(MENAFNEditorial)
The Vietnamese defence sector is quickly opening up to foreign companies. Rising tension with China necessitates development of new defence relationships as well as modernisation and expansion of the national defence forces. Meanwhile strong economic growth is increasing the financing available for procurement of new military hardware .
Vietnam is involved in territorial disputes with China in the South China Sea most notably over the Spratly and Parcel Islands. Tensions reached a new high in May which resulted in a two month stand-off between opposing naval forces and small scale skirmishes between vessels. Tension came to a head in August when a Vietnamese envoy to Beijing successfully ended the stand-off. Relations remain fraught however and China is likely to exert economic pressure on its neighbour which could have serious consequences for Vietnamese defence capabilities.
Beijing's increasing assertiveness has had a pronounced effect on Vietnam's defence policy over the past decade. Indeed between 2005 and 2012 Vietnam's defence spending doubled. As with most other neighbouring countries regional tensions have ensured that defence sales have remained buoyant despite various economic challenges. Over the past few months Vietnam has taken delivery of a number of pieces of defence equipment from other countries and has sought to increase ties with the US.
Full Report Details at
- http://www.fastmr.com/prod/888220_vietnam_defence_security_report_q4_2014.aspx?afid=101
Given this increasing appetite for new defence equipment as a result of rising tensions with China in the South China Sea Vietnam has become a key market for a range of countries. While Moscow has always been Hanoi's primary defence partner due to the latter's reliance on Soviet-era equipment a number of European defence companies are also expanding ties with the country. Airbus Helicopter French naval company DCNS and European missile-maker MBDA are all reportedly looking to win contracts in Hanoi.
Defence ties with the US have continued to strengthen following US Secretary of...
The Vietnam Defence & Security Report features Business Monitor International (BMI)'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
A strategic overview of the world's major political risks identifying countries facing leadership successions and nations at risk of upheaval inter-state conflict or separatism and insurgencies plus a summary of the world's 'wild card' low-probability high-impact risks.
SWOT Analysis
Snapshot evaluation of the major issues affecting the defence and security sectors economy and politics with issues subdivided into 'Strengths' 'Weaknesses' 'Opportunities' and 'Threats'.
Political Risk Assessment
Drawing on BMI's heritage of more than 25 years of Country Risk analysis this comprehensively evaluates the key risks to domestic politics and foreign relations focusing on issues most likely to affect either domestic security or the defence sector.
Security Risk Analysis
BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict terrorism and criminal risk backed up by our analyst's latest assessment of each component. Furthermore drawing on our country risk expertise we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.
Armed Forces Spending/Expenditure
The reports contain a detailed breakdown of areas of expenditure by the armed forces these include spending on international deployments WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.
Domestic Security Overview
The domestic security overview lists the various potential internal security threats facing a country ranging from internal security issues such as terrorism cyber terrorism crime and drugs to external security issues including general defence procedures and potential threats from specific countries.
BMI Industry Forecast Scenario
Historic data series and forecasts to end-2018 for key industry indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast.
Budgets & Expenditure: Defence expenditure (local currency and US$bn); defence expenditure (% of total budget); defence expenditure (% of GDP); defence expenditure per capita US$; defence budget (local currency and US$bn).
Employment: Employment in arms production (`000s); employment in arms production (% of labour force).
Macroeconomic: BMI's forecasts and analysis of all headline macroeconomic indicators including real GDP growth inflation fiscal balance trade balance current account and external debt.
Company Profiles
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts we provide quick and easy access to the best competitive intelligence available. Our unbiased expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.