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JUN 10, 2014 - TheStreet

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In About-Face, U.S. Supports Vietnam in Oil Dispute With China

TAIPEI (TheStreet) -- The U.S. fought Vietnam in the 1960s and 1970s and has long had a frigid relationship with its government, but now the U.S. is all but explicitly backing the Communist government as they both try to check the expansion of China. Washington has taken a series of soft yet persuasive measures to indicate it's on the side of Vietnam, which reports injuries and a sunken boat in its quest to oppose the CNOOC (traded in Hong Kong) oil rig that China placed in disputed waters on May 2. The unspoken alliance against Beijing's expansion in the 3.5 million square-kilometer (1.4 ... Read More

Tags: In About-Face, U.S. Supports Vietnam in Oil Dispute With China,  Intel Corporation Latest News