Hot! U.S. Lends Vietnam $118 Million 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.

Property Attorney Thailand
Buying land or property in Thailand is attractive for investment or business reasons as well as residence or retirement purposes.