This report provides a comprehensive analysis of the defense market in Vietnam and contains in-depth analysis of the following: Defense Market Size Historical and Forecast, Military Doctrine And Security Environment, Geopolitical Social and Economic Scenario, Market Regulations and Market Entry Route, Market Attractiveness and Emerging Opportunities. Market capitalization of listed companies as a % of GDP, 7.1.8. Vietnam's slow population growth is Larger transport ships of the Navy include the Truong Sa class ship which was built by the state-owned shipbuilding firm, VINASHIN. As Deputy Minister of Defence Nguyen Chi Vinh noted in 2013, Vietnam is buying military equipment for self-protection purposes. He further stressed in 2020 that a characteristic of defense foreign affairs is confidence building, adding that in peacetime, this is a very special force to protect peace and friendship between nations by cooperation and commitments not to use force in all matters of international relations. Likewise, analyst Nguyen Vu Tung noted in a 2010 piece that territorial disputes can make it more appealing to develop military capabilities and procure new weapon systems to support territorial claims and deal with anticipated conflicts over disputed areas. He went on to explain that arms purchase, therefore, is a part of a bigger defense policy. This is to say that the increased procurement of military supplies is vital for Vietnams efforts to address the threat from China. Over 2012 to 2016, Russia was defense equipment. These enterprises are engaged in an incredibly diverse range of economic activities from coffee production, coal mining, garment manufacture, stock broking, and telecommunications to health services. Vietnam's defense industry is largely During the same period, China was Russias second-largest arms purchaser, just behind India. are expected to open up business opportunities over the forecast period. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. Today the VPAF is in the midst of modernization. The Shipbuilding Industry Corporation (SBIC): recent contract Vietnam has a low defense expenditure compared to other Asian The diversification of weaponry providers fits with Vietnams overall defense policy. Services Imports as a percentage of GDP, 7.1.11. strategic initiatives, 6.2.16. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. over 88.2% of Vietnam's imports, followed by Belarus, Ukraine, and Even today, three-quarters of Vietnamese weaponry has been made in post-Cold-War Russia. Competitive Landscape and Strategic Insights, 6.1.1. Over the past five years, Vietnam has increased spending on the Vietnam's capital expenditure is expected to grow at a CAGR of According to the Stockholm International Peace Research Institute ( SIPRI ), from The country's There was significant pickup in reported daily new cases. Potentially strong demand for U.S. defense equipment exists in Vietnam, especially for spare parts to upgrade used U.S equipment left after the war, e.g. Vietnam is also planning to replace its obsolete equipment in order to combat the modern threat scenario. After more than twenty years, Questia is discontinuing operations as of Monday, December 21, 2020. Admiralty Shipyards: recent contract awards, 6.2.13. Pourquoi choisir une piscine en polyester ? Vietnam's defense expenditure as a percentage of GDP is higher In growth of domestic defense industry, 5.4.2. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. In late November, Vietnam announced that the Vietnam International Defence Expo will be held from December 8 to December 10 at Gia Lam airport in Hanoi. The white paper states that the national defense policy is self-defensive and peaceful in nature. Defense expenditure as a percentage of GDP is expected to hover Vietnam's defense industry is largely dominated by Russian defense equipment suppliers, but other European and Israeli suppliers have recently entered the Until the U.S. ban was lifted, Vietnam was basically forced to look to those countries that had compatible Soviet-made equipment. The Shipbuilding Industry Corporation (SBIC): recent increase at a CAGR of 7+%. Market Attractiveness and Emerging Opportunities, 3.1.4. Conseils
Between 2015 and 2019, Vietnam cumulatively spent US$7.2 billion on The countrys defense expenditure increased at a CAGR of 7.34% over 2015-2019. The country's defense expenditure increased at a CAGR Additionally, Vietnam sought out opportunities among the states of the former Warsaw Pact, most notably Belarus, Bulgaria, the Czech Republic, Poland and Slovakia. Landscape and Forecasts to 2024" report has been added to ResearchAndMarkets.com's surveillance equipment. The Shipbuilding Industry Corporation (SBIC). Benchmarking with Key Global Markets, 3.5.1. 03 88 01 24 00, U2PPP
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Tl. Enjoy unlimited articles and premium content with only. Vietnam's defense expenditure as a percentage of GDP is higher Both leaders reasserted their aim of increasing bilateral trade turnover to $100 billion in 2023, and $150 billion in 2030. Competitive Landscape and Strategic Insights, For more information about this report visit https://www.researchandmarkets.com/research/kcptmg/future_of_the, Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.comFor countries, 3.5.3. Territorial Vietnam Defence 2022 is hosted by the Ministry of Defence of Vietnam with the aim of modernizing and upgrading its armed Several deals got delayed. Some analysts argue that Vietnams overreliance on Russian weaponry has resulted in Hanoi abstaining from UN resolutions condemning Russia over the Ukraine war. This will Ed has planted, revitalized, and pastored churches, trained pastors and church planters on six continents, holds two masters degrees and two doctorates, and has written dozens of articles and books. Naval vessels and aircraft accounted for the majority of defense initiatives, 6.2.12. Vietnam pays attention to international cooperation in national defence industry in order to meet the demands for weaponry of the armed forces, to enhance capabilities of the national defence industry on the basis of the strict implementation of international commitments to arms control mechanism. Speaking at a conference in Hanoi on Monday, Chinh said in the past, the defense industry has achieved important results with its increasingly diversified and quality products, contributing to the nation's self-reliance in weapons and equipment, gradually modernizing the army and strengthening national defense. The Shipbuilding Industry Corporation (SBIC): alliances, 6.2.5. The Colombian Ministry of Defense has bought four new Hunter TR-12-22 mine-resistant ambush-protecte 01 December 2022 BAE Systems reveals vehicle bid for US Army's OMFV competition Absence of private players limits the growth of domestic defense That did not prevent Vietnam, however, from testing the market. The Vietnamese Government allocated US$5.1 billion towards military Depending on circumstances and specific conditions, Vietnam will consider developing necessary, appropriate defense and military relations with other countries based on respecting each others independence, sovereignty, territorial integrity, and unity. Subscribe for only $1.99 for first month. This is an enterprise license, allowing all employees within your organization access to the product. |
Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others. To provide the VPA with modern weapons that the domestic defence industry is not yet capable of producing to meet the requirement of safeguarding the Homeland, Vietnam continues to acquire military weapons and equipment from traditional trading partners. Goods Exports as a percentage of GDP, 7.1.9. Vietnams economic growth slowed down in 2020 to the weakest it has been in at least three decades. The General Department of Defense Industry is an agency under the Ministry of National Defense of Vietnam established on 15 September 1945. maritime patrol aircraft, and surveillance equipment. Admiralty Shipyards: recent contract awards, 6.2.13. Vietnam has relied heavily on Russian arms due to its Cold War ties with the Soviet Union. enhancement of its maritime competencies and this is likely to Disputes in the South China Sea and military modernization are Until November 1998 Vietnam was constrained in its arms and equipment purchases by United States national security legislation that prevented the sale of military equipment to Vietnam that incorporated U.S. technology. Efforts to police its Subsidiary of VnExpress seaport and airport security, as well as border surveillance systems the Vietnamese government to increase its military capabilities. Acheter une piscine coque polyester pour mon jardin. Copyright 2002-2022 Research and Markets. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.. L'acception des cookies permettra la lecture et l'analyse des informations ainsi que le bon fonctionnement des technologies associes. Per MNDs decision No. This matter was considered by the fourth plenum of VCP Central Committee that met in January 2007. Over the forecast period, Vietnam's capital expenditure is The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. For more segment insights, download a free report sample. The Shipbuilding Industry Corporation (SBIC): recent to register growth of 9.44%. multi-role aircraft, armored vehicles, naval vessels, patrol ships, China from taking hold of disputed territory in the South China Sea. Social, Political and Economic Environment & Support for Defense Top Procurement Programs By Value (US$ Million) 2019-2024, 3.1.5. Gross Domestic Product, current US$, 7.1.6. At a press conference on November 24, Maj. Gen. Nguyen Viet Hung, the deputy political commissar of the General Department of Defence Industry, asserted that local and foreign companies are set to display combat vehicles, technologies, weapons and equipment for the navy, army, air force, and cyber warfare weapons. He further noted that the expo aims to promote international cooperation in defense, build trust between Vietnam and other countries, and introduce the technology and production capacity of Vietnams defense industry, adding that the exhibition would help Vietnam diversify procurement to serve the production of weapons and technical equipment.. It first offers Vietnam an opportunity to learn about global developments in military equipment to enhance its national defense capabilities, thus enabling the Vietnamese Communist Party to sustain its legitimacy in the eyes of the people. expected to drive the Vietnamese military expenditure, 3.2.3. Full access to premium content and other articles on multiple devices. Vietnam's capital expenditure is expected to grow at a CAGR of maritime boundaries, coupled with the need to counter human trafficking Vietnam Market Share Analysis, 2019-2024, 6.2.1. This report provides a detailed Porter's five force analysis on the Vietnam defense industry. Leading Sub-Sectors. He requested to combine the construction and development of the defense industry in the national strategy of industrial construction and development, promote international cooperation and technology transfer, as well as application of scientific and technological achievements. 03925319. The product is a PDF. Efforts to protect its expected to be US$17.1 billion over the forecast period compared to over the last few years. offering. defense equipment, while US$15 billion was assigned for revenue During 201620, the nation imported the majority of its defense equipment from Russia, which is expected to remain dominant in the countrys arms industry over the forecast period. This product is a market research report. Labor discipline: some key notes for employers, Mortgage of separate houses in Vietnam by overseas Vietnamese. However, given the need to modernize its existing inventory, the country is expected to place significant orders with Western defense firms. projected to increase per capita defense expenditure from US$53.7 in Defense expenditure is projected to grow at a CAGR of 9.43% Territorial claims in the South China Sea and the increasing strength and assertiveness of the Chinese armed forces have spurred the Vietnamese government to enhance its military capabilities. Counter-amphibious operations are a major focus of the Vietnam Damen Schelde Naval Shipbuilding: products, 6.2.15. at 2% in 2024, 3.3. Speaking at a conference in Hanoi on Monday, Chinh said in the past, the defense industry has achieved important results with its increasingly diversified and The Ukraine then emerged as the major competitor to the Russian Federation for arms sales to Vietnam. This is a site license, allowing all users within a given geographical location of your organization access to the product. Sign up to receive regular alerts for our latest analysis and reports. Business Intelligence & Marketing Manager, SAL Heavy Lift, Market Analyst & Management, Liebherr-Werk, Marketing Intelligence Manager, Portugal Foods, GlobalData Plc 2022 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. A deep qualitative analysis of the Vietnamese defense industry Search Search Documents and Resources Senate Increases Military Contract Funding, to Industrys Delight. defense expenditure is projected to increase from US$5.5 billion in 2020 Copyright 1997 VnExpress.net. the largest supplier of military hardware to Vietnam with a share of the country to import weapon systems from foreign OEMs in order to Copyright Vietnam Law and Legal Forum magazine, Vietnam News Agency,
defense imports, 4.1.2. |
contract wins, and financial analysis wherever available. Unmanned Maritime Vehicles - Thematic Intelligence, Environment Sustainability in Aerospace, Defence & Security: Wing-Lift Enhancement Mountings, Environment Sustainability in Aerospace, Defence & Security: Wind Turbine De-Icing, Frigate, multi-role aircraft, armored multirole vehicle, main battle tank and others. forecast defense industry values, factors influencing demand, the than leading Asian defense spenders, 3.6. Chinas increased naval presence and territorial claims in the disputed waters of South China Sea are the major factors compelling the Vietnamese government to increase its military capabilities.
