Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

China, Vietnam clash again over South China Sea claims

Published 12/12/2014, 06:45
Updated 12/12/2014, 06:50
© Reuters. A crewman from the Vietnamese coastguard ship 8003 looks out at sea as Chinese coastguard vessels give chase to Vietnamese ships that came close to the Haiyang Shiyou 981, known in Vietnam as HD-981, oil rig in the South China Sea

BEIJING (Reuters) - China and Vietnam have clashed again over competing claims in the South China Sea, after Vietnam submitted its position to an arbitration tribunal initiated by the Philippines over the festering dispute that involves several countries.

China has said repeatedly it will not participate in the case at the Permanent Court of Arbitration at The Hague, branding it an underhand attempt to exert political pressure over territory which is inherently Chinese.

China's foreign ministry, in a statement released late on Thursday, called on Vietnam to respect China's sovereignty, which it said had historical basis.

China will not change its position of not taking part in the arbitration, the ministry said.

Vietnam's foreign ministry said it had submitted its point of view to the court to ensure it pays attention to "our legal rights and interests".

Vietnam has historical proof and the legal basis to support its claims, and rejects China's "unilateral" claims, it added.

China has warned Vietnam before against getting involved in the arbitration case, the first time China has been subjected to international legal scrutiny over the waters.

Anti-Chinese violence flared in Vietnam in May after a $1 billion (£635.8 million) deepwater rig owned by China's state-run CNOOC oil company was parked 240 km (150 miles) off the coast of Vietnam.

Since then, though, China has sought to make amends with Vietnam.

China claims about 90 percent of the South China Sea, displaying its reach on official maps with a so-called nine-dash line that stretches deep into the maritime heart of Southeast Asia.

© Reuters. A crewman from the Vietnamese coastguard ship 8003 looks out at sea as Chinese coastguard vessels give chase to Vietnamese ships that came close to the Haiyang Shiyou 981, known in Vietnam as HD-981, oil rig in the South China Sea

Malaysia, Brunei and Taiwan also have claims to parts of the potentially energy-rich waters that are crossed by key global shipping lanes.

(Reporting by Ben Blanchard; Additional reporting by Mai Nguyen in HANOI; Editing by Robert Birsel)

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.