EconomyLens.com
No Result
View All Result
Friday, August 15, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

US, European, Chinese firms seek to draw Vietnam arms deals from Russia

Emma Reilly by Emma Reilly
December 19, 2024
in Business
Reading Time: 4 mins read
A A
2
49
SHARES
615
VIEWS
Share on FacebookShare on Twitter

Vietnamese military officials look at an anti-aircraft missile launcher and ammunition during a defence expo in Hanoi. ©AFP

Hanoi (AFP) – Major US weapons manufacturers including Boeing and Lockheed Martin, along with Europe’s Airbus and Chinese firms, put their wares on show at an arms fair in Hanoi Thursday as Vietnam looks to diversify its defence supplies away from Russia. A US Air Force A-10 Thunderbolt attack aircraft and a C-130 Super Hercules transport were on the tarmac at Hanoi’s Gia Lam military airfield for the event.

Related

LA 2028 to sell venue name rights in Olympic first

NBA approves $6.1bn sale of Boston Celtics

Striking Boeing defense workers turn to US Congress

Fortnite developer claims win against Apple and Google

EU ready to do plastic pollution deal ‘but not at any cost’

Thousands of people attended, including hundreds of uniformed Vietnamese soldiers, some of whom posed for selfies with US troops, ahead of next year’s 50th anniversary of the end of the Vietnam War. The defence expo featured Chinese firms for the first time, including major state-owned defence conglomerate Norinco, or China North Industries Corporation.

Successive Vietnamese governments have been heavily reliant on arms supplied by Russia for decades. The country accounted for more than 80 percent of Vietnam’s arms imports between 1995 and 2023, according to data from the Stockholm International Peace Research Institute (SIPRI). But imports from Russia have dropped off in recent years amid international sanctions over its invasion of Ukraine.

“The war in Ukraine has exposed the vulnerabilities of relying too heavily on Russian arms,” said Nguyen Khac Giang, a visiting fellow at the ISEAS–Yusof Ishak Institute in Singapore. “Diversification isn’t just a necessity, it’s an opportunity for Vietnam to upgrade to more advanced systems while reducing dependence on any single partner,” Giang said. “The expo is Vietnam’s way of signalling it’s open to new partnerships.”

Boeing and Lockheed Martin were among 14 American companies at the fair, while two exhibitors were Chinese and others were from Germany, Iran, Israel, and Ukraine, as well as Russia. As well as aircraft, they put on display tanks, missiles, drones, firearms, and radar systems, including by several Vietnamese firms. At the opening ceremony, Vietnamese Prime Minister Pham Minh Chinh described the expo as “delivering a message of peace, cooperation, and shared development.”

© 2024 AFP

Tags: arms tradedefenseVietnam
Share20Tweet12Share3Pin4Send
Previous Post

Taiwan’s Foxconn in talks with Renault over Nissan stake: report

Next Post

US-based Friedkin Group complete Everton takeover

Emma Reilly

Emma Reilly

Related Posts

Business

Two dead, 10 hospitalized in Pennsylvania steel plant explosions

August 11, 2025
Business

EU clears Just Eat takeover by Dutch group Prosus

August 11, 2025
Business

Mexico seeks compensation from Adidas in cultural appropriation row

August 8, 2025
Business

Thyssenkrupp to spin off marine division amid defence boom

August 8, 2025
Business

Germany suspends arms exports to Israel for use in Gaza

August 11, 2025
Business

Israeli airline’s Paris offices daubed with red paint, slogans

August 8, 2025
Next Post

US-based Friedkin Group complete Everton takeover

Stock markets decline as Fed eyes fewer rate cuts

Portugal, Spain, France bust contaminated seafood ring

BoE holds interest rate after inflation rise

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Football and falls as first humanoid robot games launch in China

August 15, 2025

Stocks mostly higher before US-Russia summit

August 15, 2025

World’s first humanoid robot games begin in China

August 14, 2025

Five things to know about Nigeria’s oil sector

August 14, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.