Malaysia steps up efforts to explore nuclear energy potential

By Vietnam News Agency
Thu, August 7, 2025 | 8:10 am GMT+7

Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.

Climate Governance Malaysia Director Gary Theseira suggests Malaysia ties up with Indonesia and the Philippines to jointly develop nuclear plants. Photo courtesy of freemalaysiatoday.

Climate Governance Malaysia Director Gary Theseira suggests Malaysia ties up with Indonesia and the Philippines to jointly develop nuclear plants. Photo courtesy of freemalaysiatoday.

Chang Lih Kang said nuclear energy has long been identified as a strategic area, with the Ministry of Science, Technology and Innovation (MOSTI) playing a key role in advancing related technologies, developing talent, and formulating the regulatory framework.

Discussions between MOSTI and PETRA have been ongoing, but this time, with clear government backing under the 13th Malaysia Plan (13MP), the two ministries are now moving forward in a more comprehensive and structured manner.

Prime Minister Datuk Seri Anwar Ibrahim, in tabling the 13MP on July 31, stated that the government is considering nuclear energy as one of the clean, competitive, and safe energy sources for the future. A structured assessment is currently underway to evaluate its role in Malaysia’s long-term energy mix.

The initiative aims to diversify energy sources, enhance energy security, support national carbon reduction targets, and reduce reliance on fossil fuels, aligning with the country’s climate commitments and rising energy demand.

Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Fadillah Yusof on Wednesday said while Malaysia is considering adopting nuclear power as part of its long-term energy generation mix, the final decision on nuclear energy will only be made after 2030.

At the moment, the government has not committed to building any nuclear power plants yet. Instead, it had established a dedicated nuclear power organisation. This organization serves to evaluate the necessary frameworks, which include international treaties, domestic regulations, and human capital requirements.

The decision will only come once the government has studied the entire regulation and technologies involved. Moreover, public acceptance is a crucial factor, as the government can only move forward with nuclear energy if the public approves. The government must also prioritize safety and the environment.

Comments ( 0)
  • Read More
Danang airport starts $57 mln terminal expansion

Danang airport starts $57 mln terminal expansion

Vietnam's central city of Danang has started construction on a nearly VND1.5 trillion ($56.88 million) expansion project for the international passenger terminal (T2) at Danang International Airport, as the city seeks to ease congestion and strengthen its position as a regional tourism hub.

Infrastructure - Wed, May 20, 2026 | 9:23 pm GMT+7

Petrovietnam names Le Manh Cuong as CEO

Petrovietnam names Le Manh Cuong as CEO

State-owned giant Petrovietnam has appointed Le Manh Cuong as CEO, elevating a longtime industry executive with more than three decades of experience across Vietnam’s offshore energy and oil-services sector.

Companies - Wed, May 20, 2026 | 4:49 pm GMT+7

Nvidia expands Vietnam hiring as Foxconn emerges as potential high-end GPU manufacturing partner

Nvidia expands Vietnam hiring as Foxconn emerges as potential high-end GPU manufacturing partner

Nvidia is ramping up recruitment in Vietnam for manufacturing and operations roles tied to high-end graphics processing units, in a sign the U.S. chipmaker may be preparing to assemble advanced AI server hardware in the country as part of a broader supply chain shift.

Companies - Wed, May 20, 2026 | 3:40 pm GMT+7

Vietnam defense ministry to take over My Dinh national sports complex

Vietnam defense ministry to take over My Dinh national sports complex

The management of My Dinh National Sports Complex in Hanoi will be transferred to the Ministry of National Defense, as authorities move to address long-standing operational and financial problems at the country’s largest sports venue.

Real Estate - Wed, May 20, 2026 | 3:27 pm GMT+7

Bluemarq Group: Why profits are rising but shareholders’ earnings keep shrinking

Bluemarq Group: Why profits are rising but shareholders’ earnings keep shrinking

Bluemarq Group, formerly known as Dat Xanh Group, posted a strong rebound in first-quarter earnings as its real estate brokerage business accelerated sharply.

Companies - Wed, May 20, 2026 | 3:12 pm GMT+7

USD/VND exchange rate remains elevated

USD/VND exchange rate remains elevated

The USD/VND exchange rate remains under pressure as the State Bank of Vietnam on Wednesday raised the daily reference exchange rate to VND25,135 per U.S. dollar.

