Vietnam and Russia revive nuclear energy ambitions for the 2030s
Vietnam and Russia have signed an agreement to construct nuclear power plants in Vietnam. The launch of the first reactors, with a total capacity of 6.4 GW, is planned for the years 2030-2035.
Vietnam and Russia will accelerate negotiations regarding the construction of nuclear power plants in Vietnam. According to Reuters, the decision was announced on May 12 during the visit of Vietnamese President Tô Lâm to Moscow, where he met with Vladimir Putin. As stated by both countries in a joint declaration, the nations will intensify efforts towards ensuring safe nuclear energy in Vietnam.
The joint statement emphasizes that the development of the power plants will comply with nuclear and radiation safety regulations and bring socio-economic benefits.
The first reactors are expected to be launched between 2030 and 2035, with a total capacity of 6.4 gigawatts. The Defense One portal reports that Vietnamese authorities emphasize that the country is open to nuclear cooperation not only with Russia but also with Japan, South Korea, France, and the United States.
The first plans emerged 10 years ago
This is not the first report about the planned construction of a nuclear power plant in Southeast Asia. Ten years ago, Vietnam took initial steps toward nuclear energy, but the project was halted. According to Reuters, these activities are part of a strategy to increase energy production capabilities, essential to support the region's rapidly developing economy.
State leaders agreed that, in addition to investing in nuclear energy, they will also develop cooperation in the oil and gas sector. Consequently, Vietnam has engaged in intensive economic cooperation with Russia, which will impact Asian geopolitics.
