By: Nina Ying Sun
May 16, 2014
What happened in Vietnam last week was a tragedy.
It's a tragedy for the Chinese victims and their families, for the Taiwanese owners of the damaged and destructed businesses, for the Singaporean, Japanese and South Korean businesses that were mistaken as Chinese and therefore attacked.
Some would relate this to the 2012 anti-Japan riots in China, also rooted from diplomatic disputes. The differences are the 2012 incident caused no death, injuries only occurred within the Chinese, and much if not most of the damage and destruction took place at the premises of Chinese businesses. One more big distinction: the 2012 demonstrations in China didn't have looting and stealing, which is rampant in the ongoing Vietnamese rioting, according to news reports.
It's a tragedy for the Vietnamese economy, as foreign investors are reminded that peaceful workers can turn violent and deadly, if the government turns a blind eye to it. According to news reports and company statements, police was present at many of the riot scenes.
It's a tragedy for international investments and globalization. The world is dangerous. Under the peaceful and prosperous surface, tensions build and erupt.
Prayers for a better world tomorrow.
Nina Ying Sun is managing editor of Plastics News China, where this blog post originally appeared.