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Vietnam considering resuming nuclear power development
- 3 months ago (2024-09-16)
- David Flin
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.
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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.