Vietnam Defence and Security Report 2016 - Business Monitor International - Industry Reports

Vietnam Defence and Security Report 2016

Vietnam Defence and Security Report 2016 - Business Monitor International - Industry Reports
Vietnam Defence and Security Report 2016
Published Aug 27, 2016
40 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

� Business Monitor International Ltd Page -- defence policy was mainly characterised by a pacifist attitude, focused on simply maintaining its force size, and the domestic sector once again fell by the wayside. Now, with the increasing possibility of conflict breaking out imminently between China and Vietnam, the country once again remains unable to provide for its own defence requirements and also unable to allocate funding to the domestic industry. ...� Business Monitor International Ltd Page -- defence policy was mainly characterised by a pacifist attitude, focused on simply maintaining its force size, and the domestic sector once again fell by the wayside. Now, with the increasing possibility of conflict breaking out imminently between China and Vietnam, the country once again remains unable to provide for its own defence requirements and also unable to allocate funding to the domestic industry. A source of cost overruns for Vietnam s defence spending is the large active and reserve force size that it maintains. ...If tension subsides, defence spending will likely decrease and an increasing proportion of the defence budget will be allocated to the development of an indigenous defence sector. Overall, we expect defence expenditure to reach VND---.-trn (USD-.--bn) by ----, accounting for -.- of GDP.

...Vietnam s defence expenditure over recent years reflects the country s increasingly challenging regional security landscape. Owing to the rising threat that China poses to the country with its increasingly assertive activity in regard to sovereignty claims in the South China Sea, a policy of defence spending growth has largely been upheld over the past years. ...Nonetheless, the country s strong economic growth has thus far facilitated progress. Vietnam has been one of the fastest growing economies in Asia in recent years, with GDP growth averaging -.- annually between ---- and ----, and as a result, the country has been able to make large strides in upgrading its asymmetrical defence capabilities. In May ----, the US lifted its decades-old arms embargo on Vietnam. ...We forecast Vietnam s defence expenditure to rise -.- y-o-y to VND--.-trn (USD-.-bn) in ----, and --.- to VND---.-trn (USD-.-bn) in ----. Over the medium term to ----, we expect Vietnam to consistently post double-digit defence expenditure growth figures, reaching VND---.-trn (USD-.-bn) by ----.

...There is considerable demand for defence goods in Vietnam given the precarious state of its regional security environment. The Vietnamese armed forces maintain outdated Soviet-era armaments and the country s aerial and naval anti-access/area denial (A-/AD) capabilities are still lacking in the face of heightening tensions with China in the South China Sea. ...

  
Source:
Document ID
1749-1762
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Vietnam Defence and Security Report 2016" Aug 27, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Defence-and-Security-Report-2016-2026-35>
  
APA:
Business Monitor International - Industry Reports. (2016). Vietnam Defence and Security Report 2016 Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Defence-and-Security-Report-2016-2026-35>
  
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