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Hungarian-owned weapons company to arm rising Asian power
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Czech Prime Minister Petr Fiala paid a visit to Vietnam last week. He arrived in the capital city of Hanoi with a business delegation of 15 companies. Four of these operate in the weapons industry.
One of the four companies is Aero Vodochody. Previously in 2021, Vietnam bought a dozen of L-39NG light combat aircrafts, produced by the firm. The shipment of the planes starts now in 2023. Why does it bear importance? Aero Vodochody is majority-owned by the Hungarian HSC Aerojet, which is in the hands of the Hungarian state, Portfolio explains.
Czech-Vietnamese weapon ties
Prague is the European Union’s main provider of weapons to Hanoi. The Czech arms industry is known to specialise in the modification and modernisation of old Soviet weaponry. They also produce such weapons, which are compatible with old Russian equipment. Considering that 80 percent of Vietnam’s arms stockpiles consist of old Russian/Soviet military gear, arms deals with Czechia seem like the perfect way to renew their weaponry.
The Czech company Omnipol is also part of the delegation. They are minority holders in Aero Vodochody, and owners of Aircraft Industries, which makes the L 410 NG, a twin-engine 19-seat aircraft. Vietnam may end up buying some of these cargo planes, along with radars and other Czech-made military equipment.