Vietnam Revives Ninh Thuan Nuclear Power Project: A Key Step Toward Net Zero 2050
Vietnam is taking a bold step in its clean energy transition with the revival of the Ninh Thuan nuclear power project, aligning with the nation’s goal of achieving Net Zero by 2050.
On November 30, 2024, the National Assembly approved the continuation of the project, followed by Directive No. 1/CT-TTg from the Prime Minister on January 3, 2025, tasking the Ministry of Industry and Trade with execution within five years. A Steering Committee, led by the Prime Minister, was also established on January 10, 2025, to ensure smooth implementation.
Key Advantages:
- Strong Policy Support: Backed by the Party and Government, with public consensus.
- Preselected Sites: Locations in Phuoc Dinh (Ninh Thuan 1) and Vinh Hai (Ninh Thuan 2) meet international standards.
- Skilled Workforce: Hundreds of trained nuclear experts ready to contribute.
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Challenges Ahead:
- Massive Investment: Estimated at $9.6B per plant - cost overruns remain a concern.
- Tight Timeline: Aiming for a five-year completion, despite Vietnam’s limited experience.
- Regulatory Gaps: Legal updates, including revisions to the Atomic Energy Law, are needed.
- Human Resource Development: More investment in nuclear education and training is crucial.
This marks a historic milestone in Vietnam’s energy sector, offering both opportunities and challenges. As the country embarks on its first-ever nuclear power project, global collaboration, regulatory improvements, and skilled workforce development will be critical to its success.
Read the full article at: https://nangluongvietnam.vn/nhung-thuan-loi-va-khuyet-thieu-can-bo-sung-cho-du-an-dien-hat-nhan-dau-tien-cua-viet-nam-33713.html
