Vietnam Formulating New Policies to Support Development of Defense Industries

Jun 2020

The government of Vietnam is preparing new policies and laws to support the development of defense industries in Vietnam. According to Jane’s the policies are being formulated by a dedicated state steering committee headed by the prime minister and are expected to be introduced within the next few months. One of their focus areas will be supporting higher levels of cooperation between foreign suppliers and domestic enterprises.

Vietnam’s defense industrial base is primarily comprised of state-run entities. The new regulations are expected to focus on improving self-sufficiency, enhance defense exports, create jobs, and support future economic expansion.

(Source: Janes)

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