Disaster Risk Reduction Strategies of Japanese Private Sector in Danang City

Abstract

The increase in frequency and severity of natural disasters due to climate change is leading to huge economic loss across the globe. Considering that the private sector contributes 75–80 % of the total investment in infrastructure projects in Asia, involving them in Disaster management would be essential for economic resilience. Vietnam with its high rate of urbanization is exposed to the risk of various natural hazards. Danang city, in Vietnam has been a center of this urbanization with the national and local government supporting investment in geographically challenged regions from other countries in Medium and Small-scale Enterprises. The Japanese enterprises form a major chunk of these foreign investments in Danang. Considering various legislation and structured interviews with Japanese private sector in Danang, this study concludes that the Japanese Small and Medium Scale Enterprises need further work on the following areas; (1) Legislation for the private sector involvement in disaster risk reduction. (2) Training of private sector employees. (3) Capacity building of private sector.