New market study, "Vietnam Defence & Security Report 2015", has been published

From: Fast Market Research, Inc.
Published: Fri Sep 11 2015


We expect Vietnam's defence budget to continue increasing in absolute terms in the next five years. This will be driven by the country's need to significantly modernise its armed forces, in particular its navy, in order to counter maritime piracy and increase its military stance against China in the South China Sea. Despite this increase, however, the budget will remain limited compared to the significant changes that are 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 will remain limited for yet another few years.

Vietnam's 2009 Defence White Paper highlights a national defence policy that focuses essentially on the development of armed forces for the purpose of defending the country's sovereignty and integrity. Little to no priority is given to the development of a domestic defence sector built for the purpose of providing the armed forces with sufficient and adequate equipment to intervene overseas, or for with the aim of increasing exports. As a result, the domestic defence market has remained significantly under-developed, with the majority of the armed forces needs being fulfilled by imports from Russia, a policy that has been characterised by a constant deficit in Vietnam's defence trade balance. The domestic defence sector, state-owned, comprises primarily two main companies and has seen a number of corruption scandals affect the defence procurement process in recent years.

Full Report Details at
- http://www.fastmr.com/prod/1038368_vietnam_defence_security.aspx?afid=301

The Vietnam Defence & Security Report features BMI Research's independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Vietnam Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Vietnamese defence and security industry.

Key Benefits

* Benchmark BMI's independent defence and security industry forecasts on Vietnam to test other views - a key input for successful budgetary and strategic business planning in the Vietnamese defence and security market.
* Target business opportunities and risks in the Asia defence and security sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Asia.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

Global and Regional Political Outlooks

About Fast Market Research

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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