Military spending in Vietnam
Vietnam: Military spending was 10.91 billion constant 2024 US$ in 2025. ◆ Volatile
Latest (2025)
10.91 billion constant 2024 US$
Change on year
up 27.1%
World rank
35th
of 162 countries
All-time high
10.91 billion constant 2024 US$
in 2025
All-time low
792.64 million constant 2024 US$
in 1993
Years of data
31
1987–2025
Military spending in Vietnam, 1987–2025
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
The most recent figure for military spending in Vietnam is 10.91 billion constant 2024 US$, measured in 2025. That is the highest value across all 31 years on record.
That represents a change of up 27.1% on the previous year and up 51.5% over ten years.
Over the whole period, military spending in Vietnam peaked at 10.91 billion constant 2024 US$ in 2025 and was at its lowest, 792.64 million constant 2024 US$, in 1993.
Vietnam ranks 35th of 162 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Vietnam, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1987 | 883.65 million constant 2024 US$ | — |
| 1988 | 1.43 billion constant 2024 US$ | +62.1% |
| 1989 | 1.89 billion constant 2024 US$ | +32.0% |
| 1990 | 2.25 billion constant 2024 US$ | +19.2% |
| 1991 | 1.60 billion constant 2024 US$ | -28.9% |
| 1992 | 1.01 billion constant 2024 US$ | -36.9% |
| 1993 | 792.64 million constant 2024 US$ | -21.6% |
| 1994 | 1.08 billion constant 2024 US$ | +36.4% |
| 2003 | 2.00 billion constant 2024 US$ | +84.8% |
| 2004 | 2.05 billion constant 2024 US$ | +2.4% |
| 2005 | 2.13 billion constant 2024 US$ | +4.3% |
| 2006 | 2.51 billion constant 2024 US$ | +17.7% |
| 2007 | 3.24 billion constant 2024 US$ | +28.8% |
| 2008 | 3.06 billion constant 2024 US$ | -5.4% |
| 2009 | 4.23 billion constant 2024 US$ | +38.3% |
| 2010 | 3.96 billion constant 2024 US$ | -6.5% |
| 2011 | 4.11 billion constant 2024 US$ | +3.9% |
| 2012 | 5.98 billion constant 2024 US$ | +45.6% |
| 2013 | 6.58 billion constant 2024 US$ | +9.9% |
| 2014 | 6.51 billion constant 2024 US$ | -1.0% |
| 2015 | 7.20 billion constant 2024 US$ | +10.7% |
| 2016 | 7.34 billion constant 2024 US$ | +1.9% |
| 2017 | 7.32 billion constant 2024 US$ | -0.3% |
| 2018 | 7.69 billion constant 2024 US$ | +5.0% |
| 2019 | 8.03 billion constant 2024 US$ | +4.4% |
| 2020 | 7.73 billion constant 2024 US$ | -3.7% |
| 2021 | 7.96 billion constant 2024 US$ | +3.0% |
| 2022 | 7.31 billion constant 2024 US$ | -8.2% |
| 2023 | 8.12 billion constant 2024 US$ | +11.1% |
| 2024 | 8.59 billion constant 2024 US$ | +5.8% |
| 2025 | 10.91 billion constant 2024 US$ | +27.1% |
Vietnam compared with similar countries
- Vietnam's 10.91 billion constant 2024 US$ is above the median for upper middle income countries, which is 1.62 billion constant 2024 US$, 6.7× the median. (46 countries reporting)
- Vietnam's 10.91 billion constant 2024 US$ is above the median for East Asia & Pacific, which is 4.65 billion constant 2024 US$, 2.3× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.40 billion constant 2024 US$ | 883.65 million constant 2024 US$ | 1.89 billion constant 2024 US$ | 3 |
| 1990s | 1.35 billion constant 2024 US$ | 792.64 million constant 2024 US$ | 2.25 billion constant 2024 US$ | 5 |
| 2000s | 2.75 billion constant 2024 US$ | 2.00 billion constant 2024 US$ | 4.23 billion constant 2024 US$ | 7 |
| 2010s | 6.47 billion constant 2024 US$ | 3.96 billion constant 2024 US$ | 8.03 billion constant 2024 US$ | 10 |
| 2020s | 8.44 billion constant 2024 US$ | 7.31 billion constant 2024 US$ | 10.91 billion constant 2024 US$ | 6 |
Countries ranked near Vietnam
More reference data data for Vietnam
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 3.68 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 4.24 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 16.73 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.89 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 16.73 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 12.35 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 18.98 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 23.56 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 93.83 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 10.27 (2050)
Frequently asked questions
- What is military spending in Vietnam?
- Military spending in Vietnam was 10.91 billion constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Vietnam?
- The highest recorded value was 10.91 billion constant 2024 US$ in 2025.
- What is the lowest military spending recorded in Vietnam?
- The lowest recorded value was 792.64 million constant 2024 US$ in 1993.
- How does Vietnam rank for military spending?
- Vietnam ranks 35th out of 162 countries with data for 2025.
- Is military spending rising or falling in Vietnam?
- Over the last ten years it is up 51.5%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.