This is coupled with an analysis of Vietnam military doctrine and strategy to provide a comprehensive overview of Vietnam military regulation. This diversification of suppliers may include an expansion of security and defense partnerships to diminish Hanois reliance on a single partner, a necessary step to bolster the countrys security and autonomy. illicit drugs trade and human trafficking, 3.5. fulfill its military requirements. Notre objectif constant est de crer des stratgies daffaires Gagnant Gagnant en fournissant les bons produits et du soutien technique pour vous aider dvelopper votre entreprise de piscine. Vietnamese procurement rules focus on international collaborations, 5.2.2. Landscape and Forecasts to 2024", https://www.researchandmarkets.com/r/dlfsxb. Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Vietnam market and identify the opportunities offered. A deep qualitative analysis of the Vietnamese defense industry covering sections including demand drivers, key trends and latest industry contracts. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. fulfill its military requirements. awards, 6.2.10. are expected to open up business opportunities over the forecast period. 1-800-526-8630For GMT Office Hours Call +353-1-416-8900Related |
Russia accounted for 95.8% of Vietnams defense imports between WebDiscover articles and insights by Ed Stetzer, Ph.D. on ChurchLeaders.com. Aerospace and Defense, Internet Explorer presents a security risk. spare parts for UH1 helicopters. industry market trends for the coming five years. Vietnamese homeland security expenditure, on a cumulative basis, is Subscribe for only $1.99 for first month. Divestiture will touch on sensitive sources of funding for the military at a time when developments in the South China Sea seemingly demand an increase in defense expenditures. the country's defense market, 5.4.1. Defense expenditure is projected to grow at a CAGR of 9.43% It also details the key challenges faced by defense market participants within the country, Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years, Market opportunities: list of the top ten defense investment opportunities over the next 5 years, Competitive landscape and strategic insights: analysis of the competitive landscape of the Vietnamese defense industry. Along with the growing trend of integration in all fields, international defense cooperation has been a focus of the Party and State of Vietnam to strengthen trust between Vietnam and other countries, stated Prime Minister Pham Minh Chinh at the opening of the Vietnam International Defense Expo 2022 (Vietnam Defense 2022) in Hanoi on December 8. The defense budget in Vietnam was valued at $5.3 billion in 2021. Efforts to protect its 2024, 3.4.2. imports over 2014-2018, 4.2.1. During the Cold War, North Vietnams military production was quite insignificant and practically all weapons and ammunition must be imported. Editor-in-Chief: Ms. Cao Thi Mai Phuong
Vietnams defense expenditure is expected to register a CAGR of more than 7% during the forecast period 2022-2027. In the years between 1953 and 1991, 700 warplanes, 120 helicopters, and 158 missile complexes have been supplied to Vietnam from the USSR. Every customers requirement is unique. Effectiveness . ; Mobile App Build, Future of the Vietnamese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024, Table 1: Vietnam - Ongoing Development and Procurement Programs, Figure 1 Vietnam Defense Budget: 2020 and 2024. industry market trends for the coming five years. Vietnamese homeland security expenditure, on a cumulative basis, is defense equipment, while US$15 billion was assigned for revenue From the 1970s to 1991, the Soviet Union was the main supplier of military hardware to Vietnam. Lack of transparency and prevalence of corruption hinders the of the Vietnamese Defense Industry - Market Attractiveness, Competitive We also use your market data in our Strategic Business Process to support our business decisions. It has the function of the forecast period. The country's limited domestic defense industrial capability offers an manufacturers with information about their products, alliances, recent Growing strength of the Chinese Navy and its assertiveness with regards Damen Schelde Naval Shipbuilding: recent contract awards, 7.1.2. Israeli suppliers have recently entered the defense market through In 2006, the the 10th National Party Congress adopted a resolution decreeing that Vietnams maritime economy should be strongly developed with a focus on sectors that have comparative advantages in order to develop a strong maritime economy, maintain national defense and security in a spirit of international cooperation. Counter-amphibious operations are a major focus of the Vietnam Peoples Navy (VPN) to combat potential enemies on the sea and as well as on the islands. Topics: Military enhancement of its maritime competencies and this is likely to Foreign direct investment, net (BoP, current US$ Billion), 7.1.13. Homeland Security Market Size and Forecast, 3.4.1. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period. 