Vietnam considering resuming nuclear power development

• 1 year, 1 month ago (2024-09-16)
• David Flin

Asia 975 Nuclear 711

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Vietnam is considering resuming plans to develop nuclear power, according to a government report reviewed by Reuters. The intention is to ensure national energy security and to support economic growth.

Vietnam is currently heavily reliant on coal for power generation, and is seeking to boost cleaner energy production to meet its net zero target by 2050.

The document states: “ The Ministry of Industry and Trade is to conduct research on the nuclear power development experience of other countries and make a proposal to develop nuclear power in Vietnam.” The document said Vietnam has a target of raising its power generation capacity by 12-15 per cent a year to ensure national energy security and support an annual economic growth of 7 per cent.

No time frame has been provided for the nuclear power development.

Officials said Vietnam has discussed possible support from South Korea, Canada, and others on SMRs.