Shared similar ideology based on socialism, China and Vietnam are involving in the territorial disputes in the South China Sea. Since 1970s, the maritime conflicts have broken out for seizing the reefs between two rivals. In May, 2014, the recent dispute in the region due to the Chinese oil rig has nearly escalated into a military confrontation. China's declaration of South China Sea as its "core interest," in association with the U.S. rebalancing policy, and the issue of Vietnam and the Philippines internationalizing the South China Sea territorial disputes have gradually brought this region on the spotlight. China and Vietnam's reclamation on the reefs in the South China Sea as well as the U.S. interventions have turned this region into a chaos. On South China Sea issues, although China and Vietnam demonstrated their assertions and almost escalated to an armed conflict, they practice self-restrains. China and the U.S. only carry out verbal exchanges rather than going further to military operations. Although the tension between two sides in South China Sea has been alleviating, the key factor of sustained stability relies on self-restrains. The situation is worth concerning.