Future of the Vietnamese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Published : Apr-2019

No. of Pages : 92

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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
3.1.1. Primary threat perception
3.1.2. Military Doctrine & Strategy
3.1.3. Procurement Programs
3.1.4. Top Procurement Programs By Value (US$ Million) 2019-2024
3.1.5. Social, Political and Economic Environment & Support for Defense Projects
3.1.6. Political & Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Defense expenditure is projected to grow at a CAGR of 9.43% during the forecast period
3.2.2. Disputes in the South China Sea and military modernization are expected to drive the Vietnamese military expenditure
3.2.3. Defense expenditure as a percentage of GDP is expected to hover at 2% in 2024
3.3. Analysis of Defense Budget Allocation
3.3.1. Share of capital expenditure in the overall defense budget is expected to increase
3.3.2. Vietnam's capital expenditure is expected to grow at a CAGR of 9.43% over the forecast period
3.3.3. Per capita defense expenditure to be US$79.3 by 2024
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland security expenditure is expected to be US$5.1 billion by 2024
3.4.2. The main factors driving homeland security expenditure are the illicit drugs trade and human trafficking
3.5. Benchmarking with Key Global Markets
3.5.1. Vietnamese defense expenditure is expected to remain low compared to leading spenders
3.5.2. Vietnam has a low defense expenditure compared to other Asian countries
3.5.3. Vietnam's defense expenditure as a percentage of GDP is higher than leading Asian defense spenders
3.6. Defense Market Opportunities: Key Trends
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024
3.6.2. Naval Vessels - Frigates
3.6.3. Infrastructure Construction
3.6.4. Facilities Management
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Limited domestic defense capabilities drives the country's defense imports
4.1.2. Defense imports are expected to increase over the forecast period
4.1.3. Russia is a significant defense trade partner of Vietnam
4.1.4. Naval vessels and aircraft accounted for the majority of defense imports over 2014-2018
4.2. Export Market Dynamics
4.2.1. The country has been unable to access the global defense market
5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of supplier: medium
5.1.2. Bargaining power of buyer: low
5.1.3. Barrier to entry: medium
5.1.4. Intensity of rivalry: Medium
5.1.5. Threat of substitution: low to medium
5.2. Market Regulation
5.2.1. Vietnamese procurement rules focus on international collaborations
5.2.2. Vietnam has not disclosed any offset obligations
5.3. Market Entry Route
5.3.1. Budget Process
5.3.2. Procurement Policy and Process
5.3.3. Foreign equipment manufacturers can enter the market through direct commercial sales
5.3.4. Government-to-government deals are an attractive entry route to the country's defense market
5.4. Key Challenges
5.4.1. Lack of transparency and prevalence of corruption hinders the growth of domestic defense industry
5.4.2. Absence of private players limits the growth of domestic defense industry
6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
6.1.1. Vietnam Market Share Analysis, 2019-2024
6.2. Key Companies
6.2.1. The Shipbuilding Industry Corporation (SBIC): overview
6.2.2. The Shipbuilding Industry Corporation (SBIC): products
6.2.3. The Shipbuilding Industry Corporation (SBIC): recent announcements and strategic initiatives
6.2.4. The Shipbuilding Industry Corporation (SBIC): alliances
6.2.5. The Shipbuilding Industry Corporation (SBIC): recent contract awards
6.2.6. Sukhoi: overview
6.2.7. Sukhoi: products
6.2.8. Sukhoi: recent contract awards
6.2.9. Admiralty Shipyards: overview
6.2.10. Admiralty Shipyards: recent announcements and strategic initiatives
6.2.11. Admiralty Shipyards: products
6.2.12. Admiralty Shipyards: recent contract awards
6.2.13. Damen Schelde Naval Shipbuilding: overview
6.2.14. Damen Schelde Naval Shipbuilding: products
6.2.15. Damen Schelde Naval Shipbuilding: recent announcements and strategic initiatives
6.2.16. Damen Schelde Naval Shipbuilding: recent contract awards
7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. Gross Domestic per Capita
7.1.2. Gross Domestic Product, current US$
7.1.3. Exports of Goods and Services
7.1.4. Imports of Goods and Services
7.1.5. Local Currency Unit per US$
7.1.6. Market capitalization of listed companies (US$ Billion)
7.1.7. Market capitalization of listed companies as a % of GDP
7.1.8. Goods Exports as a percentage of GDP
7.1.9. Goods Imports as a percentage of GDP
7.1.10. Services Imports as a percentage of GDP
7.1.11. Services Exports as a percentage of GDP
7.1.12. Foreign direct investment, net (BoP, current US$ Billion)
7.1.13. Net foreign direct investment as a % of GDP
7.1.14. Mining, Manufacturing, Utilities Output
8. Appendix
8.1. About GlobalData
8.2. Disclaimer

