http://english.vietnamnet.vn/fms/government/103898/pm-nguyen-tan-dung-talks-to-bloomberg.html

Bloomberg: According to this map, the area that China deploys its oil rig is into Vietnam’s 200 nautical miles waters as well as close to international maritime. What are the impact to the region and the world if the tension escalates to a conflict?

PM Dung: Conflict, war! I believe that you can easily imagine its devastating consequences.

If military conflict breaks out, there will be no loser or winner. I wish to highlight that as approximately two-thirds of the global trade in goods are shipped via the East Sea, a single irresponsible act triggering conflict will immediately interrupt this huge cargo flow. As a result, not only economies of this region but even the whole world will be hurt by its unforeseeable consequences.