Russia willing to help Vietnam build large nuclear power plant: Deputy PM
Russia is ready to participate in the construction of a large nuclear power plant and land-based or floating small modular reactors in Vietnam, says Russian Deputy Prime Minister Alexander Novak.
Alexander Novak made the statement at a Wednesday meeting with Vietnamese Prime Minister Pham Miinh Chinh on the sidelines of the BRICS Summit and the expanded BRICS meeting in Kazan, Russia.
BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates (UAE).
Delegations of Russia (left) and Vietnam at a meeting in Kazan, Russia, October 23, 2024. Photo courtesy of the government's news portal.
The two sides discussed cooperation in fuel and energy, such as opportunities for Vietnam-Russia oil-gas joint venture Vietsovpetro to make new field development projects on the country’s sea shelf; renewable energy; education-science; tourism; banking-finance; and agriculture.
For his part, the Vietnamese PM highlighted the growing partnership between the two countries. Vietnam always welcomes and facilitates Russian firms, including oil-gas ones, to expand their activities in the country, he noted.
Chinh called on the Russian government to further collaborate with Vietnam amid the global trend of green energy.
Vietnam currently has no nuclear power project. In September, the Ministry of Industry and Trade was tasked with studying development of nuclear power as a baseload source.
Vietnam’s latest national power development plan VIII (PDP VIII) does not include nuclear power, but the country is considering small modular reactors (SMRs), including floating reactors, with a capacity of 300 MW each.
The Vietnamese government has proposed that the State is the sole investor in nuclear power development, under its draft amended law on electricity.
- Related News
- Read More
Vinhomes buys 19 mln shares on first day of record-breaking buyback scheme
Vinhomes JSC, the residential housing arm of private conglomerate Vingroup, bought 19.12 million shares on Wednesday, the first day of its largest-ever buyback plan on Vietnam’s stock market.
Finance - Thu, October 24, 2024 | 4:42 pm GMT+7
China e-commerce giant Temu begins Vietnam sales, unlicensed
Temu, the e-commerce platform under China’s PDD Holding, has been selling products in Vietnam since early October, but it has not registered its operations, according to the Ministry of Industry and Trade.
Companies - Thu, October 24, 2024 | 4:30 pm GMT+7
Samsung to invest additional $1.8 bln for making OLED products in Vietnam
Samsung Display Vietnam (SDV) will invest $1.8 billion in making OLED (organic light-emitting diode) products for information technology (IT) equipment and vehicles in Vietnam.
Industries - Thu, October 24, 2024 | 1:56 pm GMT+7
Amkor, Synopsys, Intel among big names attending Vietnam’s first semiconductor expo
Many international and Vietnamese tech giants will attend the first semiconductor exhibition in Vietnam next month as the country seeks to increase its footing in the global supply chain.
Companies - Thu, October 24, 2024 | 1:53 pm GMT+7
Suntory Pepsico Vietnam aims to increase Long An factory’s output by 50%
Suntory Pepsico Vietnam Beverage (SPVB) plans to increase the annual output of its under-construction factory in the southern province of Long An by 56% to 1.24 billion liters.
Companies - Thu, October 24, 2024 | 11:10 am GMT+7
Public Bank Securities Vietnam to hike capital 7-fold after acquisition deal
Public Bank Securities Vietnam Company Limited says it will increase its charter capital by 7.4-fold four months after Public Bank Vietnam (PBVN) completed acquiring the broker from its Malaysian compatriot RHB Investment Bank (RHBIB).
Finance - Thu, October 24, 2024 | 10:12 am GMT+7
Thailand’s gas station businesses focus on non-oil services to attract customers
Competition in the gas station business in Thailand is heating up as companies continuously seek new services to attract customers, reflected through the opening of cafés at stations of the country’s four leading fuel companies.
Southeast Asia - Thu, October 24, 2024 | 9:33 am GMT+7
Dragon fruit instant noodles maker gets $1 mln investment on TV show
Caty Food JSC, a maker of dragon fruit instant noodles, has received a $1 million investment from "shark" Nguyen Hoa Binh, chairman of NextTech Group, in exchange for 10% equity.
Companies - Thu, October 24, 2024 | 8:14 am GMT+7
UK energy supply chain businesses explore opportunities in Vietnam
A green energy trade mission is on a visit to Vietnam to better understand the opportunities in Vietnam and connect with potential partners.
Energy - Wed, October 23, 2024 | 11:46 pm GMT+7
Indonesia aims to become global hub of Halal industry
Indonesia, one of the countries with largest population of Muslims in the world, has great potential and opportunity to become a major producer of halal products in the world.
Southeast Asia - Wed, October 23, 2024 | 11:24 pm GMT+7
Malaysia's economic reforms boost investment inflow
Malaysia has attracted substantial foreign investments, reaching MYR 22.2 billion ($5.16 billion) in the third quarter of 2024, the highest level for the same period since 2012, according to the UOB's Global Markets and Economics report.
Southeast Asia - Wed, October 23, 2024 | 11:22 pm GMT+7
Thai commercial banks slash lending rates to ease borrowers’ financial burden
Large local banks have announced reductions for their prime lending interest rates following the Bank of Thailand's (BoT) policy rate cut, aiming to ease the financial burden for borrowers.
Southeast Asia - Wed, October 23, 2024 | 11:21 pm GMT+7
Indonesia begins major oil, gas exploration in Sulawesi
Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block off the coast of Sulawesi.
Southeast Asia - Wed, October 23, 2024 | 11:19 pm GMT+7
Malaysia continues placing emphasis on digitalization
The Budget 2025 provides significant support to further accelerate Malaysia’s digitalization, encourage adoption of AI and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.
Southeast Asia - Wed, October 23, 2024 | 8:29 pm GMT+7
EVN Finance secures $30 mln loan from Dutch bank FMO
EVN Finance JSC, a Vietnamese non-bank financial institution established by state utility Vietnam Electricity (EVN), has secured a $30 million loan from the Dutch Entrepreneurial Development Bank (FMO).
Companies - Wed, October 23, 2024 | 7:35 pm GMT+7
$39 mln central Vietnam software park gets resumption greenlight after two-year hiatus
An expanded software park valued at nearly VND1 trillion ($39.3 million) in the central city of Danang will come on stream again after a standstill period of more than two years.
Infrastructure - Wed, October 23, 2024 | 4:29 pm GMT+7
