Vietnam Defence Forum

[Viet]

Banzai!

Vietnam reportedly agrees to allow more Japan warships to dock at the home ports. Japan okays to pour more money and support for Vietnam naval build-up.

"Win-win" relationship

I believe that is the typical phrase a certain neighbor loves saying all the times.

Japan warships at maneuver

 

[GS Zhou]

More money from Japan to support your navy build up??

Open your eyes to look at the fiscal conditions of the Japanese government!!
- Its debt interest payments is 2x of its defense budget! (red boxes)
- Its new debt borrowings is 2.5x of the redemption of the existing debt! (yellow boxes)

Are you serious to place your hope on this "no tomorrow" country?

 

[pher]

Banzai!

Vietnam reportedly agrees to allow more Japan warships to dock at the home ports. Japan okays to pour more money and support for Vietnam naval build-up.

"Win-win" relationship

I believe that is the typical phrase a certain neighbor loves saying all the times.

Japan warships at maneuver

haha, japs lauched 8 protests toward China in past 3 days, a record high. of course it wish some dumb country will share the burden with it, and it is not difficult for them to get vietnam jumping on board at all. You will soon resume the life of washing your face with tears, although in a brave expression.

 

[Viet]

More money from Japan to support your navy build up??

Open your eyes to look at the fiscal conditions of the Japanese government!!
- Its debt interest payments is 2x of its defense budget! (red boxes)
- Its new debt borrowings is 2.5x of the redemption of the existing debt! (yellow boxes)

Are you serious to place your hope on this "no tomorrow" country?

View attachment 325138

ha ha ha... the money Japan provides to Vietnam won´t add significant to the debt mountain. No. it is almost insignificant. Japan should massively increase the assistance as they profit from a free south china sea. Japanese submarines can cruise the south china sea, hunting sharks and pirates. when there is a need to refuel or rest, the Japanese can dock Vietnamese ports. Yes, I place hope on Japan. do you think I am unaware of Japan decade long budget deficit resulting to the current debt mountain? yes, Japan situation is bad, but not hopeless. some reasons:

- Japan government debts are dominated in Yen, not in Dollar or other hard currencies

- as the result, the government can advise the Bank of Japan BoJ to print money as much as it needs. to finance the deficit, pay back debts and interests.

- most of Japan debts are hold by domestic households, companies, and ...surprise... BoJ.

- actually it is a giant pyramid game, especially the role of BoJ. the government advises the BoJ to print Yen and loan it to the government. the government pays back the debt plus interests by the money, the BoJ prints. the BoJ transfers the revenue to the government after deducting the costs. a perfect scheme. in the last years, the BoJ even increases the stakes.

- well, the losers of the game will be Japan private households once the pyramid scheme bursts.

 

[GS Zhou]

ha ha ha... the money Japan provides to Vietnam won´t add significant to the debt mountain. No. it is almost insignificant. Japan should massively increase the assistance as they profit from a free south china sea. Japanese submarines can cruise the south china sea, hunting sharks and pirates. when there is a need to refuel or rest, the Japanese can dock Vietnamese ports. Yes, I place hope on Japan. do you think I am unaware of Japan decade long budget deficit resulting to the current debt mountain? yes, Japan situation is bad, but not hopeless. some reasons:

- Japan government debts are dominated in Yen, not in Dollar or other hard currencies

- as the result, the government can advise the Bank of Japan BoJ to print money as much as it needs. to finance the deficit, pay back debts and interests.

- most of Japan debts are hold by domestic households, companies, and ...surprise... BoJ.

- actually it is a giant pyramid game, especially the role of BoJ. the government advises the BoJ to print Yen and loan it to the government. the government pays back the debt plus interests by the money, the BoJ prints. the BoJ transfers the revenue to the government after deducting the costs. a perfect scheme. in the last years, the BoJ even increases the stakes.

- well, the losers of the game will be Japan private households once the pyramid scheme bursts.

I like your confidence. It sounds that you have stronger confidence on Japan even than themselves.

I don't want to talk too much on Japan's fiscal condition here, otherwise it will be too much off topic.

Have a good Friday.

 

[Viet]

I like your confidence. It sounds that you have stronger confidence on Japan even than themselves.

I don't want to talk too much on Japan's fiscal condition here, otherwise it will be too much off topic.

Have a good Friday.

I did not tell you the whole story. we bet the Yen will crash in the future, because that will reduce our Yen dominated long term debts to Japan to...hopefully...zero. that is the most exciting scenario. I hope our Japanese friends don´t read posts on PDF

 

[Carlosa]

More money from Japan to support your navy build up??

Open your eyes to look at the fiscal conditions of the Japanese government!!
- Its debt interest payments is 2x of its defense budget! (red boxes)
- Its new debt borrowings is 2.5x of the redemption of the existing debt! (yellow boxes)

Are you serious to place your hope on this "no tomorrow" country?

View attachment 325138

When was the last time you checked China's debts man? At the rate that China is going, pretty soon it won't be able to afford a military budget.

 

[Viet]

Russia Rebuilding Military Airfields in Vietnam, Pacific Islands
© Sputnik/ Roman Denisov
Asia & Pacific
10:00 12.08.2016

Former Air Force Commander said that Russia is rebuilding its Soviet-era network of airfields in Vietnam and the northwestern Pacific island of Matua.

MOSCOW (Sputnik) – Russia is rebuilding its Soviet-era network of airfields in Vietnam and the northwestern Pacific island of Matua, the country’s former Air Force Commander Army Gen. Pyotr Deinekin said.

