VIDSE 2020

Growing opportunities in Vietnam

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Growing opportunities in Vietnam

With an increased budget, Vietnam is expected to replace older equipment and introduce new and modern capabilities. As a result, it is opening up significant opportunities for the defense and security industry to meet Vietnam’s capability requirements.

The country’s defense budget is expected to increase from US$5 billion in 2018 to US$7 billion by 2022. With almost half a million active personnel, the Vietnam defense and security market has immense potential for the defense industry. Vietnam is also strengthening its Police and national security, with an increased budget to US$4.5 billion by 2024.

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Growing Defense & Security Expenditure

LAND

LAND

US$200-300 million procurement annually by 2024

AIR

AIR

US$400-600 million procurement annually by 2024

SEA

SEA

US$300-400 million
procurement annually
by 2024

NATIONAL SECURITY

NATIONAL SECURITY

US$4.5 billion
procurement annually
by 2024

Growing Defense Expenditure

Vietnam Defense Expenditure next 5 years

How VIDSE supports your business in Vietnam

Meet senior military from all branches of the People’s Army of Vietnam (PAVN) and industry leaders

Engage with invited military delegations and VIP’s from across the ASEAN region

Build relationships with specialist procurement agencies working directly with and for the PAVN