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Vietnamese homeland security expenditure is expected to grow at a compound annual growth rate (CAGR) of 15.9% during the next four years, to reach an estimated US$ 3.6 billion in 2017. This according to ASDReport.
Since the country shares borders with several other countries, and enjoys a strategic location near maritime trade routes, the chances of illicit drug trafficking and smuggling are heightened. Over the forecast period, homeland security equipment manufacturers expect increased demand for equipment capable of enhancing seaport and airport security.
In addition to these, the country will also invest in border surveillance equipment such as CCTV technology and biometric identification systems. Increased demand is also expected for equipment for the protection of critical infrastructure, borders and maritime security.
Israeli sources told I-HLS that there are “contacts” between Israel and Vietnam that showgreat interest in some homeland security systems developed by the Israeli industry.
