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Vietnam Defence and Security Report 2015

Vietnam Defence and Security Report 2015

BMI View: We expect Vietnam's defence budget to continue increasing in absolute terms in the next fiveyears. This will be driven by the country's need to significantly modernise its armed forces, in particular itsnavy, in order to counter maritime piracy and increase its military stance against China in the South ChinaSea. Despite this increase, however, the budget will remain limited compared to the significant changes thatare needed, as well as the investments required for the development of the domestic defence sector,therefore the number of opportunities for third parties seeking to enter the Vietnamese defence market willremain limited for yet another few years.

Vietnam's 2009 Defence White Paper highlights a national defence policy that focuses essentially on thedevelopment of armed forces for the purpose of defending the country's sovereignty and integrity. Little tono priority is given to the development of a domestic defence sector built for the purpose of providing thearmed forces with sufficient and adequate equipment to intervene overseas, or for with the aim of increasingexports. As a result, the domestic defence market has remained significantly under-developed, with themajority of the armed forces needs being fulfilled by imports from Russia, a policy that has beencharacterised by a constant deficit in Vietnam's defence trade balance. The domestic defence sector, stateowned,comprises primarily two main companies and has seen a number of corruption scandals affect thedefence procurement process in recent years.


BMI Industry View
SWOT Analysis
Vietnam Defence SWOT
Political
Economic
Operational Risk
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (Vietnam 2012-2019)
Table: Defence Expenditure Scenario - Changing % Of GDP (Vietnam 2012-2019)
Armed Forces
Table: Armed Forces Personnel (Vietnam 2005-2012)
Table: Manpower Available For Military Service (Vietnam 2012-2019)
Defence Trade
Table: Defence Trade Balance (Vietnam 2012-2019)
Imports
Table: Defence Imports (Vietnam 2012-2019)
Exports
Table: Defence Exports (Vietnam 2012-2019)
Macroeconomic
Economic Analysis
Table: Economic Activity (Vietnam 2010-2019)
Industry Risk Reward Indices
Vietnam Defence Risk Index
Table: Asia Pacific Defence Risk Index
Rewards
Risks
Market Overview
Vietnam Defence Market Overview
Defence Market Overview
Domestic Defence Sector
Domestic Market
Table: Vietnam Defence Agreements
Vietnam Security Overview
Domestic Threats
Regional Threats
International Threats
Weapons of Mass Destruction
Regional Overview
South East Asia Security Overview
Challenges And Threats To Stability And Security
Global industry overview
Political Risk Analysis
Methodology
Sector-Specific Methodology
Table: Defence Risk Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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