PARIS 2009: Vietnam’s military market opens up


Vietnam’s military market has been thought of as a potentially big one for western defence contractors for a long while, and it could finally open up for them if Eurocopter lands a deal with the country’s navy to sell the EC225 (above) and EC155 (below) helicopters.

Lockheed Martin executives have already said that their F-16 could be offered to Vietnam late in the next decade when the country is expected to begin a new competition for fighters, while Boeing officials have also been wondering if there might be a market there for either the F/A-18E/F or F-15SE.

Ever since Vietnam opened up its economy, its dependence on the former Soviet Union and Russia has eroded and it is now a major investment destination for US and European companies. Its military market could be the next target for them.



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