Vietnam, Yielding to Beijing, Backs Off South China Sea Drilling

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HONG KONG — Vietnam appears to have retreated in a high-stakes maritime gambit against China, suspending a gas-drilling project that it had approved in the South China Sea but that was said to have irritated Beijing.

The drilling, by a subsidiary of the Spanish energy company Repsol, had started in June off the southern Vietnamese coast, analysts said.

Uku 5eThe offshore block where the drilling was occurring straddles the border of Vietnam’s 200-nautical-mile exclusive economic zone but…

Analysts say the project’s suspension, which Repsol confirmed to Reuters on Wednesday, appears to be another strategic victory for China at a…

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