2025-07-03 06:20:00
VIETNAM NEED RUSSIAN NUCLEAR
BLOOMBERG - June 25, 2025 - Vietnam is seeking urgent discussions with Russia in an effort to accelerate its nuclear energy program, flagging risks to the country’s goal of having a reactor in operation by the end of the decade.
The government has asked authorities to “urgently organize negotiations” with Russia to move forward on signing an investment cooperation agreement for development of the Ninh Thuan 1 nuclear power plant in August, according to a statement posted on the Vietnamese government’s website.
Vietnam approved an atomic power development plan in February, following a non-binding agreement on nuclear energy cooperation signed with Russia the month prior. The Southeast Asian nation shelved earlier efforts in 2016 due to high construction costs and safety concerns, but is revisiting nuclear to bolster its energy security and meet economic growth targets.
Authorities have also been asked to work closely with Japan on the possibility of continuing investment cooperation on the Ninh Thuan 2 nuclear power project, which it previously forecast to be operational in 2036 to 2040. The country is seeking to have Ninh Thuan 1 online before the end of 2031 at the latest.
“Negotiations with partners to cooperate in investing in the construction of nuclear power plants are still slower than required,” the statement said. There are risks to the “goal of completing investment and construction work before December 31, 2030” as directed by the prime minister.
This year marks the 75th anniversary of diplomatic relations between Vietnam and Russia. The Southeast Asian nation abstained from condemning Moscow’s war in Ukraine, and has called for diplomacy to resolve the conflict. It’s unclear whether Vietnam plans to import Russian nuclear equipment.
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Earlier:
2025, April, 21, 06:35:00
VIETNAM NUCLEAR WILL UP
The Vietnamese Government has approved Vietnam’s revised National Electricity Development Plan for the 2021-2030 period, with a vision to 2050 (PDP8), which now integrates the development of nuclear energy.
2025, April, 21, 06:30:00
VIETNAM RENEWABLES WILL UP
By 2050, Vietnam is targeting as much as 230 gigawatts of wind and 296 gigawatts of solar.
2025, January, 16, 06:45:00
RUSSIA, VIETNAM NUCLEAR COOPERATION
Vietnam and Russia are already cooperating in the nuclear sector on the construction of a Centre for Nuclear Science and Technology in Vietnam
2024, November, 19, 06:25:00
VIETNAM NUCLEAR RESTARTING
Over the longer term, the Government had proposed to the relevant authorities to restart nuclear power projects and robust development of offshore wind energy.
2024, October, 29, 06:35:00
VIETNAM NUCLEAR INVESTMENT
Vietnam currently has no nuclear power project. In September, the Ministry of Industry & Trade was tasked with studying development of nuclear power as a baseload source.
2024, September, 24, 06:35:00
VIETNAM NUCLEAR DEVELOPMENT
A focus of this initiative is the exploration of nuclear power, prompted by the need to bolster base load power and minimise environmental impacts.
2024, June, 26, 06:45:00
RUSSIA, VIETNAM NUCLEAR COOPERATION
In the leaders' statements to the media after the summit, President Putin said that "a promising area for expanding bilateral cooperation is nuclear energy", while Vietnamese President To Lam said "we also agreed to explore opportunities for stepping up our cooperation on new energy sources and clean energy, as well as facilitate the green transition and sustainable development".
2024, June, 24, 06:55:00
RUSSIA, VIETNAM COOPERATION
The parties plan to discuss the current state of and prospects for the continued development of a comprehensive strategic partnership between Russia and Vietnam in the trade and economy, scientific and technology, and humanitarian fields, and exchange opinions on relevant items on the international and regional agenda.
