Vietnam and Russia have announced plans to expedite negotiations and sign agreements for the construction of nuclear power plants in Vietnam.
The announcement was made in a joint statement following Vietnamese leader To Lam’s visit to Moscow. The nuclear plants will use advanced technology and adhere to nuclear and radiation safety standards, aiming to support Vietnam’s socio-economic development.
Previously shelved plans for nuclear power plants in Vietnam are being revisited to increase power generation capacity in line with the country’s fast-growing economy.
The Vietnamese government projects that nuclear power plants, with a total capacity of up to 6.4GW, will begin operations between 2030 and 2035.
Earlier this year, Vietnam indicated it was in discussions with international partners, including Russia, Japan, South Korea, France, and the US, regarding nuclear energy projects.
In addition to nuclear power, Vietnam and Russia have agreed to enhance cooperation in the oil and gas sectors. This includes the supply of Russian crude oil and liquefied natural gas to Vietnam. The joint statement also mentioned that both countries would support the expansion of their energy companies in each other’s markets.
The statement said: “Our cooperation in energy is expanding. I will not list everything that has been done in this sector, but I want to note that this cooperation has been developing for many years, and the progress is clear. Today, we approved new agreements in the context of implementing mutually beneficial Russian-Vietnamese projects.”
Moreover, Russian firm Zarubezhneft intends to build a 1,000 MW marine wind power station in southeastern Vietnam. Russian companies have also shown interest in participating in the construction and modernisation of hydropower facilities in Vietnam.
The newly signed agreements on nuclear energy aim to provide Vietnam with cost-effective and environmentally sustainable energy solutions. This initiative is expected to boost Vietnam’s economic growth, create numerous jobs, and support the training of a skilled local workforce.
