On Tuesday, US Defense Secretary James Mattis met with Vietnamese counterpart Ngo Xuan Lich at the Pentagon where it was announced that an unspecified US aircraft carrier would visit the Southeast Asian nation next year. "Vietnam and the United States of America respect our pasts, but we look to the future," Mattis said, in reference to the war fought decades ago.
Vietnamese and Chinese delegates attending the 50th Association of South East Asian Nations (ASEAN) last weekend cancelled a bilateral meeting that was supposed to be held on the sidelines of the regional conference.
The two nations have been sparring over ownership rights to an oil field in the South China Sea. Beijing even reportedly threatened to strike Vietnamese positions in the Spratly Islands if Hanoi allowed the Spanish oil firm Repsol to continue drilling. A Chinese Foreign Ministry official ominously confirmed that Beijing had taken "practical actions" to maintain the "positive situation in the South China Sea" but did not disclose the specifics of what the "practical actions" entailed. Hanoi has reportedly called off the oil exploration missions for now.
An estimated $3-5 trillion worth of goods transit the strategic waterway per year.
Vietnam has "modestly" expanded its footprint in the South China Sea since 2014, "when relations with Beijing hit a historic low following a standoff over the deployment of a Chinese rig in disputed waters off the Paracel [Islands]," AMTI said.
