Vietnam to Consider Returning to Nuclear Energy

May 2022

Experts say Vietnam should restart its nuclear energy program by 2030 in order to meet its commitment to attaining carbon neutrality by 2050.

According to a former head of the Vietnam Institute of Energy, the net-zero carbon promise, which was made at the 2021 United Nations Climate Change Conference (COP 26) by the Prime Minister, can only be achieved if the country restarts the nuclear power program.

In 2009, Vietnam announced plans to spend a massive amount of money constructing two nuclear power plants in the south-central province of Ninh Thuan. However, the National Assembly rejected the projection in 2016 due to difficulties in finance.

Many professionals have recently urged the government to restart the plans soon but have yet to decide the timeframe. It might take approximately 15-20 years to design, build, and test a nuclear power plant before executing its operation. They also noted that finding a suitable location for nuclear power facilities would be time-consuming and strenuous.

Nuclear energy has been mentioned in Vietnam for several years. However, it was considered seriously only after the country’s commitment made at COP 26. This type of energy was not included in any formal plans, and the National Electricity Development Plan for 2021-2030 with a vision to 2045 also does not mention it. However, Vietnam’s Prime Minister promised that plans for nuclear energy would be developed and submitted for approval in the near future.

(Source: VnExpress)

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 distributors, resellers, and system integrators, built through advising and guiding more than 5,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 25 years.