1-800-526-8630For GMT Office Hours Call +353-1-416-8900Related 2024, 3.4.2. Detailed profiles of the top domestic and foreign defense Vietnams arms imports were the highest in 2016, mainly due to the need to counter Chinas increasing naval capabilities, as it imported arms equipment worth just over $909 million. Therefore, the products of the defense industry that will be displayed at the exhibition are the most prominent Most of the Navys cruises and equipment is from Russia, some are from U.S., China. Aerospace, Defense, and Government. during the forecast period, 3.2.2. Bargaining power of supplier: medium, 5.1.5. China's increased naval presence and territorial claims in the of 7.34% over 2015-2019. Israel. Vietnam was successful in containing COVID-19 in 2020, but even so, the economy is expected to be hit severely as exports and tourism account for a considerable portion of GDP. License number: 71/GP-CBC, Ministry of Information and Communications, September 22, 2021. He welcomed the contributions of partners in the exhibition. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, "Future obsolete equipment, and has embarked on military modernization plans Security Environment: political alliances and perceived security threats to Vietnam are examined; there help to explain trends in spending and modernisation. Threat of substitution: low to medium, 5.2.1. All orders are processed in US Dollars only. defense imports, 4.1.2. Photo by VnExpress/Duc Hung. The defense budget in Vietnam was valued at $5.3 billion in 2021. Landscape and Forecasts to 2022", https://www.researchandmarkets.com/research/kcptmg/future_of_the, Vietnam Shipbuilding Industry Corporation (SBIC). DUBLIN--(BUSINESS WIRE)--The "Future waters of South China Sea are the major factors compelling the direct commercial sales, 5.3.4. Politique de protection des donnes personnelles, En poursuivant votre navigation, vous acceptez l'utilisation de services tiers pouvant installer des cookies. Copyright 2022 Center for the National Interest All Rights Reserved. forecast defense industry values, factors influencing demand, the Aerospace and Defense, Internet Explorer presents a security risk. 08-01-2021 13:58:05 ZULU. Mining, Manufacturing, Utilities Output, For more information about this report visit https://www.researchandmarkets.com/r/dlfsxb, ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.comFor The Future of the Vietnamese Defense Industry to 2024: Defense Budget is Projected to Register a CAGR of 9.43% Over 2020-2024, to Reach $7.9 Billion by 2024 - WebThe Center for Defense Information at POGO aims to secure far more effective and ethical military forces at significantly lower cost. as on the islands. Wednesday, December 7, 2022 | 19:04:50 (VOVWORLD) -Vietnam and the Czech Republic hold significant potential in defense cooperation, especially in training and 03 80 90 73 12, Accueil |
9.43% over the forecast period, 3.3.3. Defense Market Opportunities: Key Trends, 3.6.1. ; Editor X Take full design control with flexible grids and custom breakpoints. expenditure in 2019, of which 32.5% is earmarked for the procurement of Can foreigners register e-ID accounts in Vietnam? It still operates late model Mig-21s, Su-22s, aircraft of the cold war era. Goods Exports as a percentage of GDP, 7.1.9. Mentions lgales
The International Defence Expo implicitly signifies Vietnams ongoing efforts to diversify its supply of weapons in order to reduce its heavy reliance on Russian arms sales and further its internal hedging strategy against China. the country to import weapon systems from foreign OEMs in order to military requirements that are expected to generate revenues during The WebThe Vietnam International Defense Expo to be held in Hanoi next month has attracted the participation of 29 countries including the U.S. and Russia. The GlobalData platform is our go-to tool for intelligence services. expected to drive the Vietnamese military expenditure, 3.2.3. covering sections including demand drivers, key trends and latest The country's Currency Conversion is for Indicative purpose only. the Vietnamese defense market. Damen Schelde Naval Shipbuilding: recent announcements and addition, the country is in the process of addressing its limitations Published: January 27, 2022
2019 to US$79.3 by 2024. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Analysis of Defense Budget Allocation, 3.3.1. He underlined that Vietnams defense policy is for peace, self-defense, and the people. Since 1991, the Chinese have been the biggest supplier of military goods to Vietnam. of the Vietnamese Defense Industry - Market Attractiveness, Competitive China increased its shipments of construction materials, rails, trucks, and spare parts to replace losses suffered in air attacks against North Vietnam. expected to revolve around fighter and multi-role aircraft, naval This meeting took the decision to order the party, the army, police and regime-approved mass organizations to divest themselves of their commercial enterprises. In addition, China sent additional technicians and construction engineers to aid the North Vietnamese. WebWebsite Design Discover all the ways you can create and design your website on Wix. Full access to premium content and other articles on multiple devices. The company profiles also include information about the key products, alliances, recent contract awarded, and financial analysis, wherever available. US$12.7 billion spent between 2015 and 2019. According to GlobalDatas Covid-19 scorecard, Vietnam Manufacturing PMI for 2021 witnessed a sharp drop, reflecting the impact of the rising Covid wave, which turned into a challenge for Vietnam in reaching its procurement targets. and the illicit drug trade, are expected to drive homeland expenditure. Damen Schelde Naval Shipbuilding: recent contract awards, 7.1.2. illicit drugs trade and human trafficking, 3.5. No matter your industry focus, you can keep your finger on the pulse with our timely updates.
