Vietnam and the Philippines agreed on Tuesday to boost cooperation among their coastguards and to prevent untoward incidents in the South China Sea, in an announcement during a state visit to Hanoi by President Ferdinand Marcos Jr.
The two Southeast Asian countries have competing claims over some parts of the South China Sea, a conduit for $3 trillion of annual ship-borne trade that China claims almost in its entirety, Reuters reported.
The two memoranda of understanding on security covered "incident prevention in the South China Sea" and "maritime cooperation" among coastguards, according to a Vietnamese official who announced the deals during a formal ceremony in the country's presidential palace.
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