New Defense market report from Business Monitor International: "Vietnam Defence & Security Report Q4 2014"
Boston, MA -- (SBWIRE) -- 10/23/2014 -- 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.
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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.
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.
- 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).
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.
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
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