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Reuters
Reuters
Business
By Francesco Guarascio and Khanh Vu

Vietnam shifts gears on arms trade as it loosens ties with Russia

FILE PHOTO: T-72 B3 tank operated by a crew from Vietnam fires during the Tank Biathlon competition at the International Army Games 2022 in Alabino, outside Moscow, Russia August 16, 2022. REUTERS/Maxim Shemetov

Vietnam is eyeing a major defence shift as it seeks to reduce its reliance on Russian arms and launch a push to export locally made weapons, officials and analysts said, with possible buyers in Africa, Asia - and potentially even Moscow.

The Southeast Asian nation is one of the world's 20 biggest buyers of weapons amid on-and-off tensions with China, with an annual budget for arms imports estimated at about $1 billion and set to grow, according to GlobalData, a provider of military procurement intelligence.

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