Japan willing to help Vietnam with technology, training for nuclear power

By Tri Duc
Mon, December 23, 2024 | 2:35 pm GMT+7

Japan welcomed Vietnam to restart its nuclear power program and the former is willing to help the latter with its experiences, high technology, and workforce training.

Japanese Minister of Economy, Trade and Industry Muto Yoji made the statement at the seventh Vietnam-Japan Joint Committee meeting on industry, trade, energy in Tokyo last week, with the participation of Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien (behind Vietnamese flag) leads the Vietnamese delegation at a meeting in Tokyo, December 20, 2024. Photo courtesy of the ministry.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien (behind Vietnamese flag) leads the Vietnamese delegation at a meeting in Tokyo, December 20, 2024. Photo courtesy of the ministry.

In a Sunday statement, the Vietnamese Ministry of Industry and Trade said the “reignited” Ninh Thuan nuclear power project aims to help Vietnam ensure its energy security and fulfill its net-zero 2050 commitment.

On December 20, Minister Dien had a meeting with Japanese universities and businesses in the nuclear power sector. The Japanese side, including International Nuclear Energy Development of Japan Co., Ltd (JINED), Hitachi, Mitsubishi Heavy Industries, Nagaoka University of Technology, University of Fukui, emphasized their willingness to help Vietnam.

The two sides also discussed further cooperation in trade, Japan’s investments in training industrial workforce in Vietnam (for instance, for the semiconductor sector), experience and technology transfer for high-speed railway, negotiations for the Indo-Pacific Economic Framework for Prosperity (IPEF), digital economy-trade, and climate change adaptation.

In 2005, Vietnam's Party Central Committee had greenlighted a plan to build two nuclear power plants in the south-central province of Ninh Thuan. Four years later, the parliament approved the plan with an initial investment of VND200 trillion ($7.9 billion at the current forex rate).

In November 2016, the National Assembly, the country’s highest legislative body, decided to halt the 4,000 MW project, citing safety, funding and technology reasons. In November 2024, it agreed to resume the nuclear power project in Ninh Thuan after an eight-year suspension.

Originally, the Ninh Thuan nuclear power project featured two plants. Ninh Thuan 1 was scheduled to be a cooperation between Vietnam and Russia, while Ninh Thuan 2 a collaboration between Vietnam and Japan.

Comments (0)
  • Read More
Police propose prosecuting Egroup CEO Nguyen Ngoc Thuy for fraud, bribery

Police propose prosecuting Egroup CEO Nguyen Ngoc Thuy for fraud, bribery

Vietnam’s Ministry of Public Security has proposed prosecuting Nguyen Ngoc Thuy, chairman and CEO of Hanoi-based education group Egroup, along with 28 others, for fraud to appropriate property, giving bribes, and receiving bribes.

Society - Tue, November 18, 2025 | 4:01 pm GMT+7

Singapore-backed VSIP eyes large urban-industrial complex in southern Vietnam

Singapore-backed VSIP eyes large urban-industrial complex in southern Vietnam

A consortium involving VSIP, a joint venture between local developer Becamex IDC and Singapore’s Sembcorp, plans a large-scale urban-industrial development named the "Moc Bai Xuyen A complex along the Tay Ninh-Binh Duong economic corridor in southern Vietnam.

Industrial real estate - Tue, November 18, 2025 | 2:38 pm GMT+7

Aircraft maintenance giant Haeco to set up $360 mln complex in northern Vietnam

Aircraft maintenance giant Haeco to set up $360 mln complex in northern Vietnam

Hong Kong-based Haeco Group, Vietnam's Sun Group, and some other partners plan to invest $360 million in an aircraft maintenance, repair and overhaul (MRO) complex at Van Don International Airport in Quang Ninh province - home to UNESCO-recognized natural heritage site Ha Long Bay.

Industries - Tue, November 18, 2025 | 2:13 pm GMT+7

Thai firm opens 20,000-sqm shopping center in central Vietnam hub

Thai firm opens 20,000-sqm shopping center in central Vietnam hub

MM Mega Market Vietnam (MMVN), a subsidiary of Thailand's TCC Group, on Monday opened its MM Supercenter Danang, a 20,000 sqm commercial complex with total investment capital of $20 million, in Danang city.