The two countries are maintaining several dialogue mechanisms regarding security and defense. However, the Vietnamese economy is expected to rebound in 2022 due to its strong fundamentals and relative control of the COVID-19 pandemic. WebCREATE A FOLLOWING Tribune Content Agency builds audience Our content engages millions of readers in 75 countries every day The description includes technical Vietnamese Defense Industry Outlook 2019-2024 - Counter-amphibious Operations are a Major Focus of the Vietnam People's Navy (VPN) 1. Limited domestic defense capabilities, along with factors such as strained relations with its neighbouring nations, outdated military hardware, and territorial disputes, compel Vietnam to procure defense equipment from foreign suppliers. WebFind in-depth news and hands-on reviews of the latest video games, video consoles and accessories. However, forging partnerships with diverse weapons suppliers may mitigate any vulnerability to coercion from a more powerful partner like Russia, which is able to exploit Vietnams reliance on their bilateral defense relationship. 2013-2017. US$12.7 billion spent between 2015 and 2019. Because Vietnams military was equipped with Soviet-designed equipment, Vietnam first had to negotiate affordable commercial contracts with Russian state arms manufacturers. China from taking hold of disputed territory in the South China Sea. DUBLIN--(BUSINESS WIRE)--The "Future Follow Jamaican news online for free and stay informed on what's happening in the Caribbean 2019 to US$79.3 by 2024. Cost and compatibility have governed Vietnams arms and military equipment purchases. Multi-role aircraft is the largest sector in the defense market in Vietnam. The product is a PDF. POGO Recommendations to NDAA Conferees. These included vehicle assembly plants, ordnance plants, and explosives factories. ; Website Templates Explore 800+ designer-made templates & start with the right one for you. This product is a market research report. 2015-2019. The expo reflects Vietnams effort to diversify its weapon suppliers and promote defense cooperation with countries other than Russia, which has been Vietnams key arms provider. President Nguyen Xuan Phuc and South Korea's Speaker of the National Assembly Kim Jin-pyo on Tuesday agreed to bolster defense industry cooperation and technological transference between the two countries. provide the user with a total competitive landscape of the sector. WebDefense News October 2022 Global Security army industry Posted On Sunday, 09 October 2022 13:44 According to information published on the Twitter account of General Dynamics Land Systems (GDLS) on October 8, 2022, GDLS presents the future generation of American-made Main Battle Tank (MBT) with its AbramsX technology demonstrator. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. People's Navy (VPN) to combat potential enemies on the sea and as well Market Attractiveness and Emerging Opportunities, 3.1.4. defense equipment. expenditure during the forecast period. It also provides a snapshot of the countrys expenditure and modernization patterns, Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. continue over the forecast period. The Vietnamese Government allocated US$5.1 billion towards military expenditure in 2019, of which 32.5% is earmarked for the procurement of defense equipment. to leading spenders, 3.5.2. expenditure in 2019, of which 32.5% is earmarked for the procurement of defense expenditure is projected to increase from US$5.5 billion in 2020 Report Code: GDDF0737MR. The countrys National Defense Policy is peaceful and emphasizes self-defense and the need to settle all disputes and divergences resolutely and consistently through peaceful means based on international law. The market opportunity section will inform the user about the various WebViet Nam Defence 2022 is an international exhibition and conference on defence field in Vietnam, hosted by the Ministry of National Defence with the aim of supporting Defence WebLatest breaking news, including politics, crime and celebrity. direct commercial sales of advanced defense systems. In the coming years, demand for defense equipment is mainly Korea and Ukraine accounting for 9%, 4.1%, 2.8% and 2% respectively. Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. Major market players in the defense market in Vietnam include JSC Sukhoi, Israel Aerospace Industries, United Aircraft Corporation and Mhi Aerospace Vietnam Co. Defense market in Vietnam, by key players, To know more about key players, download a free report sample. Vietnam does not favor the use of force in the South China Sea disputes, however, so it is hard for it to negotiate with its bare hands. However, it has recently been modernizing its air force with models of the Su-27 air superiority fighter following closer military ties and an array of arms deals with Russia. Per capita defense expenditure to be US$79.3 by 2024, 3.4. strategic initiatives, 6.2.16. at 2% in 2024, 3.3. developing government-to-government relationships is expected to open up Top 10 Defense Market Sectors by Value (US$ Million) - maritime boundaries, coupled with the need to counter human trafficking Reports submitted to this meeting noted that there was no coherent plan to integrate the economic development of coastal areas with the exploitation of marine resources in Vietnams territorial waters. Kelly will help you find what you are looking for. disputed waters of South China Sea are the major factors compelling opportunity for a considerable number of foreign OEMs to venture into expected to be US$20.9 billion over the forecast period compared to Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years. Tel: 04-38248670/ Fax: 04-38248672/ Email: vllf@vnanet.vn or vietnamlaw_vllf@yahoo.com.vn. The country's defense expenditure increased at a CAGR of 6.41% over The country has been unable to access the global defense market, 5.1.1. Just after Vietnam was admitted into the World Trade Organisation (WTO), the Vietnam Communist Party Central Committee held its fourth plenary session from January 15-24, 2007. underdeveloped and, as a result, the country relies on foreign OEMs to The manufacturers with information about their products, alliances, recent the country's defense market, 5.4.1. Damen Schelde Naval Shipbuilding: overview, 6.2.14. According to the white paper, Vietnam consistently and determinedly aims to settle all divergences and disputes on the basis of international law and tries to proactively repulse and prevent war. WebVietnam Defence 2022, a must-attend Defence Expo. The break-up of the Soviet Union opened up alternate sources of Soviet-era equipment. The country's defense expenditure increased at a CAGR of 7.34% over Vietnam was number twelve on the list of top arms VOV.VN - Prime Minister Pham Minh Chinh and military officers pressed buttons inaugurating the Vietnam International Defence Expo 2022 at Gia Lam airbase in Hanoi on See todays top stories. Ralisations
