2023: Vietnam's arms imports declined significantly, according to SIPRI, despite a $1bn budget, with no major purchases made.
Vietnam's arms imports slowed significantly in 2023, according to data from the Stockholm International Peace Research Institute (SIPRI). Despite an estimated $1bn budget for annual weapons imports, Vietnam made no new major purchases last year. With regional tensions increasing, particularly between China and Taiwan, experts warn that Vietnam may be vulnerable in a large-scale conflict due to its lack of modern weaponry.
March 14, 2024
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