The Japan International Cooperation Agency (JICA) this week signed a loan agreement with the Vietnamese Government to provide an ODA loan of up to JPY 18,871 million (nearly US$148,500) for the disaster and climate change countermeasure project using Earth observation satellite (II).
Japan helps Vietnam in the disaster and climate change countermeasure project using an Earth observation satellite. Photo: Phongchongthientai.mard.gov.vn
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.
Besides, the project will contribute to the achievement of SDGs (Sustainable Development Goals) and Goal 13 (Climate Action). It allows 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 the project.
STEP refers to special assistance terms for promoting the visibility of Japanese aid through a transfer of outstanding Japanese technology and expertise to developing nations.