"Our aviation is going through a major overhaul, the defense industry is working on next-generation warplanes. The airfield network is being rebuilt in the Arctic, but also abroad in Vietnam, on the Pacific islands, and in Syria," Gen. Deinekin told RIA Novosti.

The Soviet and then Russian Air Force used an airport in Vietnam’s Cam Ranh between 1979 and 2002. Russia’s Defense Ministry said earlier it was going to rebuild a WWII-era Japanese outpost on Matua in the Kuril Islands chain.

On Tuesday, Russian President Vladimir Putin has submitted an agreement with Damascus on the deployment of a Russian air force group in Syria for ratification by the lower house of parliament. It is noted in the agreement that the Hmeimim air facility in Syria, its infrastructure and territory are granted to Russia free of charge.

 

[Silent Knight]

Looks like people still think that we only rely on the foreign powers to defend our territory.

Seriously...

 

[GS Zhou]

When was the last time you checked China's debts man? At the rate that China is going, pretty soon it won't be able to afford a military budget.

Debt is a headache to us, but the situation is not too bad now.

Currently the total government debt is about 35 trillion CNY (11 trillion of central government, 24 trillion of local government). Our GDP is about 70 trillion CNY, so the debt-to-GDP ratio is 50%, much lower than the 230% of Japan, or 130% of Spain.

In addition, when talking about the government debt, pls don't forget the SOEs owned by the government. SOEs is a big amount of wealth. Currently, the total SOE equity (Asset - Debt) is about 40 trillion CNY. And this 40 trillion does not include the portions from the financial groups yet (banks, insurance, etc). So, if the debt situation becomes worse, SOE privatization could still be a big cushion. But does Japan, or Spain has such cushion for government debt?

BTW, China's military budget is very humble. Just 1.9% of GDP, even lower than the 2.3% of Vietnam.

I'll stop here. Otherwise it will be too off topic.

P.S. if you are interested in the China government debt topic, you can create a new thread and lets discuss there.

 

[Viet]

Live fire exercise of Air Defence

 

[Viet]

I think, should China begin stationing squadrons of fighter jets in the Spratlys threatening our territory, the next step on the escalation ladder can be basing our Su-30 bombers in the island chain, too. armed with RVV-AE medium-range air-to-air guided missile.

 

[Viet]

Japan to increase defense attaches in Philippines, Vietnam
JIJI

Article history

• Online: Aug 11, 2016

The government plans to increase the number of defense attaches stationed in the Philippines and Vietnam in fiscal 2017, it was learned Thursday.

Japan hopes to promote defense cooperation further with the two Southeast Asian nations as China flexes its military muscle in the East China Sea and the South China Sea, informed sources said.

It also plans to deploy a defense attache in Finland in a stepped-up effort to gather and analyze information on Russia’s moves regarding Ukraine, according to the sources.

The government will make necessary budget requests for the year from April 2017.

As of April 1, a total of 61 Japanese defense attaches were stationed in major embassies and international organizations. One attache each is currently stationed in the Philippines and Vietnam, and the government aims to increase the number to two each, beginning in fiscal 2017, the sources said.

Both the Philippines and Vietnam are locked in territorial disputes with China over the South China Sea.

The increase in the number of defense attaches is aimed at facilitating defense cooperation with the two countries’ militaries through improved information sharing, as well as at strengthening information gathering on the activities of the Chinese military, according to the sources.

Moreover, the efforts to work more closely with the Philippines and Vietnam are intended as a warning against China, which has increased provocations in waters around the Japanese-administered Senkaku Islands in the East China Sea. China also claims the islands, which it calls Diaoyu.

Japan has been strengthening defense cooperation with the two nations.

In April, the Maritime Self-Defense Force destroyers made a port call for the first time in Vietnam’s Cam Ranh Bay, which has strategic importance as it faces the South China Sea.

Japan agreed in May to lease TC-90 training aircraft of the MSDF to the Philippines. The Philippine navy is expected to use the aircraft for patrols and surveillance in the South China Sea.

The government increased the number of defense attaches primarily in the Middle East and Africa after the 2013 hostage incident in Algeria, which left 10 Japanese nationals dead.

 

[Carlosa]

Despite China, Vietnam okays India’s plan to drill SCS for oil
SOURCE: ENS
http://idrw.org/despite-china-vietnam-okays-indias-plan-to-drill-scs-for-oil/#more-104103

Vietnam on Wednesday affirmed that India, being its strategic partner, can conduct oil exploration in a part of the South China Sea, despite Beijing’s objection, as it fell under its Exclusive Economic Zone (EEZ).

Vietnamese Ambassador to India Ton Sinh Thanh appreciated “strategic partner” India for its “positive” statement on the International Permanent Court’s verdict on South China Sea favouring Philippines’ claim.Even as Chinese state media “advised” India to refrain from raising the South China Sea issue during the upcoming visit of the Chinese Foreign Minister to New Delhi, Prime Minister Narendra Modi is making a political statement by stopping over in Vietnam en route to China to attend the G-20 summit.

“PM Narendra Modi generally has long visits abroad. When he is going to the G-20, Vietnam is the only country that he will visit bilaterally,” Ton Sinh told selected media representatives here. This is the first visit by an Indian PM to Vietnam in 15 years. Former PM Atal Bihari Vajpayee had visited Vietnam in 2005. He set the foundation for strategic relations between the two countries that Modi built on by extending `100 crore line of credit for defence purchases to Hanoi.

 

[Silent Knight]

I think, should China begin stationing squadrons of fighter jets in the Spratlys threatening our territory, the next step on the escalation ladder can be basing our Su-30 bombers in the island chain, too. armed with RVV-AE medium-range air-to-air guided missile.

Nope, never do that, ever.