Real Estate - Tue, November 18, 2025 | 12:20 pm GMT+7

Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy

Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy

Prime Minister Pham Minh Chinh on Monday called on the Kuwait Fund for Arab Economic Development (KFAED) to strengthen cooperation with Vietnam, particularly in the areas of industrial production, logistics, renewable energy, green economy, and the Halal ecosystem.

Economy - Tue, November 18, 2025 | 11:53 am GMT+7

Thai dairy brand Betagen to build first plant in Vietnam

Thai dairy brand Betagen to build first plant in Vietnam

Betagen, a famous Thai dairy brand, plans to build its first manufacturing plant in Vietnam, located in the southern province of Dong Nai.

Industries - Tue, November 18, 2025 | 8:49 am GMT+7

Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss

Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss

Banks accounted for more than half of the 20 most profitable listed companies in Vietnam’s Q3/2025 earnings season, while property developer Novaland recorded the largest loss.

Finance - Tue, November 18, 2025 | 8:24 am GMT+7

Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales

Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales

Highlands Coffee, Vietnam’s largest coffee chain, delivered its best quarterly performance in two years, with Q3 EBITDA exceeding PHP666 million ($11.27 million), parent company Jollibee Foods Corporation (JFC) said in its latest earnings report.

Companies - Mon, November 17, 2025 | 10:21 pm GMT+7

Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo

Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo

VinEnergo, an energy company backed by Vingroup chairman Pham Nhat Vuong, has added a new foreign shareholder after Hong Kong–based Dynamic Invest Group Ltd. acquired a 5% stake, according to a regulatory filing on Saturday.

Companies - Mon, November 17, 2025 | 9:52 pm GMT+7

Thai giant CP’s Q3 Vietnam revenue drops 20% as hog prices slump

Thai giant CP’s Q3 Vietnam revenue drops 20% as hog prices slump

Thailand’s Charoen Pokphand Foods PCL (CPF) reported a sharp downturn in its Vietnam business in Q3, making the country its only major market to contract.

Companies - Mon, November 17, 2025 | 4:16 pm GMT+7

Surging demand for gas turbines tightens supply chains, extends lead times: Siemens Energy

Surging demand for gas turbines tightens supply chains, extends lead times: Siemens Energy

Demand for gas turbines is rising rapidly, especially in regions with a surge in data center development, tightening supply chains and extending lead times - factors that investors must closely track during project preparation, according to Siemens Energy.

Companies - Mon, November 17, 2025 | 1:34 pm GMT+7

Novaland completes first phase of restructuring, targets 'returning to growth' from 2027

Novaland completes first phase of restructuring, targets 'returning to growth' from 2027

Novaland, a leading real estate developer in Vietnam, said it has completed the first phase of its multi-year restructuring plan and aims to finish the entire program by end-2026, positioning the company to return to growth from 2027.

Companies - Mon, November 17, 2025 | 12:26 pm GMT+7

Vietnam's property developer Regal Group to list shares on HCMC bourse in Q4

Vietnam's property developer Regal Group to list shares on HCMC bourse in Q4

Regal Group JSC, a property developer based in the central city of Danang, has applied to list its 200 million RGG shares on the Ho Chi Minh City Stock Exchange (HoSE) in Q4/2025.

Real Estate - Mon, November 17, 2025 | 10:52 am GMT+7

Vietnam's upstream oil & gas stocks surge on project momentum, regulatory easing

Vietnam's upstream oil & gas stocks surge on project momentum, regulatory easing

Stocks of Vietnam’s upstream oil and gas companies have surged in recent weeks, boosted by rising exploration activity and new rules that accelerate project approvals, while midstream and downstream players face pressure from falling crude prices.

Companies - Mon, November 17, 2025 | 8:57 am GMT+7

Indonesia to turn Bali into Asia’s next medical tourism hotspot

Indonesia to turn Bali into Asia’s next medical tourism hotspot

Indonesia is stepping up efforts to reduce the number of citizens seeking treatment abroad and turn Bali into Asia’s leading medical tourism hotspot.

Southeast Asia - Sun, November 16, 2025 | 9:05 pm GMT+7

Malaysia aims to become Southeast Asia’s AI, EV hub

Malaysia aims to become Southeast Asia’s AI, EV hub

Malaysia is shifting into high gear as it positions itself to become Southeast Asia’s leading hub for smart, sustainable mobility, powered by breakthroughs in electric vehicles (EVs), artificial intelligence (AI), and advanced manufacturing.

Southeast Asia - Sun, November 16, 2025 | 9:00 pm GMT+7