EconomyLens.com
No Result
View All Result
Monday, November 2, 2026
  • 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
50
SHARES
625
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

Ryanair to freeze wages, hike fares as fuel prices soar

ExxonMobil urged to re-think Papua New Guinea gas project

US oil companies aim to squeeze more out of refineries

Canada, EU launch new alliance with deals on Ukraine, minerals, AI

US jury hands win to Bayer in weedkiller cancer case

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
Share20Tweet13Share4Pin5Send
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

Carmaker Audi cuts outlook again on China, US woes

October 30, 2026
Business

Drugs giant AstraZeneca reveals higher profits, savings plan

October 30, 2026
Business

From minerals to AI, EU and Canada to forge new alliance

October 30, 2026
Business

Charity crowdfunds millions to buy historic English estate

October 29, 2026
Business

Utah files criminal charges against prediction market Kalshi

October 29, 2026
Business

Bugatti CEO to stop leaving keys inside cars after Chiron theft

October 29, 2026
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
  • 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

104

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

Stocks mixed as tech sector struggles to rebound from selloff

November 2, 2026

Bangladesh garment workers clash with police protesting higher wages

November 2, 2026

ExxonMobil urged to re-think Papua New Guinea gas project

November 2, 2026

South Korea to double spending on AI and chips in 2027

November 2, 2026
From EconomyLens

Clear insights, straight to your inbox.

Get the stories and perspectives shaping the economy.

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.

Your Privacy Choices

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
© 2026 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.