The government of Vietnam has said it is preparing new policies and laws to support defence industrial development. One focus of the proposed regulations, which are expected to be introduced in the coming few months, will be to support greater levels of collaboration between foreign suppliers and domestic enterprises.
The Ministry of National Defence (MND) said in a statement on 3 June that future defence industrial development will be framed by the proposed ‘Ordinance on National Defence Industry’ and ‘Defence Industry Law’. The MND said the proposals were revealed by Vietnam’s Prime Minister Nguyen Xuan Phuc at a national defence industry conference in Hanoi.
Vietnam has announced newly proposed industrial policies that are expected to put heightened emphasis on collaborating with suppliers such as Russia, which has transferred several major platforms to the Southeast Asian country in recent years such as T-90S main battle tanks (pictured).
The new regulations, said the MND, will be geared towards enabling the country’s defence industrial base, which is dominated by state-run entities, to enhance self-sufficiency, support defence exports, create jobs, and support future economic expansion in the wake of anticipated constraints due to Covid-19.
“Over the coming few years – and in the face of rapid changes in the world, a developing regional situation, and the explosion of 4th Industrial Revolution technologies – the task of building and developing the defence industry is a national requirement,” said the MND.
Full details about the two new sets of regulations were not revealed by the MND. It indicated that these are being formulated by a dedicated state steering committee headed by the prime minister. However, the MND did highlight expected focus areas.
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