Vietnam Getting $118 Million from U.S. for Satellite
Photo by NASA Goddard Space Flight Center
Chosun Media | The United States says it will give Vietnam a loan of more than $100 million to buy a telecommunications satellite from a U.S. company.
The U.S. Export-Import Bank Monday said the Vietnamese state-owned company, Vietnam Post, will use the satellite to meet the growing demand of telecommunications and television markets. Ex-Im says the satellite will provide coverage to Vietnam, Cambodia, Laos and Thailand.
The bank says the U.S. company, Lockheed Martin, will make the technology and that the deal will support more than 500 American jobs.
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