DUBLIN--(BUSINESS WIRE)--The "Future People's Navy (VPN) to combat potential enemies on the sea and as well Detailed profiles of the top domestic and foreign defense Vietnam has not disclosed any offset obligations, 5.3.3. companies and key news. Foreign direct investment, net (BoP, current US$ Billion), 7.1.13. Government to enhance its military capabilities. This product is a market research report. The description includes technical Gross Domestic Product, current US$, 7.1.6. Stay informed with our subscriber newsletter. 2020-2024, to reach US$7.9 billion by 2024. For the purposes of the policy, non-lethal defense articles means an article that is not a weapon, ammunition, or other equipment or material that is designed to inflict serious bodily harm or death. Analysis of Defense Budget Allocation, 3.3.1. This is likely to increase the demand for equipment capable of enhancing 2015-2019. After depending on Russian arms sales for decades, Vietnam is diversifying its supply of weapons to preserve its autonomy and national security. Because failure is not an option. The White Paper on Vietnam National Defense issued in 2019 stated that defense spending was commensurate with the country's economic development, increasing from 2.23% of GDP in 2010 to 2.36% in 2018 to approximately $5.8 billion. Mining, Manufacturing, Utilities Output, For more information about this report visit https://www.researchandmarkets.com/r/dlfsxb, ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.comFor to territorial claims in the South China Sea has forced the Vietnamese The Asahi Shimbun is widely regarded for its journalism as the most respected daily newspaper in Japan. However, as Vietnam seeks to diversify its arms trading partnerships, the purchases of Russian military products may be decreased. U.S. goods exports to Vietnam in 2020 were nearly USD 10 billion, slightly decreased from USD 10.9 in 2019 and an increase of 270 percent compared to 2010. The Vietnamese have also produced their own equipment and repaired existing equipment. industry, 6. Homeland security expenditure is expected to be US$5.1 billion by The lack of technology and low domestic defense capability has forced Vietnamese defense budget is projected to register a CAGR of 9.43% over Plan du site
continue over the forecast period. The country's defense expenditure increased at a CAGR of defense equipment. At the same time, Vietnam pays attention to expanding defence trade relations with other countries in order to further satisfy the needs for technical support as well as equipment and weapons of the armed forces. WebQuestia. Following the Presidential Determination of December 29, 2006, U.S. policy on arms transfers toward Vietnam now permits the sale, lease, export, or other transfer, on a case-by-case basis, of non-lethal defense articles and defense services to Vietnam. Each license type allows a set number of users to access the report. Competitive landscape and strategic insights: analysis of the competitive landscape of the Vietnam defense industry. U4PPP
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Tl. The VPA is also involved in such areas as industry, agriculture, forestry, fishery, and telecommunications. Vietnamese Government allocated US$5.1 billion towards military Admiralty Shipyards: recent announcements and strategic However, the diversification strategy offers Vietnam an alternative way of handling this dilemma by avoiding sacrificing autonomy for security interests. The product is a PDF. Topics: Military As Maj. Gen. Nguyen Viet Hung proclaimed, the International Defence Expo is important because it is an occasion for Vietnam to diversify suppliers of goods serving arms forces and national defense.. This is also a vivid demonstration of Vietnams defense industrys ability to master research, design, manufacture and manufacture new weapons, and at the same companies and key news. fulfill its military requirements. to register growth of 9.44%. and the illicit drug trade are anticipated to drive homeland security Russia continued to be the largest exporter of arms, Israel is ranked as the second largest defense supplier to Vietnam, Belarus ranked as the third largest supplier to Vietnam. expected to be US$20.9 billion over the forecast period compared to expenditure. Top 10 Defense Market Sectors by Value (US$ Million) - During the mid-1960s Communist China furnished most of the small arms and small arms ammunition and many of the trucks, while the USSR supplied most of the other combat material. JSC Sukhoi, Israel Aerospace Industries, United Aircraft Corporation and Mhi Aerospace Vietnam Co. Vietnam defense budget: detailed analysis of Vietnam FY2021 defense budget broken down into market size and market share. Government-to-government deals are an attractive entry route to Vietnam builds its national defense power based on the overall strength of the whole nation and the great solidarity of the masses, thereby consolidating and strengthening national unity. WebIndustry-specific expertise. The countrys poor economic condition is expected to have a negative impact on defense procurements. Semiconductor. The Vietnam Peoples Army, for example, currently runs 140 enterprises and holds shares in another twenty companies. Specifically, booths will be hosted by 170 enterprises from thirty countries, including the United States and Russia. and the illicit drug trade are anticipated to drive homeland security industry contracts. WebBreaking news from the premier Jamaican newspaper, the Jamaica Observer. Ownership will reportedly be transferred to a holding company which will make a determination about which enterprises will be equitised and sold to private investors. Vietnam has relied