*** Vietnam Retreats from Oil Rig in South China Sea ***

[Soryu]

It is like an arm wrestling between an adult man and a 3 years old child, and do you think that how long this child can withstand before giving up?

Thousand years, perhaps ...

 

[ChineseTiger1986]

Thousand years, perhaps ...

During thousand of years, China controlled you most of time when she was strong.

When she became weak, other foreign nations took China's place to colonize you.

 

[EastSea]

how close? didn't see the rig

 

[Soryu]

Sooner or later. They don't even bother to yell. Another few month pass. Not even a vietnamese patrol boat will be seen within the vicinity.

Its not cheap to send mass of patrol boats for those campaign. Not to mention building more of those 4000tons above patrol ship and including training and maintenance fee.

Vietnam driving away precious investor and plus a dwindling national reserve is not going to able to compete with China of 4 trillion national reserve in this cat and house game. Precisely, China is going to draw Vietnam into a game of attrition and see who run out of money first.

Keep dreaming, kid ...

Foreign manufacturers maintain faith in Vietnam despite riots

By Nguyen Phuong Linh and Donny Kwok


May 19 (Reuters) - Most large companies operating in industrial parks hit by anti-China riots in Vietnam last week have resumed operations, underscoring the irresistible pull of the country as a low-cost manufacturing hub with a relatively skilled workforce.

Manufacturing has increasingly shifted away from China in recent years as wages there are climbing and there is a growing shortage of labour. The speed with which companies have returned to work in Vietnam's industrial parks, which were the focus of rioting just last week, demonstrates the economic draw of doing business in the country, despite the risks.

The riots, which erupted after protests over disputed territory in the South China Sea, had sparked speculation that foreign investors could flee the country, but most say they have no plans to do so.

Vietnam has about 200 industrial parks and they have been a major driver of the country's economic growth, accounting for more than 30 percent of exports and attracting around $110 billion in foreign direct investment.

"Vietnam is one of the most attractive places to do manufacturing. It's a combination of people who are skillful and a good work force that is diligent and competent, and also wage levels that are competitive compared to the rest of Asia," Jerry Shum, a spokesman for Yue Yuen Industrial Holdings Ltd , told Reuters on Monday.

Operations at Yue Yuen, a $4.7 billion company that makes footwear for the likes of Nike Inc and Adidas , had returned to normal after production was temporarily suspended last week, he added.

Companies from Taiwan, Singapore and Hong Kong told Reuters that their investment strategy in Vietnam was unchanged, even though state-run Chinese media said Hanoi's commitment to foreign investors was in doubt.

Some business officials, in particular those from Taiwan, said they had stepped up security at factory facilities, with China Steel Corporation tightening measures at dormitories for its Taiwan and Chinese staff.

BACK TO BUSINESS

Eighty percent of the 326 factories at two Vietnam-Singapore Industrial Parks in the south that were hit by the violence have resumed operations, the parks' operators said. They are run by a joint venture between Vietnam's Becamex IDC Corporation and a Singapore consortium led by Sembcorp Development, part of Sembcorp Industries Ltd.

Taiwan's Formosa Plastics Group, one of the companies worst affected by the anti-China riots, told Reuters on Monday that work at its steel facility in central Vietnam had partially resumed and it hoped all operations would return to normal as soon as possible.

It would also seek compensation from the Vietnamese government for damages to its facilities, it added, although it did not provide details.

A spokesperson for Taiwan contract manufacturer Hon Hai Precision Co Ltd, which makes parts for Apple Inc's iPhone, iPad and laptops, said operations would return to normal from Tuesday and there were no changes to its plans in Vietnam.

Fabric maker Texhong Textile Group said in a statement in Hong Kong that operations at its Vietnam facilities had "substantially" returned to normal and there had been no material disruption.

Texhong Textile had halted production last week after its facilities were damaged, triggering a drop in its shares.

Singapore's Keppel Corp, which has been in Vietnam for about two decades, said its long-term strategy had not changed and it was business as usual for the company.

While most companies were focusing on resuming operations, it was clear the riots had dented sentiment among some Taiwan businesses, which bore the brunt of the damage.

Many of the rioters mistook Taiwanese companies to be owned by mainland Chinese.

