To strengthen energy security, Vietnam and Russia have signed an agreement to assist Vietnam in building its first nuclear power plant.
According to a statement from the Vietnamese government, Vietnamese Prime Minister Pham Minh Chinh signed the agreement during his visit to Moscow on the 23rd, though it did not specify when construction of the nuclear power plant would begin or when it would become operational.
According to the statement, the two countries agreed to expand cooperation in the fields of new energy, clean energy, and renewable energy.
Russia’s State Atomic Energy Corporation said that under this agreement, two VVER-1200 nuclear power units with a total installed capacity of 2,400 MW are planned to be built at Vietnam's Ninh Thuan Nuclear Power Plant Unit 1. Russian Prime Minister Mishustin said the construction of this nuclear power plant would provide strong momentum for cooperation in related fields between the two countries.
Under the original plan, the Ninh Thuan nuclear project included two nuclear power plants, to be built in cooperation with Russia’s State Atomic Energy Corporation and Japan International Nuclear Energy Development, respectively, but Vietnam decided to suspend the nuclear power plant project in 2016.
Last year, during Mishustin’s visit to Vietnam, the two countries signed a memorandum of cooperation on nuclear energy development. The Russian side intended to provide nuclear energy products to Vietnam and assist in resuming the nuclear power plant project.
Vietnam has been urging Russia to accelerate the construction of Ninh Thuan Unit 1, hoping that the plant can be operational no later than the end of 2031.