Vietnam’s call for support from the international community received strong U.S. support, while Japan, Australia and the EU expressed serious concerns without naming China.
US penalties target China's tanker trade.
New rules may extend industrial price breaks for third year in a row.
Lower economic estimates may clash with Communist Party pledge.
Up until now Vietnam has responded to Chinese intimidation in the South China Sea in a very low-key fashion.
The government is pushing domestic production to counter import dependence concerns.
Higher costs could add to growth slowdown and trade war woes.
This would not be the first time that China has pressured ExxonMobil to steer clear of oil exploration and production in Vietnam.
Pollution may rise as cities are urged to ease restrictions on sales.
Chinese and Lao dam projects, melting glaciers pose grave threats down river.