List of Tables
Table 1: Vietnam - Ongoing Development and Procurement Programs
Table 2: Vietnamese - Future Procurement Programs
Table 3: Vietnamese top 10 Defense Procurement Programs by Value (US$ Million) 2019-2024
Table 4: Vietnamese Defense Cooperation
Table 5: Vietnamese Military Training Exercises
Table 6: Vietnamese Defense Expenditure (VND Trillion & US$ Billion), 2015-2024
Table 7: Vietnamese GDP Growth and Defense Expenditure as a Percentage of GDP Growth, 2015-2024
Table 8: Vietnamese Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 9: Vietnamese Defense Capital Expenditure (VND Trillion & US$ Billion), 2015-2024
Table 10: Vietnamese Per Capita Defense Expenditure (US$), 2015-2024
Table 11: Vietnamese Homeland Security Expenditure (VND Trillion & US$ Billion), 2015-2024
Table 12: Benchmarking with the World's Largest and Top Regional Defense Spenders (US$ Billion), 2015-2019 vs 2020-2024
Table 13: Top Vietnamese Defense Market Sectors by Value (US$ Million), 2019-2024
Table 14: Top Defense Suppliers in the Vietnamese Defense Industry - By Value (US$ Million) 2019-2024
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: Damen Schelde Naval Shipbuilding - Product Focus
Table 24: Damen Schelde Naval Shipbuilding - Recent Contract Wins

List of Figures
Figure 1 Vietnam Defense Budget: 2020 and 2024
Figure 2 : Vietnam Defense Imports: 2014 and 2018
Figure 3 : Vietnam's Top Prospective Procurements/Developments
Figure 4: Vietnamese National Security Threats
Figure 5: Vietnam's Partnering Countries for Defense Cooperation and Military Training
Figure 6: Vietnamese Defense Expenditure (VND Trillion), 2015-2024
Figure 7: Vietnamese Defense Expenditure (US$ Billion), 2015-2024
Figure 8: Vietnamese GDP Growth vs. Defense Expenditure as a Percentage of GDP Growth, 2015-2024
Figure 9: Vietnamese Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 10: Vietnamese Defense Capital Expenditure (VND Trillion), 2015-2024
Figure 11: Vietnamese Defense Capital Expenditure (US$ Billion), 2015-2024
Figure 12: Vietnamese Per Capita Defense Expenditure (US$), 2015-2024
Figure 13: Vietnamese Homeland Security Expenditure (VND Trillion), 2015-2024
Figure 14: Vietnamese Homeland Security Expenditure (US$ Billion), 2015-2024
Figure 15: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
Figure 16: Benchmarking with World's Largest and Top Regional Defense Spenders (US$ Billion), 2019 and 2024
Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 18: Frigates Market Size (US$ Million), 2019-2024
Figure 19: Infrastructure Construction Market Size (US$ Million), 2019-2024
Figure 20: Facilities Management Market Size (US$ Million), 2019-2024
Figure 21: Vietnamese Defense Import Trend, 2014-2018 (TIV values)
Figure 22: Vietnamese Defense Imports by Country (%), 2014-2018
Figure 23: Vietnamese Defense Imports by Category (%), 2014-2018
Figure 24: Industry Dynamics Porter's Five Forces Analysis
Figure 25: Budget Process
Figure 26: Key Challenges in Vietnam Defense Market
Figure 27: Vietnam Market Share Analysis, 2019-2024
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 Services Imports as a percentage of GDP, 2005-2013
Figure 38: Vietnam's Services Exports as a percentage of GDP, 2005-2013
Figure 39: Vietnam's Foreign direct investment, net (BoP, current US$ Billion), 2005-2013
Figure 40: Vietnam's Net foreign direct investment as a % of GDP, 2005-2013
Figure 41: Vietnam's Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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Future of the Vietnamese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

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