Upgrade your membership plan for the full website experience.
View Membership Plans
January 31, 2025

Vietnam Partnerships and a Reinvigorated Civil Nuclear Program

Vietnam's Prime Minister Pham Minh Chinh reaffirms nuclear plant goal by 2030
Vietnam's Prime Minister Pham Minh Chinh reaffirms nuclear plant goal by 2030. (Photo: VietNam Government Portal) — https://reccessary.com/en/news/vn-regulation/vietnam-explores-international-partnerships-nuclear-power-plant
January 31, 2025

In November 2024, Vietnam announced the resumption of its 4GW nuclear power plant development in Ninh Thuận Province, with operations scheduled to begin by 2030. More recently, an agreement was formed between Russian Nuclear SOE Rosatom and Vietnam State-owned EVN, during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi on January 14, 2025. The agreement was signed a few days after Vietnam announced the establishment of the Steering Committee for Nuclear Power Plant Construction, chaired by Prime Minister Pham Minh Chinh, with the Ministry of Industry and Trade serving as the standing agency of the committee.  

Russia considers Vietnam a key partner in Southeast Asia, and aims to expand cooperation into new areas, including solar and wind energy, as well as green transport. Russia is prepared to implement nuclear power projects in Vietnam and develop electric waterway transport systems. Additionally, Russia is exploring the possibility of supplying Vietnam with low-carbon industrial products and liquefied natural gas (LNG). Vietnam’s reliance on international collaboration to bridge operational gaps in nuclear power project poses risks, including geopolitical factors such as sanctions on Rosatom and supply chain disruptions, which could complicate progress. Vietnam’s economic growth and the prioritization of stable energy sources underscore the necessity of nuclear power, but decisive planning, transparency, and reliable partnerships will be key to ensuring its success.  

Join the Council to continue reading this article
Enhance your business impact in Southeast Asia: Become a member of the US-ASEAN Business Council and tap into a network of possibilities.
Free Related Articles

Membership Plans

Corporate Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • Business missions to all 10 ASEAN markets which engage governments at the highest levels.
  • Off-the-record roundtables and policy briefings with senior government leaders in ASEAN and the U.S.
  • On-the-ground support for promoting your positions/policy priorities with policy makers.
  • Industry-specific, country-specific, cross-sector and regional advocacy through committees that target their engagement based on member priorities.
  • Advocacy on your behalf in situations where your company should not be directly identified or is unable to be present.

Chairman’s Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • All Corporate benefits.
  • Assistance with resolving company-specific trade or investment issues through our six regional offices and U.S.-based staff.
  • Develop effective advocacy strategies to impact policy concerns.
  • Identification of, and engagement with appropriate policy influencers to impact policy concerns.
  • Assistance in conducting follow-up after engaging government leaders (can include providing officials with additional materials, setting up meetings with their staff, getting a readout of the government’s reaction to the discussion).
  • Support for developing arguments that will resonate with target stakeholders.
  • Leading and setting the agenda and policy priorities of the Country and Industry Committees.