Vietnam Defence and Security Report 2017

BMI View: Growth in Vietnam's defence expenditure over the coming years continues to be assured byongoing tension in the South China Sea. The China challenge in these waters has continued to necessitateinvestment into strengthening the country's deterrence capabilities and its overall asymmetrical defencestrategy - especially in terms of its naval and air forces' maritime power projection capabilities. Despitethis positive outlook however, we caution that defence spending as a portion of GDP remains relatively flatand just ahead of inflation. The domestic industry, however, remains under-developed and incapable ofproviding for the technologically advanced requirements of its armed forces, meaning the country willremain heavily dependent on foreign defence companies for supply in the coming years - although state-ofthe-art systems will remain firmly out of budgetary capacity.

Latest Updates

In July, the Vietnam government announced its commitment to reduce the number of military ownedbusinesses, vowing the divest stakes in the majority of such companies.


BMI Industry View
Table: Defence Expenditure (Vietnam 2014-2021)
SWOT
Defence Industry SWOT
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (Vietnam 2015-2020)
Table: Defence Expenditure (Vietnam 2021-2026)
Defence Trade
Industry Risk Reward Index
Defence Industry Risk Reward Index
Table: Asia Pacific - Defence Industry Risk Reward Index
Rewards
Risks
Market Overview
Defence Market Overview
Domestic Defence Sector
Domestic Defence Market
Armed Forces Overview
Armed Forces
Table: Armed Forces Personnel (Vietnam 2007-2014)
Security Overview
Domestic Threats
Regional Threats
International Relations
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Defence Risk/Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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