Improved India-Vietnam relations are guided both by their common historical experiences and their mutual concerns in the post-cold war context. Both have suffered aggression from China in the past and had good relations with the former Soviet Union. In fact, India was the only non-communist country to recognize the unified Vietnam and, ever since, they have had a friendly relationship, one that has stood the test of time. However, in the post-cold war context the shadow of China looms large over this relationship.
With the price of oil crossing $110 a barrel, the oil-importing countries' concerns have been mounting. Not surprisingly, the issue of whether the time is now ripe for energy consuming countries to take measures to counter the producers' growing clout is being discussed, including the formation of a consumers' cartel, to force exporters to bring down prices.
China's influence in South Asia has significantly grown over the years, and in particular Bangladeshi-Chinese relations are now robust and very comprehensive. This is in contrast to Bangladeshi-Indian relations, which are extremely uneven. While the latter are substantial and not totally negative, in comparison to Bangladeshi-Chinese relations they are riddled with controversies. How does one explain this contrast, especially when China lacks the historic-cultural advantages and linkages that India has with Bangladesh?
