Talks Advance on New Nuclear Power Projects
Vietnam and Russia have agreed to fast-track negotiations for the construction of nuclear power plants in Vietnam. The joint statement, released after Vietnamese President To Lam’s recent visit to Moscow, confirmed both countries’ commitment to the project.
The statement noted that the proposed plants would use advanced technology. They would also strictly follow nuclear and radiation safety standards. Both sides emphasised that these developments aim to support Vietnam’s socio-economic growth.
Vietnam and Russia Revive Nuclear Power Plans
Vietnam halted its nuclear power plans nearly ten years ago. Now, with growing electricity needs, the country is bringing those plans back. Officials aim to strengthen power generation to meet the demands of its expanding economy.
Earlier this year, Vietnam revealed plans to work with international partners, including Russia, Japan, South Korea, France and the US. The government expects the first nuclear plants to start operating between 2030 and 2035. Together, these plants could provide up to 6.4 gigawatts of power.
This renewed focus on nuclear energy marks a major step in Vietnam’s broader energy strategy.
Broader Energy Cooperation Between Nations
Alongside nuclear plans, Vietnam and Russia agreed to deepen ties in oil and gas sectors. Russia will supply Vietnam with crude oil and liquefied natural gas (LNG). Both countries also plan to support the expansion of their energy firms within each other’s markets.
This move is expected to strengthen energy security and deepen economic ties between the two nations. The collaboration could also open new investment opportunities across the energy sector.
with inputs from Reuters