Vietnam and Russia agree to build nuclear power plants

Vietnam and Russia agree to build nuclear power plants

Vietnam and Russia have committed to swiftly negotiate and finalize agreements on constructing nuclear power plants in Vietnam. This move aims to boost Vietnam’s energy capacity using advanced technology, ensuring safety and supporting the country’s growing economy.

The joint statement, released after Vietnamese leader To Lam’s visit to Moscow, emphasized that the development will strictly follow nuclear and radiation safety standards. This collaboration marks a renewed effort after Vietnam paused its nuclear plans nearly ten years ago.

Plans and partnerships for nuclear power plants

Vietnam aims to have its first nuclear power plants, with a total capacity of up to 6.4 gigawatts, operational between 2030 and 2035. Earlier this year, the government announced talks with several foreign partners—including Russia, Japan, South Korea, France, and the United States—to explore nuclear energy projects.

Alongside nuclear development, Vietnam and Russia agreed to enhance cooperation in the oil and gas sectors. This includes supplying Russian crude oil and liquefied natural gas to Vietnam, which will help diversify the country’s energy sources.

Energy cooperation and company expansion

The joint statement also highlighted plans to facilitate the growth of Russian and Vietnamese energy companies within each other’s countries. This partnership could open new opportunities and strengthen energy ties between the two nations.

Overall, the agreement signals a significant step in Vietnam’s efforts to meet its fast-growing energy demands through safe and advanced nuclear power plants.