by Murray Hiebert • March 24, 2015
By Murray Hiebert & Phuong Nguyen
cogitasia – Vietnam boosted its military spending by 113 percent between 2004 and 2013, the largest increase among Southeast Asian countries. Defense spending has accounted for around 2 percent of the country’s gross domestic product since 2004. Total spending was $3.3 billion in 2012 and $3.4 billion in 2013 (the latest year for which figures are available), and according toIHS Jane’s, signed military procurement contracts in 2014 worth $1.4 billion. Continue reading Vietnam Ramps up Defense Spending, but its Challenges Remain



