S Korea Muscling Into SE Asia's Open Arms Market
The first indicators of a potential deal emerged in March 2023, when Vietnam's Minister for Defense, General Phan Van Giang, visited Seoul and observed an in-person demonstration of the K9 howitzers, alongside other Korean arms.
While South Korea's arms export capabilities had already been proven through its watershed deal with Poland and sustained military product demand across multiple markets, the K9 deal with Vietnam is a first in Southeast Asia (SEA), representing the asset's successful penetration into a new regional market.
While the deal cements“K-Bangsan (방산)”, which translates to K-Defense, as a cross-administration cornerstone of South Korea's economic growth and national development, there are also potential significant follow-on developments.
Korean arms merchantUnder the previous Yoon administration, South Korea had committed significant resources to developing and expanding its military industrial complex, with original goals to become one of the world's top four arms suppliers by 2027.
A March 2025 report by the Stockholm Institute Peace Research Institute ranked South Korea as 10th on its global list of major arms exporters, with its total export share a mere 37.2% of China's (which ranked 4th on the list) total figures.
Industry insiders have alluded to a year-on-year decline in exports since 2022, presumably due to concerns over financing uncertainties and delays in deals with Middle East states, with these issues compounded by the reversed martial law declaration in December 2024 and its accompanying political upheaval.
Nevertheless, newly elected South Korean President Lee Jae Myung retained defense exports as a key feature in his new five-year blueprint announced on August 13, 2025. The Vietnam K9 deal was officially announced the next day.
On Vietnam's side, after General Giang's 2023 visit, its Ministry of Defense expressed official interest in procuring the K9s in April 2024, with Vietnamese military personnel participating in a South Korean education program in November the same year, designed to provide participating soldiers a better operational understanding of Korean assets such as the K9s and K2 tanks.
People's Army of Vietnam (PAV) personnel's presence in a similar July 2025 training program served to affirm Vietnamese interest in understanding K-Defense assets, with a potential eye towards replacing its existing Soviet-era and older-model US artillery pieces.
Existing pieces such as the Korean War-era M101 howitzers and the Vietnam War-era D-20 howitzers are legacy collections from past conflicts, most being significantly inferior to modern assets in terms of weight, manpower requirements and overall mobility. That leaves Vietnam particularly vulnerable to swift attacks from aerial drones, including possibly from China.
Previous reports pointed to the PAV's interest in upgrading its artillery assets since 2015, a recognition of the need to enhance its military technologies to maintain competitiveness on the land battlefield. Furthermore, the Russia-Ukraine war has essentially forced Vietnam to pivot from its longstanding dependence on Russian arms.

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