Vietnam secures JICA loan for patrol vessel newbuildings

MARITIME SECURITY WEEK
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).

See all the other news, reviews and features of this month’s Maritime Security Week right here.


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