China Battling against Vietnam economically in Cambodia Options

[lilzz]

Vietnam, which ousted the Khmer Rouge regime in 1979 and installed Hun Sen, has woken up to the threat of increased Chinese influence and has directed Vietnamese state owned companies to pour money into Cambodia. From $28 million in 2008, Vietnamese investment jumped to $268 million in 2009 and to $1.2 billion this year, according to Cambodian government statistics.

The Vietnamese military runs Cambodia's No. 2 - and soon to be No. 1 telecommunications company. Most government officials use its services because it gives them SIM cards loaded with free minutes.

But China is quick to counter Vietnam. Chinese and Cambodian officials this month signed a $591 million loan package Cambodia's biggest ever from the Bank of China for Cambodia's other main telecommunications company. The only catch is that $500 million was earmarked to buy Chinese equipment from the Chinese telecom giant Huawei.

[asean.asia]

China wants to take the role of the mongol, and Cambodia wants to take the role of Champa.

History repeats itself.

China gets defeated, and Cambodia gets annexed.

VN will end up thanking China for an opportunity to invade Cambodia.

The End.

[dammio004]

@asean.asia: I totally agree with you.

[SoCal]

When dragons fight, this happens.





This post has been edited by SoCal: Nov 22 2010, 10:05 AM