Vietnamese lawmakers approved the resolution on resumption of the nuclear power project in Ninh Thuan province. (Photo: National Assembly)
Vietnam's National Assembly has approved the revival of nuclear power on Nov. 30, with plans to develop nuclear energy to expand the use of low-carbon energy and achieve the national net-zero target by 2050.
Additionally, the National Assembly passed amendments to the Electricity Law to strengthen renewable energy regulation and make electricity pricing structures more equitable.
Vietnam reenters nuclear energy after 8-year pause
Vietnam had initially planned to build nuclear power plants in Ninh Thuan province, with two plants approved for construction in 2005. The initial investment was approximately 200 trillion VND (about 7.9 billion USD). However, due to insurmountable safety, funding, and technical issues, the project was suspended in 2016.