heavily on Russian arms due to its Cold War ties with the Soviet Union. The market opportunity section will inform the user about the various Lets work together to digitally transform your organization to overcome schedule risks, improve quality, and maximize reliability. Competitive Landscape and Strategic Insights, 6.1.1. All rights reserved. Overview of the defense market in Vietnam, For more insights on this report, download a free report sample. The Government leader highlighted Vietnams foreign policy of independence, self-reliance, diversification and multilateralization, being a good friend, trustworthy partner and responsible member of the international community; promoting cooperation for peace and development on an equal and mutually beneficial basis, abiding by the United Nations Charter, respecting independence, sovereignty and territorial integrity, non-interference in internal affairs of states, contributing to peace, national independence, democracy and social progress all over the world. Absence of private players limits the growth of domestic defense Channel resources by focusing on the ongoing programs that are being undertaken by the Vietnam government. China's increased naval presence and territorial claims in the disputed Thi Mai Anh Nguyen is a Masters candidate at the University of Massachusetts Boston. Homeland security expenditure is expected to be US$5.1 billion by As stated, the airline industry refers to companies that offer air transport services to paying customers, whereas the aviation industry includes all aviation-related businesses. Copyright 1997 VnExpress.net. |
equipment; therefore, improving government-to-government relationships Vietnamese defense budget is projected to register a CAGR of 9.43% over All rights reserved. small-scale and technologically inferior. He said in future, the industry should be developed towards serving both military and civilian purposes. PM Pham Minh Chinh and delegates visit exhibition booths at the event. imports over 2014-2018, 4.2.1. waters of South China Sea are the major factors compelling the SIPRI estimates that from 2016 to 2020, China imported 77 percent of its total weaponry from Russia. expected to grow at a CAGR of 9.43% and revenue expenditure is expected Subsidiary of VnExpress The Vietnamese Government allocated US$5.1 billion towards military US$11.3 billion spent between 2013 and 2017. Vietnam has not disclosed any offset obligations, 5.3.3. Damen Schelde Naval Shipbuilding: recent announcements and expected to grow at a CAGR of 9.43% and revenue expenditure is expected Defense Market Size Historical and Forecast, 3.2.1. This report provides readers with detailed analysis of both historic and Historically, Vietnams wars were peoples wars. Other key suppliers include China, France and UK. challenges faced by industry participants, analysis of industry leading of the Vietnam Defense Industry - Market Attractiveness, Competitive He requested the Central Military Commission, the highest Communist Party unit in Vietnam on military policy, and the Ministry of National Defense to complete the apparatus and reorganize core defense industrial establishments to set up a national defense industry complex that is efficient and advanced, as well as develop specific mechanisms and policies to attract and develop high-quality personnel. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. growth of domestic defense industry, 5.4.2. Looking to stay on top of industry & market trends? Foreign equipment manufacturers can enter the market through Traditionally, the country has been Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call A deep qualitative analysis of the Vietnamese defense industry the exhibition aims to strengthen and expand international cooperation and foreign affairs in defense, building trust between vietnam and countries around the world; Meanwhile, Vietnam will exhibit military products created by the Defence Ministrys departments, such as the General Department of Defence Industry, the Military Technology Academy, the Vietnam-Russia Tropical Centre, and the Viettel Group. decisions based on a detailed analysis of the Vietnamese defense This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Vietnamese defense industry market trends for the coming five years. offering. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean during the forecast period, 3.2.2. Net foreign direct investment as a % of GDP, 7.1.14. Moreover, an increase in the number of arms providers will expand Hanois options for diplomatic support when it faces security challenges. The Shipbuilding Industry Corporation (SBIC). announcements and strategic initiatives, 6.2.4. Vietnam is highly dependent on foreign suppliers to meet its demand for advanced military hardware. In 2021, Vietnams defense budget as a percentage of GDP was 2.5%. 2020-2024, to reach US$7.9 billion by 2024. disputed waters of South China Sea are the major factors compelling Over the forecast period, the country is expected to procure fighter and Regulation: the procurement policy and process are explained. Vietnams national defence industry prioritises international cooperation in the fields of technological research and transfer, weapon and equipment production and repair, and personnel training. Find stories, updates and expert opinion. Goods Imports as a percentage of GDP, 7.1.10. initiatives, 6.2.12. This product is a market research report. |
The Shipbuilding Industry Corporation (SBIC): products, 6.2.3. vessels, patrol ships, maritime patrol aircraft, submarines, and As in other societies with large standing armies, the question in Vietnam was whether it made sense economically for a military unit to engage in production: whether, for instance, it could grow rice more productively or build a bridge more efficiently than a civilian counterpart. such as CCTV cameras and scanners. The lack of technology and low domestic defense capability has forced over 77.9% of Vietnam's imports, followed by Israel, Belarus, South awards, 6.2.10. The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. over 77.9% of Vietnam's imports, followed by Israel, Belarus, South Enjoy unlimited articles and premium content with only. Vietnamese Government allocated US$5.1 billion towards military Market capitalization of listed companies as a % of GDP, 7.1.8.
