29-1-2024 (MANILA) Philippine President Ferdinand Marcos Jr. announced on Monday (Jan 29) that talks on maritime cooperation between the Philippines and Vietnam would form a crucial aspect of the strategic partnership between the two Southeast Asian nations.
In a statement before departing for Hanoi on a two-day state visit, Marcos emphasized the significance of strengthening maritime ties to promote peace and stability in the region.
During his visit, Marcos is slated to hold discussions with Vietnam’s top officials, focusing on agreements related to coastguard cooperation and rice supply. Vietnam, being a major rice exporter, presents significant opportunities for the Philippines, which is one of the world’s largest importers of rice.
Expressing optimism about enhancing bilateral relations, Marcos articulated his aspirations to elevate the partnership to new heights, fostering an era of friendship and cooperation. Discussions are expected to encompass various sectors including trade, investment, education, tourism, as well as regional and multilateral concerns.
While both Vietnam and the Philippines have overlapping claims in the South China Sea, their relations remain relatively cordial compared to the heightened tensions between Manila and Beijing over territorial disputes.
The Philippines’ stance towards China has become firmer in recent times, coinciding with efforts by Marcos to strengthen military ties with the United States.
The South China Sea, a vital conduit for over US$3 trillion (S$4 trillion) in annual shipping commerce, is a focal point of contention, with China asserting territorial claims through a U-shaped line that encroaches upon the exclusive economic zones of Vietnam, the Philippines, Malaysia, Brunei, and Indonesia.
In 2016, the Permanent Court of Arbitration in the Hague ruled against China’s claims, a decision that Beijing has adamantly refused to acknowledge.
