Vietnam Ramps Up Defense Spending, but Its Challenges Remain

Vietnam boosted its military spending by 113 percent between 2004 and 2013, the largest increase among Southeast Asian countries. Defense spending has accounted for around 2 percent of the country‚Äôs gross domestic product since 2004. Total spending was $3.3 billion in 2012 and $3.4 billion in 2013 (the latest year for which figures are available), […]