Vietnam secures JICA loan for patrol vessel newbuildings

The Vietnam Coast Guard patrol vessel CSB-8020, formerly the US Coast Guard cutter Morgenthau (Photo: Vietnam Coast Guard)

The Vietnamese government has entered into an agreement wherein it will borrow JPY36.6 billion (US$348.66 million) from the Japan International Cooperation Agency (JICA) to finance the construction of six new patrol vessels.

The vessels will be built by a Japanese company and are scheduled to be delivered to the Vietnam Coast Guard by 2025.

Missions will include maritime security patrols, law enforcement, and search and rescue (SAR).

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