Nuclear power back on table to secure Vietnam’s energy future

In a move to secure Vietnam's energy future, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has underscored the urgent need to restore investment in and develop nuclear power, placing utmost importance on safety.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan (middle) speaks at the event (Photo: VNA)
Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan (middle) speaks at the event (Photo: VNA)

Hanoi (VNA) – In a move to secure Vietnam's energy future, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has underscored the urgent need to restore investment in and develop nuclear power, placing utmost importance on safety.

Nuclear power, once sidelined, is now back in the spotlight as the Ministry of Industry and Trade (MoIT) is reviewing practical needs based on National Power Development Plan VIII. Although initially proposed in 2009, the policy for nuclear power development was later put on hold. However, time has come to reconsider its potential, Tan told a regular press conference in Hanoi on October 23.

Addressing safety concerns, he pointed to the global advancements in nuclear technology. Third and fourth-generation technologies have ensured maximum safety with virtually zero risk, he said, adding that the ministry is actively studying and identifying suitable technologies.

Bui Quoc Hung, Deputy Director of the ministry's Department of Electricity and Renewable Energy, stressed that the development of nuclear power is essential for socio-economic growth.

Despite previous setbacks, notably the temporary halt of the Ninh Thuan nuclear power project due to human resources and financial constraints, Hung said he believes that nuclear power's potential must be re-explored.

Once the green light is given, the ministry is prepared to outline the subsequent procedures for specific projects, he confirmed./.

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.