The revival of the Ninh Thuan nuclear project, which was initially approved by the 12th National Assembly in 2009 but suspended in 2016, marks a significant shift in Vietnam's energy strategy.

Prime Minister Pham Minh Chinh speaks at a meeting on the construction of nuclear power plants, Feb. 4, 2025.

The project, comprising two plants with a combined capacity exceeding 4,000 MW, received in-principle approvals from the Party Central Committee and National Assembly in late 2024.

Asking ministries and sectors to ramp up efforts to complete legal institutions related to nuclear power, including the amendments to the Law on Atomic Energy, the Government leader stressed that special policy mechanisms must be sketched out to enable the fastest and most efficient implementation of the project.

They must be completed by Feb. 15 for the Ministry of Industry and Trade to compile and submit to the Government for approval. Besides, adjustments to the National Power Development Plan VIII must be finalized by Feb. 28, he stated.

The PM set Dec. 31, 2030 as the date for completing the plants, with Dec. 31, 2031 at the latest.

The Vietnam Electricity (EVN) and the Vietnam Oil and Gas Group (Petrovietnam) were designated as the investors of the Ninh Thuan nuclear power plants 1 and 2.

The project, a national priority infrastructure development, will initially utilize the 2025 contingency fund while additional funding sources are being explored, Chinh said.

He ordered the south central province of Ninh Thuan to expedite the site clearance and resettlement work to stabilize local livelihoods, production and business this year while joining hands with ministries, sectors, agencies, and enterprises to upgrade the Thanh Son Airport to serve both military and civilian purposes, supporting the nuclear power plant project and regional socio-economic development.

Furthermore, he requested coordination with the International Atomic Energy Agency on related issues, feasibility study assessments, enhanced communications work, and monthly meetings of the steering committee to monitor progress and address challenges promptly.

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