The Vietnamese National Assembly has approved the restart of work on the Ninh Thuận nuclear power plant, as well as additional budget allocations for the project. In 2009, Vietnam had approved plans for the construction of the first nuclear power plant of the country, including four nuclear power reactors, two each at two plants in the central province of Ninh Thuận, totalling a capacity of 4 GW. The contracts were originally awarded to Japan Atomic Power and Russia’s Rosatom, for a total cost of around US$8.9bn.
However, the plans were delayed after the government ordered agencies to review safety measures following the Fukushima accident in 2011. In 2016, Vietnam’s legislature approved a government resolution to cancel plans to build the two nuclear power plants. In 2022, Vietnam’s National Assembly Economic Committee had proposed that the Government should remain committed to build the two nuclear plants instead of scrapping the project.
In October 2024, the Vietnamese Ministry of Trade and Industry announced it would amend its 8th national power development plan (PDP8), to include options for nuclear energy.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.