Ministry proposes developing nuclear power on small scale

The Ministry of Industry and Trade (MoIT) has proposed developing nuclear energy on a small scale post 2030 in its latest version of the draft Vietnam Power Development Plan from 2021 – 2030 (PDP8) with a vision towards 2045.
Ministry proposes developing nuclear power on small scale ảnh 1An offshore wind power farm in Ca Mau. (Photo: VNA)
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT)has proposed developing nuclear energy on a small scalepost 2030 in its latest version of the draft Vietnam Power DevelopmentPlan from 2021 – 2030 (PDP8) with a vision towards 2045.

The move aims to support Vietnam’s efforts to achievezero-net emissions by 2050, as nuclear power is viewed as near-cleanenergy, according to the MoIT. Particularly after the UN Climate ChangeConference (COP26) in Scotland, many countries have recognised it as a cleansource of power since nuclear power plants produce no greenhouse gas emissions during operation.

However, the ministry also noted the Government must obtainapproval from the Party Central Committee's Politburo and Secretariatbefore including nuclear power projects in the plan.

Under the latest revised draft of the PDP8, the MoITintroduced two plans with different goals.

In the first plan, Vietnam expects to generate a total of146,000MW of electricity by 2030 and 343,000MW by 2045, exclusive of rooftopsolar power which currently has capacity of some 7,755MW.

The country plans to produce more offshore and onshorewind power with production expected to significantly surge from7,000MW by 2030 to 54,000MW by 2045, and the latter from 14,721MW to 42,650MW.

The second plan pushes for stronger energy transition. Itsets for Vietnam to generate around 150,970MW of power by 2030 and 426,857MW by2045.

However, according to the Government’s Office, the draftplan lacks national grid development planning so there is insufficient evidencefor the finalisation of total investment to be required for power development until2045.

The office held that potential for expanding renewableenergies in Vietnam remains huge. Therefore, the MoIT must developtransparent and competitive mechanisms for the efficient use of such energyresources, enabling the country to successfully fulfill COP26 commitments andenhance its energy self-sufficiency in the coming time.

It is also important to have more analysis on the future useof the renewables, the office added./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.