Banking - Wed, May 20, 2026 | 1:07 pm GMT+7

The return of once-high-profile Vietnamese tycoons draws market attention

The return of once-high-profile Vietnamese tycoons draws market attention

A wave of comebacks by several once high-profile Vietnamese businessmen is drawing renewed attention from stock market investors, reviving memories of a turbulent period in the country’s corporate sector while raising fresh expectations about the role of business leaders in the post-crisis era.

Companies - Wed, May 20, 2026 | 10:28 am GMT+7

Standard Chartered sets out sustainable growth plan, targeting 18% return on tangible equity in 2030

Standard Chartered sets out sustainable growth plan, targeting 18% return on tangible equity in 2030

Standard Chartered says it plans to invest ahead of long-term trends to maintain strong growth, boost productivity, further improve the quality of earnings, and maximize its competitive advantages.

Banking - Wed, May 20, 2026 | 9:43 am GMT+7

What makes Viet Ha Brewery attractive to investors?

What makes Viet Ha Brewery attractive to investors?

Despite posting relatively modest business results, Viet Ha Investment and Trading JSC has attracted strong investor interest thanks to its large cash holdings, extensive land bank and a portfolio of real estate projects in Hanoi.

Companies - Tue, May 19, 2026 | 9:13 pm GMT+7

Hanoi commences work on $6.1 bln highway corridor, $199 mln waste-to-power projects

Hanoi commences work on $6.1 bln highway corridor, $199 mln waste-to-power projects

Hanoi on Tuesday broke ground on two major infrastructure projects worth a combined VND167.25 trillion ($6.3 billion), underscoring the capital’s push to modernize transport networks and expand environmental infrastructure amid rapid urbanization.

Infrastructure - Tue, May 19, 2026 | 8:34 pm GMT+7

VSIP gets nod to develop $26 mln industrial park phase 2 in central Vietnam

VSIP gets nod to develop $26 mln industrial park phase 2 in central Vietnam

Nghe An province authorities have approved VSIP as the investor for the second phase of Tho Loc Industrial Park, with an estimated investment of VND688 billion ($26 million).

Industrial real estate - Tue, May 19, 2026 | 4:18 pm GMT+7

Geleximco plans $300 mln high-tech livestock, tea cultivation project in northern Vietnam

Geleximco plans $300 mln high-tech livestock, tea cultivation project in northern Vietnam

Geleximco is seeking approval to invest $300 million in a large-scale high-tech livestock and tea cultivation project in Vietnam’s northern mountainous province of Tuyen Quang, marking the conglomerate’s potential entry into the country’s rapidly expanding livestock sector.

Industries - Tue, May 19, 2026 | 2:39 pm GMT+7

Underground space emerges as Hanoi’s ‘new growth axis’

Underground space emerges as Hanoi’s ‘new growth axis’

As land availability in Hanoi’s urban core becomes increasingly constrained, the Vietnamese capital is beginning to look underground for future expansion rather than continuing the outward urban sprawl that has defined its growth for decades.

Economy - Tue, May 19, 2026 | 2:12 pm GMT+7

Brokerage exec explains prolonged net selling trend by foreign investors

Brokerage exec explains prolonged net selling trend by foreign investors

The Vietnamese stock market has continued to record net selling by foreign investors though FTSE Russell on April 7 confirmed the reclassification from frontier to secondary emerging status, effective from September 21, 2026.

Finance - Tue, May 19, 2026 | 12:39 pm GMT+7

Brokerage VNDirect set to return to growth path after 2024 cyberattack: chairwoman

Brokerage VNDirect set to return to growth path after 2024 cyberattack: chairwoman

Pham Minh Huong, chairwoman of VNDirect Securities, said the brokerage has spent the past two years rebuilding its technology, operations and governance systems to adapt to a changing market environment, particularly following a cyberattack in 2024.

Companies - Tue, May 19, 2026 | 11:27 am GMT+7

Vietnam’s private sector entering ‘a new bright phase’: report

Vietnam’s private sector entering ‘a new bright phase’: report

Vietnam’s private sector has moved beyond a defensive phase and is preparing for a new period of expansion despite persistent challenges, according to a report by the Vietnam Chamber of Commerce and Industry (VCCI).

Economy - Tue, May 19, 2026 | 10:54 am GMT+7