December 2004
Asia Monitor: South East Asia Monitor Volume 1;Dec2004, Vol. 15 Issue 12, p4
Country Report
Country Report
The article reports that China and Vietnam have again clashed over the disputed Spratly Islands. Vietnam dismissed a protest by China after the state-owned oil company, Petrovietnam, invited bids for oil exploration in the islands. China has denounced the offer, saying it violated China's sovereignty and would complicate ongoing disputes over the islands, which are thought to have large reserves of oil and gas, and are also claimed by Taiwan, Malaysia, the Philippines, and Brunei. Vietnam's short-term political risk rating remains on 80.0, despite the clash with China.


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