US, European, Chinese Firms Seek To Draw Vietnam Arms Deals From Russia [Barron's]
Lockheed Martin Corporation (LMT)
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Source: Barrons
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. 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 inv
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