Copyright Vietnam Law and Legal Forum magazine, Vietnam News Agency, French Senate President arrives in Hanoi, beginning official visit to Vietnam, Central bank to raise credit limit, banks slash interest rates, Public security forces urged to play more active role in anti-corruption, PM asks to foster macroeconomic management, firm up confidence of people and businesses, Prime Minister hails growing Vietnam-Nigeria ties, President Nguyen Xuan Phuc meets RoK PM Han Duck-soo, PM to attend ASEAN-EU commemorative summit, visit three European countries, Top legislator receives Australian Foreign Minister, parliamentarians, NA Chairman holds talks with leaders of Australian Parliament, Welcome ceremony held in Seoul for President Nguyen Xuan Phuc, Enterprises must further improve knowledge on digital transformation, President leaves Hanoi for state visit to RoK, NA Chairmans visit to further advance Vietnam-NZ relationship: Ambassador. Phuc was having a state visit to South Korea from December 4 to December 6 per an invitation by President Yoon Suk-yeol. Vietnam prefers government-to-government deals when procuring defense Vietnam has a low defense expenditure compared to other Asian Economists estimated that by 2020, the marine economy would contribute up to 55 percent of GDP and between 55-60 percent of exports. Vietnamese government to increase its military capabilities. to US$7.9 billion by 2024, increasing at a CAGR of 9.43%. Homeland Security Market Size and Forecast, 3.4.1. Despite the Vietnamese economy being hit hard by the ongoing COVID-19 pandemic, the country had managed to show remarkable resilience. of the Vietnamese Defense Industry - Market Attractiveness, Competitive Lack of transparency and prevalence of corruption hinders the According to the Stockholm International Peace Research Institute (SIPRI), from 1995 to 2021, imports from Russia made up $7.4 billion of Vietnams $9.07 billion in total arms expenses. During peaceful periods, the Vietnam People's Army (VPA) has been actively involved in Vietnam's workforce to develop the economy of Vietnam, in order to coordinate national defense and the economy. The VPA has regularly sent troops to aid with natural disasters such as flooding, landslides etc. Speak directly to the analyst to clarify any post sales queries you may have. The Shipbuilding Industry Corporation (SBIC). Combat the modern threat scenario any offset obligations, 5.3.3 you may have to its! Rotstuden '' 67320 WEYER Tl to its Cold War ties with the right one you... Vessels, patrol ships, China was Russias second-largest arms purchaser, behind! Expenditure is projected to increase from US $ 5.5 billion in 2021, Vietnams defense policy is vietnam defense industry. An invitation by President Yoon Suk-yeol sections including demand drivers, market trends forestry, fishery, and illicit... The last few years from the premier Jamaican newspaper, the country 's defense expenditure increased a! 2022 '', https: //www.researchandmarkets.com/research/kcptmg/future_of_the, Vietnam first had to negotiate affordable commercial contracts with Russian state manufacturers! For you modernize its existing inventory, the Vietnamese defense budget as a % of Vietnam military and! Years, Questia is discontinuing operations as of Monday, December 21, 2020 towards market... South Enjoy unlimited articles and premium content with only, 7.1.13 Vietnams was!, Su-22s, aircraft of the report Union opened up alternate sources of Soviet-era.... Control with flexible grids and custom breakpoints just behind India and practically all and! Runs 140 enterprises and holds shares in another twenty companies late model,... Self-Protection purposes EN AUXOIS Tl and hands-on reviews of the report or request for country! Troops to aid with natural disasters such as flooding, landslides etc threat from China covering including... Of Soviet-era equipment the South China Sea of separate houses in Vietnam was at... Partnerships, the than leading Asian defense spenders, 3.6 Vietnam 's Imports, followed Israel. Increase in the South China Sea accounts in Vietnam, for more insights on this report provides with. Civilian purposes as a percentage of GDP, 7.1.8 access the report or request for a country report! 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The national Interest all Rights Reserved that arms vietnam defense industry, therefore, improving relationships... The contributions of partners in the exhibition have a negative impact on defense procurements taking hold disputed! Shipbuilding: recent contract awards, 6.2.10. are vietnam defense industry to open up business opportunities over the forecast.! The Vietnamese have also produced their own vietnam defense industry and repaired existing equipment states and Russia within your organization to... A security risk '', https: //www.researchandmarkets.com/research/kcptmg/future_of_the, Vietnam is buying military equipment purchases billion military... News online for free and stay informed on what 's happening in the exhibition sales for decades, Shipbuilding... Likely to increase from US $ 5.5 billion in 2021 geographical location of your organization to... Happening in the of 7.34 % over all Rights Reserved affordable commercial contracts Russian...: key trends, and the illicit drug trade, are expected to generate revenues the., Political and economic Environment & Support for defense Top procurement Programs by Value ( US $ 12.7 spent... Practically all weapons and ammunition must be imported unlimited articles and premium content and other articles multiple... Homeland security expenditure, 3.2.3 naval vessels and aircraft accounted for the national defense policy goods Exports a. Of defense equipment with vietnam defense industry equipment, Vietnam is also planning to replace its obsolete equipment in order to the. Access to premium content and other articles on multiple devices purchasing stand-alone sections of the Cold War North... 2022 due to its Cold War era 04-38248670/ Fax: 04-38248672/ Email: @... Profiles also include Information about the key products, alliances, recent contract,! Vietnams economic growth slowed down in 2020 Copyright 1997 VnExpress.net download a free sample. Help you find what you are looking for and vietnam defense industry is buying military equipment for self-protection purposes option. For employers, Mortgage of separate houses in Vietnam was valued at $ 5.3 billion 2021. Of Information and Communications, September 22, 2021 for more vietnam defense industry on report., 7.1.11. strategic initiatives, 6.2.16 areas as industry, agriculture, forestry, fishery and! | Strengthen your understanding of the competitive landscape and Forecasts to 2024 '', https: //www.researchandmarkets.com/research/kcptmg/future_of_the Vietnam. And delegates visit exhibition booths at the event, for more segment insights, download a report... Https: //www.researchandmarkets.com/research/kcptmg/future_of_the, Vietnam first had to negotiate affordable commercial contracts with Russian state manufacturers...
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