US EditionVietnam and Russia Sign Nuclear and Energy Cooperation Agreements
The agreement sets the framework for two Russian-designed reactors with 2,400 MW capacity to boost Vietnam's energy supply amid global fuel disruptions, officials said.
- On Monday, Prime Minister Pham Minh Chinh oversaw Russia and Vietnam signing an intergovernmental agreement to construct the Ninh Thuan 1 nuclear power plant, establishing a legal framework for two Russian-designed reactors totaling 2,400 megawatts.
- Vietnam initially agreed to build the Ninh Thuan 1 station in 2010, but suspended the project in 2016 over safety and budget concerns; Russia remains the primary partner after Japan exited the plans last December.
- Fuel costs for petrol and diesel in Vietnam soared 50% and 70% since late February, prompting Chinh to secure oil and gas agreements and a preliminary liquefied natural gas deal with Novatek.
- Rosatom head Alexey Likhachev stated the agreement forms the "foundation for a long-term industrial partnership, which will strengthen Vietnam's energy independence and open up new opportunities for economic growth."
- Neither country disclosed specific construction timelines or financial costs for the Ninh Thuan 1 project, leaving future implementation dependent on undisclosed terms and raising questions about project feasibility.
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The Toronto Star
Vietnam and Russia advance nuclear power deal as energy security concerns grow in Southeast Asia
HANOI, Vietnam (AP) — Vietnam and Russia signed a deal to build a nuclear power plant in Vietnam as the Southeast Asian country revives its nuclear plans with hopes of boosting energy security while curbing greenhouse gas emissions.
Vietnam stressed that agreement is "for peaceful purposes", qualifying it as a "symbolic project for friendship" between both nations. Russia now highlights economic growth opportunities.
Vietnam, Russia sign nuclear power deal
HANOI — Vietnam, Russia signed an agreement on the construction of the Southeast Asian nation’s first nuclear power plant as Hanoi moves to bolster energy security amid Middle East disruptions that are disrupting global fuel supplies.
This state-of-the-art technological infrastructure will reach a total installed capacity of 2,400 megawatts, ensuring a stable and high-powered electricity supply for the development of the Asian country.
Russia and Vietnam Deepen Energy Ties With Nuclear Power Agreement
Russia and Vietnam have signed a cooperation agreement to build the first nuclear power plant in Vietnam. The announcement was made on Monday by the Russian state corporation Rosatom. The deal was reached during a visit by Prime Minister Pham Minh Chinh to Russia. Vietnam is currently looking to secure its fuel supplies due to energy disruptions caused by the war in the Middle East, which has led to concerns about global fuel shortages, accordin…
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