"Apart from our factories and facilities being destroyed, the most damage is the sentiment of not only Taiwanese investors and labour, but also their families," Serena Liu, chairwoman of Taiwanese business association in Vietnam, said, bursting into tears at a business forum in Hanoi.

Ten percent of Taiwanese investors had already left the country as they were scared, she added, although she did not provide details and it was unclear if they had left for good. (Additional reporting By Michael Gold in TAIPEI, Yimou Lee in HONG KONG, Yong Ren Toh in SINGAPORE; Writing by Anne Marie Roantree; Editing by Raju Gopalakrishnan)

During thousand of years, China controlled you most of time when she was strong.

When she became weak, other foreign nations take China's place to colonize you.

They're colonize you, too, painful memory with Japanese if you forgot ...

 

[ViXuyen]

It is like an arm wrestling between an adult man and a 3 years old child, and do you think that how long this child can withstand before giving up?

We have not given up yet. Stop masturbating about something that does not happen. Our news update this event everyday. Our ships are still there. The one who is exhausted are you guys as you have stopped your attept of ramming of our ships. When you try to ram a ship, you exhaust yourself from chasing the ship that you want to ram and you have finally realised it.

 

[Battle of Bach Dang River]

wrong propaganda bullshit from the losers (republic of vietnam) who were forced to flee to the US. They often accuse Hanoi government today is pro-china.
PhoBolsaTV = Phở gà

Many of them are Hua (chinese) who fled from VN.

 

[ChineseTiger1986]

We have not given up yet. Stop masturbating about something that does not happen. Our news update this event everyday. Our ships are still there. The one who is exhausted are you guys as you have stopped your attept of ramming of our ships. When you try to ram a ship, you exhaust yourself from chasing the ship that you want to ram and you have finally realised it.

You wanna exhaust a 10 trillion economy with 4 trillion of foreign exchange reserves?

Good luck for you.

 

[pigtaker]

Vu Hoang Lan is oversea reporter, he has his opinion, kid. You can orgasm with that, if you want ...

orgasm? it is you masturbating yourself by claiming using every measue to protect your territory, where is your missle? stupid viets

 

[Soryu]

Don't show that so clear, bro ... Chinese buddies want their orgasm ...

orgasm? it is you masturbating yourself by claiming using every measue to protect your territory, where is your missle? stupid viets

Fire your first shoot and you will see how lovely our missile come to you ...

 

[ChineseTiger1986]

wrong propaganda bullshit from the losers (republic of vietnam) who were forced to flee to the US. They often accuse Hanoi government today is pro-china.
PhoBolsaTV = Phở gà

Many of them are Hua (chinese) who fled from VN.

Soon these people will request their US master to launch a color revolution in your country, just having fun to watch.

 

[ViXuyen]

You wanna exhaust a 10 trillion economy with 4 trillion of foreign exchange reserves?

Good luck for you.

Your ships obviously show how exhausted and weary they're from trying to chase and ram our smaller more maneuverable ships. Our ships are still there, yet your ramming attempt has stopped. Looks like we play this game perfectly from the beginning while you're beginning to run out of gas and sweat

 

[Huan]

wrong propaganda bullshit from the losers (republic of vietnam) who were forced to flee to the US. They often accuse Hanoi government today is pro-china.
PhoBolsaTV = Phở gà

Many of them are Hua (chinese) who fled from VN.

What's wrong with Pho Ga? It tastes delicious here in America!

 

[Battle of Bach Dang River]

Probably no more ramming or shooting water cannons I bet, but yelling from a distance.

HUA, what is so-called "retreat" like you created in the title of this thread?

What's wrong with Pho Ga? It tastes delicious here in America!

Well, PhoBolsaTV means phở gà in Vietnamese

 

[ChineseTiger1986]

Your ships obviously show how exhausted and weary they're from trying to chase and ram our smaller more maneuverable ships. Our ships are still there, yet your ramming attempt has stopped. Looks like we play this game perfectly from the beginning while you're beginning to run out of gas and sweat

lol, all your tugboats are now running out of gas, since China has the replenishment base in the Paracel Islands nearby.

Do you think we will run out of gas?

 

[Soryu]

Soon these people will request their US master to launch a color revolution in your country, just having fun to watch.

Nah, It's more exciting with your countries, having fun to watch, but careful when you're on the street or in the market ...