Vietnam and Russia signed an agreement on March 23 to build the Ninh Thuan 1 nuclear power plant with two Russian-designed reactors totalling 2,400 MW. (Photo: Kremlin)
Vietnam and Russia signed an agreement on March 23 to build the Ninh Thuan 1 nuclear power plant, reviving a project shelved in 2016 over cost and safety concerns. The deal covers two Russian-designed reactors with a combined capacity of 2,400 MW.
The International Energy Agency projects Vietnam's electricity demand to double by 2030, driven by rapid industrialisation and data center growth. For Russia, the deal reinforces its push to export nuclear technology across Southeast Asia.
Unlock the full article to explore three key takeaways:
- Vietnam and Russia signed a deal to build the 2,400 MW Ninh Thuan 1 nuclear power plant, reviving a project shelved since 2016.
- Vietnam has established an appraisal council to review the project's investment policy, with EVN tasked to prepare documentation for regulatory review.
- Russia is using the deal to expand its nuclear technology exports across Asia, offering a full infrastructure platform from reactor design to personnel training.
