Vietnam Defense Market – Attractiveness, Competitive Landscape and Forecast to 2025

The Vietnamese Defense Market -Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for maritime and border security market over the forecast period.

The Vietnamese defense expenditure recorded a CAGR of -0.47% over the historic-period and stood at US$4.9 billion in 2020. Territorial claims in the South China Sea and the increasing strength and assertiveness of the Chinese armed forces have spurred the Vietnamese government to enhance its military capabilities.

This report offers detailed analysis of the Vietnamese defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following –

– The Vietnamese defense industry market size and drivers: detailed analysis of the India's defense industry during 2021-2025, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns

– Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country

– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years

– Market opportunities:list of the top ten defense investment opportunities over the next 5 years

– Competitive landscape and strategic insights: analysis of the competitive landscape of the Vietnamese defense industry.


– Territorial dispute in South China Sea coupled with armed forces mordernization are expected to drive the defense expenditure over the forecast period.

– Vietnam’s major military equipment suppliers were Russia, Israel, and Belarus during 2015-2019

Reasons to buy

– Determine prospective investment areas based on a detailed trend analysis of the Vietnam defense market over the next five years

– Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Vietnam market and identify the opportunities offered.

– Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others

– Identify the major threats that are driving the Vietnam defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion

– Channelize resources by focusing on the ongoing programs that are being undertaken by the Vietnam government

– Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country.

– The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available

Companies mentioned

The Shipbuilding Industry Corporation (SBIC)


Admiralty Shipyards

DamenSchelde Naval Shipbuilding

Table of Contents

Table of Contents



1. Introduction

1.1. What is this Report About?

1.2. Definitions

1.3. Summary Methodology

1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

3.1. Current Market Scenario

3.2. Defense Market Size Historical and Forecast

3.3. Analysis of Defense Budget Allocation

3.4. Homeland Security Market Size and Forecast

3.5. Benchmarking with Key Global Markets

3.6. Defense Market Opportunities: Key Trends

4. Defense Procurement Market Dynamics

4.1. Import Market Dynamics

4.2. Export Market Dynamics

5. Industry Dynamics

5.1. Five Forces Analysis

5.2. Market Regulation

5.3. Market Entry Route

5.4. Key Challenges

6. Competitive Landscape and Strategic Insights

6.1. Competitive Landscape Overview

6.2. Key Companies

7. Business Environment and Country Risk

7.1. Economic Performance

8. Appendix

8.1. About GlobalData

8.2. Disclaimer

List of Tables

List of Tables

Table 1: Vietnam – Ongoing Development and Procurement Programs

Table 2: Vietnamese – FutureProcurement Programs

Table 3:Vietnamese top 10 Defense Procurement Programs by Value (US$ Million), 2020-2025

Table 4: Vietnamese Defense Cooperation

Table 5: Vietnamese Military Training Exercises

Table 6: Vietnamese Defense Expenditure (VND Trillion and US$ Billion), 2016-2025

Table 7: Vietnamese GDP Growth and Defense Expenditure as a Percentage of GDP Growth, 2016-2025

Table 8: Vietnamese Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Table 9: Vietnamese Defense Capital Expenditure (VND Trillion and US$ Billion), 2016-2025

Table 10: Vietnamese Per Capita Defense Expenditure (US$), 2016-2025

Table 11: Vietnamese Homeland Security Expenditure (VND Trillion and US$ Billion), 2016-2025

Table 12: Benchmarking with the World’s Largest and Top Regional Defense Spenders (US$ Billion), 2016-2020vs2021-2025

Table 13: Top Vietnamese Defense Market Sectors by Value (US$ Million), 2020-2025

Table 14: Top Defense Suppliers in theVietnameseDefense Industry – By Value (US$ Million), 2020-2025

Table 15: Competitive Landscape of the Vietnamese Defense Industry

Table 16: The Shipbuilding Industry Corporation (SBIC)- Product Focus

Table 17: The Shipbuilding Industry Corporation (SBIC) – Alliances

Table 18: The Shipbuilding Industry Corporation (SBIC) – Recent Contract Wins

Table 19: Sukhoi- Product Focus

Table 20: Sukhoi – Recent Contract Wins

Table 21: Admiralty Shipyards – Product Focus

Table 22: Admiralty Shipyards – Recent Contract Wins

Table 23: DamenSchelde Naval Shipbuilding – Product Focus

Table 24: Damen Schelde Naval Shipbuilding – Recent Contract Wins

List of Figures

List of Figures

Figure 1: Vietnam Defense Budget, 2021 and 2025

Figure 2: Vietnam Defense Imports (US$ million), 2015 and 2019

Figure 3: Vietnam’s Top Prospective Procurements/Developments

Figure 4: VietnameseNational Security Threats

Figure 5: Vietnam’s PartneringCountriesfor Defense Cooperation and Military Training

Figure 6: Vietnamese DefenseExpenditure (VND Trillion), 2016-2025

Figure 7: Vietnamese Defense Expenditure (US$ Billion), 2016-2025

Figure 8: Vietnamese GDP Growth vs Defense Expenditure as a Percentage of GDP Growth, 2016-2025

Figure 9: Vietnamese Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Figure 10: Vietnamese Defense CapitalExpenditure (VND Trillion), 2016-2025

Figure 11: Vietnamese Defense Capital Expenditure (US$ Billion), 2016-2025

Figure 12: Vietnamese Per Capita Defense Expenditure (US$), 2016-2025

Figure 13: Vietnamese Homeland Security Expenditure (VND Trillion), 2016-2025

Figure 14: Vietnamese Homeland Security Expenditure (US$ Billion), 2016-2025

Figure 15: Benchmarking with Key Markets,2016-2020 vs2021-2025

Figure 16: Benchmarking with World’s Largest and Top Regional Defense Spenders (US$ Billion), 2020 and 2025

Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2020

Figure 18: Land Based C4ISR Market Size (US$ Million), 2020-2025

Figure 19: Infrastructure Construction Market Size (US$ Million), 2020-2025

Figure 20: Facilities Management Market Size (US$ Million), 2020-2025

Figure 21: Vietnamese Defense Import Trend, 2015-2019 (TIV values)

Figure 22: Vietnamese Defense Imports by Country (%), 2015-2019

Figure 23: Vietnamese Defense Imports by Category (%), 2015-2019

Figure 24:Industry Dynamics Porter’s Five Forces Analysis

Figure 25: Budget Process

Figure 26: Key Challenges in Vietnam DefenseMarket

Figure 27: Vietnam Market Share Analysis, 2020-2025

Figure 28: Vietnam’s GDP per capita, 2015-2025

Figure 29: Vietnam’s Gross Domestic Product (Current US$ Billion), 2015-2025

Figure 30: Vietnam’s Exports of Goods and Services (LCU Billion), 2005-2014

Figure 31: Vietnam’s Imports of Goods and Services (LCU Billion), 2005-2014

Figure 32: Vietnam’s LCU per US$, 2015-2024

Figure 33: Vietnam’s Market Capitalization of Listed Companies (US$ Billion), 2005-2012

Figure 34: Vietnam’s Market Capitalization of Listed Companies as a % of GDP, 2005-2012

Figure 35: Vietnam’s Goods Exports as a Percentage of GDP, 2005-2013

Figure 36: Vietnam’s Goods Imports as a Percentage of GDP, 2005-2013

Figure 37: Vietnam’s Foreign Direct Investment, Net (BoP, Current US$ Billion), 2005-2013

Figure 38: Vietnam’s Net Foreign Direct Investment as a % of GDP, 2005-2013

Figure 39: Vietnam’s Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014


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