Sachs said markets were pricing in a less than 15 percent chance of a trade deal being agreed. It estimated 13 percent and 8 percent cumulative earnings downside for MSCI China and MSCI Asia-ex-Japan in 2019-2020 under a “no deal” scenario.

Taiwan and India saw the biggest outflows in Asia, with net selling of $1.8 billion and $1.1 billion respectively. South Korea also witnessed outflows, of $919 million.

Taiwan and South Korean companies are more exposed to the Sino-US trade tussle as they have extensive ties with tech firms in China and are part of their supply chains.

Indian shares were undermined last month after the federal budget raised import tariffs on many items, hiked taxes on the rich and proposed changes in shareholding norms.

A slew of disappointing earnings by Asian firms for the second quarter also increased investor caution on regional markets.

Refinitiv data showed major Asian firms such as Tata Motors , Canon Inc. and Nissan have posted second-quarter earnings below expectations.

“So far 1H earnings in Asia-ex-Japan markets have been below estimates – although still early days. The question investors need to answer is what happens to 2020 earnings as markets in 2H will start discounting next year’s earnings,” said Nomura’s Seth.

“If trade tensions persist, there may be more downside to current consensus earnings estimates.”

In July, foreigners had invested $234 million in Asia, much lesser than $4.2 billion inflows in June.

Chinese ship heads away from Vietnam in East Sea Standoff

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A Chinese survey ship which has been embroiled in a tense month-long standoff with Vietnamese vessels has headed away from Vietnam’s Exclusive Economic Zone (EEZ), a Washington-based think tank said on Wednesday.

Since early July, Vietnamese ships have closely tracked Chinese vessels operating within the Southeast Asian country’s EEZ, in the latest confrontation in waters that are a potential global flashpoint as the United States challenges China’s sweeping maritime claims.

Related: China’s military drill near Paracel Islands illegal, Vietnam asserts

“Ship tracking data show that China’s survey ship has exited the Vietnamese EEZ for now, but at least two of its coast guard escorts remain in the area of the survey,” Devin Thorne, senior analyst at the Center for Advanced Defense Studies (C4ADS) told Reuters, citing data from maritime analytics company Windward.

“Vietnamese ships pursued Haiyang Dizhi 8 as it returned to Fiery Cross Reef and now appear to be loitering just outside of Vietnam’s EEZ,” Thorne added.

Fiery Cross Reef is a man-made island, controlled by China, built on a disputed the East Sea of Vietnam reef, to which Vietnam and the Philippines have competing claims.

It was not clear late on Wednesday if China’s Haiyang Dizhi 8 survey vessel planned to return to Vietnam’s EEZ, Thorne said.

The survey ship, operated by the China Geological Survey, has been conducting what appears to be seismic survey of Vietnam’s offshore oil blocks, according to the Windward data.

US Secretary of State Mike Pompeo has criticised Chinese “coercion” in the disputed the East Sea of Vietnam, while Beijing’s top diplomat, Wang Yi, said last week that maritime problems involving Vietnam should not interfere with two-way ties.

The offshore impasse has stoked anti-China sentiment in Vietnam, where previous tensions between Beijing and Hanoi over the disputed waters have erupted into protest.

Last week, a Vietnamese fishermen’s group urged the government to take stronger measures to remove the ships, saying they were disrupting fishing activities.

And on Tuesday, Vietnamese police broke up a brief demonstration outside the Chinese embassy in Hanoi against the operations of the vessel and its escorts.

Also on Tuesday, the Philippines, which is also embroiled in maritime disputes with Beijing, said its president Rodrigo Duterte would meet Chinese counterpart Xi Jinping soon to discuss a 2016 arbitration case over the East Sea of Vietnam.

That ruling in international law invalidated China’s claim, based on its so-called “nine-dash line”, to historic sovereignty over most of the busy and resource-rich waterway.

Read original article on ABS – CBN News

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