Japan Provides Vietnam with ¥18,871 Mln ODA Loan for Responding to Disasters

The Japan International Cooperation Agency (JICA) recently signed a loan agreement with the Vietnamese government to provide a Japanese ODA loan of up to ¥18,871 million for the Project for Disaster and Climate Change Countermeasure using Earth Observation Satellite.

 This project will enhance Vietnam’s risk reduction for and response to disasters and climate change by providing the financing to procure an earth observation satellite, equipment, and related facilities for satellite development. It will also promote the utilization of data acquired from the satellite, and develop the capabilities of related personnel in Vietnam to operate and maintain the facilities and equipment, thereby contributing to improving the living and social conditions in Vietnam.

This project will contribute to the achievement of Sustainable Development Goals and Goal 13 (Climate Action).

For the overall project, funds of ¥7,227 million were allocated under the first loan in November 2011. The present loan is secondary to the afore-mentioned loan.

This project allows for the application of Japanese technology under Special Terms for Economic Partnership (STEP), including quick delivery of small, cost-efficient, and high-performance synthetic aperture radar to be utilized in the satellite procured under this project.

Source:  Vietnam Business Forum