Japan commits US$171 million to Vietnam to address climate change, promote development

Japan will provide Vietnam with an ¥18.9 billion (US$166 million) loan for climate change countermeasures and ¥550 million (US$5 million) in grant assistance for social and economic development.

The loan will be used to acquire the necessary equipment for earth observation satellites and to provide training on how to use satellite data. The goal of the project is to enhance Vietnam’s ability to respond to disasters and climate change. The grant assistance will be used to train engineers in the manufacturing industry to promote domestic industries and development.

Press release – Ministry of Foreign Affairs of Japan