A Japanese company (NEC) bags a $190 million deal for the supply of satellite to Vietnam


A Japanese electronics company has received a contract to supply a radar satellite to Vietnam country at the cost of 190 million US dollars. The deal is an advantage to the company, especially during this coronavirus pandemic, and the leading team players have to startup in these hard-economic times.

The real deal between the two companies will be soon in public and will mark the first export of an observation satellite by a company in Japan consists the cost of launching the satellite and the ground equipment in conjunction with the required amount of training the operators and engineers in Vietnam according to the company representative. 

The construction of the ground station is at Hoa-Lac Hi-Tech Park in Hanoi. The total cost of the project is about 470 million, and the financing will come from official development assistance as loans for low-income people, the representative added.  

The launch of the satellite will be in the year 2023, using the Epsilon rocket constructed by IHI Aerospace. If the coronavirus persists, the launch will delay because the Japanese and Vietnam engineers will take a lot of time to meet each other and work for the project, according to the company representative. 

There will be little growth in the budget of Japanese NEC, and it is concentrating on the oversee deals to expand its revenue; the partnership between Vietnam and Japan is strategic and vital to overcoming china. It is one of the best collaborations for the Tokyo based company. Vietnam has hopes that the Tokyo company will help it develop and operate its satellite. Mitsubishi Electric Company from japan exported communication satellites to Qatar, Turkey, and Singapore in the past days.

The deal between the two companies will lead to the development of a similar company like NEC, which has 120 years of experience in telecom equipment makers and a contractor for defense. Up to the moment, familiar contractors are under threat and very slow to undergo more dynamic startups, and this has made growth in the private sector in the US take over the launching of the space missions. Such as the companies and government agencies that private contact companies ate, such as NASA.  

The collapse of a multibillion company (OneWeb) that owned a loan of 37 percent from the japan soft bank group brought chaos in the industry. The spread of the coronavirus has made buyers risk working with young companies that are not proven.