VietNamNet Bridge – The Ministry of Transport has sent a report to the Prime Minister proposing assistance policies for domestic airlines during the period in which they were affected by East Sea tensions.

 VietNamNet Bridge – Despite escalating tensions in the East Sea, foreign shipping firms are still optimistic about Vietnam’s economic growth.

 East Sea tensions were hotly debated at a recent workshop in capital Vienna where scholars shed light on the current situation and suggested solutions to the territorial dispute.

China’s explanation is without merit and uses false allegations and clear fabrication to slander Vietnam of provocations.

Minister of Transport Dinh La Thang was quoted in Dat Viet as saying that rumors that China had prohibited its state-owned businesses to offer bids for projects in Vietnam were not a cause for concern.

A Vietnamese delegation led by Deputy Foreign Minister Pham Quang Vinh took part in the 27th ASEAN-US Dialogue in Yangon, Myanmar, on June 10.

The government of China has issued a decision that temporarily prohibits its state-owned businesses from joining projects in Vietnam, Hong Kong’s South China Morning Post newspaper quoted mainland China sources as saying.

VietNamNet Bridge – The sale of Chinese products have decreased sharply in both traditional markets and supermarkets in Vietnam, forcing retailers to find alternative suppliers. 

VietNamNet Bridge – Economists have warned that if China imposes economic sanctions on Southeast Asian countries, such actions would end up being a double-edged sword.

PM Nguyen Tan Dung on Monday noted that Italian PM Matteo Renzi’s official visit to Viet Nam marked a new stage in the development of the two countries’ relations.

 VietNamNet Bridge – HSBC Bank’s latest Vietnam macro-economic report says the nation will feel limited impact from the East Sea tensions with China.

VietNamNet Bridge – National Assembly deputies on June 2 urged the Government to take steps to lessen the country’s economic dependence on China as East Sea tensions with the northern neighboring country may leave adverse impact

 Vietnam ensures the security and safety of foreign tourists visiting the country, Deputy Minister of Culture, Sports and Tourism Ho Anh Tuan said yesterday.

Vietnamese parliamentarians, expressing their concerns about escalating tensions in the East Sea, have demanded that the government detail its plans to ease the country’s economic reliance on China and specify possible economic scenarios.

 VietNamNet Bridge – Financial experts have urged investors to stay calm and not transfer assets to gold or dollars as the East Sea problem can be settled.

 VietNamNet Bridge – Vietnamese firms trading with China should have a rethink to reduce the ballooning trade deficit and the massive dependence on the neighbouring country, entrepreneurs told a forum held in HCM City last week.

 Local investors continued to unload shares on growing pessimism on May 13, although the low prices attracted foreign bargain-seekers.

China’s illegal placement of a drilling rig in Vietnam’s exclusive economic zone in the East Sea is an “extremely serious action and will definitely impact the aviation market between Vietnam and China”, a senior airline official has warned.