Future of the Vietnamese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Date: 2015-08

“• Over the historic period, Vietnam’s defense expenditure registered a CAGR of 14.25%; between 2016 and 2020, the defense budget is expected to grow at a CAGR of 7.51%

• The country’s total defense expenditure during the forecast period is expected to be US$34.1billion

• The average share of capital expenditure is expected to be 33% over the forecast period, compared to an average share of 32.1% during 2011–2015

• Over the forecast period, the country’s budget for homeland security is expected to be US$16.2 billion cumulatively

• The key areas of investment are expected to be corvettes, submarine, and surveillance equipment”


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