The Government has tasked the Ministry of Industry and Trade (MOIT) with researching international experiences in nuclear energy to propose potential development options for Vietnam. This is part of a broader review of energy sources under Power Plan VIII, aimed at transitioning the country’s base energy from coal to natural gas. The goal is to achieve energy security and 12-15% annual growth in domestic energy production.
While nuclear energy is not currently included in Power Plan VIII, the MOIT has noted the potential of small modular reactors (SMRs). These reactors produce low-carbon electricity and have shorter construction timelines (24-36 months), making them a possible complement to Vietnam's renewable energy goals and sustainable development efforts.
Globally, 32 countries are using nuclear energy, contributing 9.1% of the world’s electricity in 2023. With nuclear energy seen as critical to meeting Vietnam's net-zero commitments by 2050, there are renewed discussions about its role. The draft amendment to the Electricity Law also mentions nuclear energy as a new energy source under state monopoly.
Although plans for a nuclear plant in Ninh Thuan were halted in 2016, the government is revisiting nuclear energy as a potential solution for long-term energy security. This will involve careful study and assessments of political, scientific, and technological viability.
