HCMC – The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Vietnamese Government to provide a Japanese official development assistance loan worth over 18,870 million yen for the Disaster and Climate Change Countermeasure project using the earth observation satellite.
This is the second loan to be offered by JICA for the project.
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 the country.
This project allows for the application of Japanese technology under the Special Terms for Economic Partnership, including the quick delivery of small, cost-efficient and high-performance synthetic aperture radar.
The first loan worth 7,227 million yen was allocated in November 2011.