On Tuesday, Vietnam and the Philippines reached an agreement to enhance collaboration between their coastguards, aiming to prevent potential incidents in the South China Sea. This announcement was made during a state visit to Hanoi by President Ferdinand Marcos Jr. Both nations in Southeast Asia have conflicting territorial claims in certain areas of the South China Sea, a vital passage for approximately $3 trillion in annual ship-borne trade, with China asserting nearly complete ownership of the region.
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