Aarkstore Market research enterprise entitles the new approach into a Market Research Report Titled "Future of Vietnamese Defense Industry "

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

Report provides an in-depth analysis of the following :

- Vietnamese defense industry market size and drivers
-Budget allocation and key challenges
-Import and Export Dynamics
-Market opportunities
-Competitive landscape

Scope:
-Conflicts in the South China Sea and the need to replace obsolete military equipment have driven Vietnam’s defense expenditure throughout 2014–2018 and are expected to do so over the forecast period. Vietnam’s defense budget grew from US$4.3 billion in 2014 to US$5.4 billion in 2018, at a CAGR 6.14%.

- The Vietnamese Government is expected to maintain a steady allocation of an average of 32.3% of defense budget for capital expenditure over the forecast period, which is same as average of 32.3% between 2014 and 2018.

- The country is expected to procure military equipment to boost its naval strength and maritime security in order to counter the threat from China’s growing naval strength in the South China Sea. In addition, Vietnam intends to procure military equipment such as corvettes, patrol vessels, frigates, submarines, aircraft, missiles, and armored vehicles as part of its modernization program.

Reasons to buy:

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of Vietnamese defense industry market trends for the coming five years.

- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period.

- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector.

- A deep qualitative analysis of Vietnamese defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

About Aarkstore Enterprise

Aarkstore curates global market research reports from various industry verticals and serves businesses worldwide. As market research report resellers, we at Aarkstore, partner with established publishers for both; syndicated data and customized reports. The market research data supplied by us is up-to-date and reliable for current day industry analysis and future market forecasts equally.

Avail market research reports from us and gathers critical information about customer preferences, market requirements, key drivers and challenges for your business to align your strategies with them. The comprehensive overview of the market provided will allow you to make insight-driven decisions giving you an upper hand in the competitive landscape.

For more details visit link: https://www.aarkstore.com/defense/962227/future-of-vietnamese-defense-industry-market-attractiveness-competitive-landscape-forecasts-2023

Category: Defence Market Research
Aarkstore Enterprise
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