Vietnam

Vietnam in WTO: New Economic Calculations

Vietnam was inducted into the World Trade Organisation (WTO) on November 8, 2006. This was approved by the General Council, the WTO's major decision-making unit, after due deliberations on October 26. One hindrance in the realisation of Vietnam's WTO membership plans has been the passing of the "Permanent Normal Trade Relation" (PNTR) bill in the US Congress. Earlier the United States Finance Committee had passed the bill on August 1, 2006 by 20 to 18 votes in favour.

Simmering South China Sea Dispute

On December 29, 2005, the Vietnamese foreign ministry accused Taiwan of being involved in the construction of a runway in the biggest of all of the islands, Itu Aba, in the disputed South China Sea. Also known as Taipingdao in Chinese, Ba Binh in Vietnamese and Ligaw in Filipino, it is strategically located in the region. Cumulatively, the South China Sea islands, covering about 200 islands and 800,000 square kilometres, are a bone of contention between Taiwan, China, Vietnam, Brunei, Malaysia and the Philippines.