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Title : Vietnam Defense Expenditure in 2017
link : Vietnam Defense Expenditure in 2017

Vietnam Defense Expenditure in 2017

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22 September 2018

C-295M of the VPAF (photo : Sieu Viet)

The Vietnam Government allotted US$ 5 Billion towards military expenditure in 2017, of that 32.7% is earmarked for the acquisition of defense equipment. Additionally, the country is within the method of addressing its limitations with respect to combating trendy threat scenarios with its existing obsolete equipment, and has kicked off military modernization plans over the previous few years.

The country's defense expenditure increased at a CAGR of xx% over 2017-2023. Within the returning years, demand for defense equipment is principally expected to revolve around fighter and multi-role aircraft, naval vessels, patrol ships, maritime patrol aircraft, submarines, and surveillance equipment. The country's defense expenditure is predicted to extend at a CAGR of 7+%.

(MREngine)

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