🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Senior Chinese official to visit Vietnam

Published 13/07/2015, 13:41
© Reuters. China's Vice Premier Zhang Gaoli delivers a speech at the opening ceremony of China Development Forum in Beijing

BEIJING/HANOI (Reuters) - Chinese Vice Premier Zhang Gaoli, a member of the ruling communist party's elite Politburo Standing Committee, will visit Vietnam in mid-July, state media said on Monday, amid tension over territorial disputes in the South China Sea.

China's official Xinhua news agency did not give dates for the trip, but Vietnam's Foreign Ministry said on its website the visit would be between Thursday and Saturday. Zhang was invited by Vietnam's ruling communist party, but no details were given of the purpose of the visit.

China's increasingly assertive moves to press sovereignty claims in regional waters have rattled its neighbours and aroused concern in the United States, although Beijing says it has no hostile intent.

China has overlapping claims with Vietnam, the Philippines, Malaysia, Taiwan and Brunei in the South China Sea, through which $5 trillion in ship-borne trade passes every year.

Washington has taken advantage of the row to ramp up diplomacy with Hanoi after China parked an oil rig unannounced in waters that Vietnam considers its domain.

China's deployment of the rig last year, in what Vietnam called its exclusive economic zone and on its continental shelf, about 120 nautical miles off its coast, led to the worst breakdown in relations since a brief border war in 1979.

© Reuters. China's Vice Premier Zhang Gaoli delivers a speech at the opening ceremony of China Development Forum in Beijing

U.S. President Barack Obama and the head of Vietnam's communist party discussed concerns over China's activities in the South China Sea during a historic White House meeting on July 7.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.