Vietnam plans to set up weapons manufacturer
The facility is part of the country’s efforts to modernize the weapons and the entire armed forces through 2025 and the years to come.
Vietnam has outlined a series of plans for strengthening the military in the 2018-2025 period with the establishment of an armament manufacturing and repair corporation, heard at a press conference held by the Ministry of Defense in Hanoi earlier this week. 
A Kilo-class submarine of Vietnam's navy. Photo: Vostock
|
In the army structure, the corporation will belong to the General Corporation of Defense Industry which has a workforce of 25,000 people.
Vietnam has several weapon manufacturing factories under the Ministry of Defense. The Southeast Asian country also signed different contracts to buy weapons abroad, including one worth US$2 billion to purchase a fleet of six Kilo class submarines from Russia.
In 2012, Russia’s President Vladimir Putin affirmed to tighten cooperation with Vietnam in study, manufacturing, and maintenance of military equipment and weaponry. In return, Vietnam affirmed to allow Russia to set up a vessel maintenance depot in Vietnam’s Cam Ranh military base.
In May 2016, US President Barack Obama announced the full removal of the embargo on sales of lethal weapons to Vietnam.
So far, Vietnam’s military spending remains nonpublished except for several deals inked with big partners like Russia.
09:48, 2024/05/18
Six ideal destinations for green tourism in Vietnam
From tranquil coastal towns to big cities within easy cycling distance, Vietnam's green destinations can help visitors recharge their social batteries.
20:14, 2024/05/16
Vietnam news in brief - May 16
Follow The Hanoi Times for the latest news on Vietnam
12:37, 2024/05/16
Opening of National Assembly session in five days' time
The draft of the amended Capital Law will be one of the issues to be discussed at the 7th session of the 15th National Assembly.
20:05, 2024/05/15
Russia fully supports Vietnam's entry into BRICS: Ambassador
Vietnam has always held an important position in Russia's foreign policy, said the Russian Ambassador to Vietnam.
13:18, 2024/05/15
Vietnam news in brief - May 15
Follow The Hanoi Times for the latest news on Vietnam.