Data (in Billion US Dollars): 2024: 6.8327, 2025: 7.0701, 2026: 7.3027, 2027: 7.5307, 2028: 7.7542.
Year-on-Year Variations:
2024-2025: +3.48%
2025-2026: +3.29%
2026-2027: +3.12%
2027-2028: +2.97%
Compound Annual Growth Rate (CAGR) (2024-2028): +3.22%
Future trends to watch: Vietnam's military expenditure shows a steady, albeit gradual increase. Future considerations include the regional security environment, economic growth, and shifts in defense policy that might impact defense budgets.
