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
Vietnam's logistics heavyweight Gemadept raises $118 mln for asset purchases, debt repayment
Gemadept Corporation, a leading port and logistics company in Vietnam, has successfully sold 102.7 million shares to existing shareholders at the price of VND29,000 ($1.14) apiece, raising VND2,978 billion ($117.3 million).
Companies - Thu, December 12, 2024 | 8:15 am GMT+7
Vietnam's Mekong Delta offers significant potential for biomass power generation: Erex exec
The Mekong Delta region's abundance of straw and rice husks provides an affordable and sustainable resource for biomass power generation, says Tomoki Kakuta, CEO of Erex Group.
Energy - Wed, December 11, 2024 | 11:23 pm GMT+7
Indonesia to reduce corn, salt, sugar imports in 2025
Indonesia will slash corn, salt, sugar import quotas for 2025 as part of its efforts to make domestic industries use more domestic products.
Southeast Asia - Wed, December 11, 2024 | 11:02 pm GMT+7
Vietnam a promising market for supply chain diversification, risk mitigation: German association AHK
German businesses see significant growth potential in Vietnam's promising market, especially when the country’s focus on renewable energy and sustainability aligns with Germany’s strengths in green technologies.
Economy - Wed, December 11, 2024 | 5:57 pm GMT+7
Philippines expected to import record rice volume
Despite record production and ample stocks, the Philippines is expected to import a record volume of rice in the 2024-2025 crop year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.
Southeast Asia - Wed, December 11, 2024 | 4:23 pm GMT+7
Vietnam's auto sales up 17% to 308,544 in Jan-Nov
Members of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 308,544 units in the first 11 months of 2024, up 17% year-on-year.
Companies - Wed, December 11, 2024 | 3:46 pm GMT+7
Indonesia's economic growth projected below 5.2%
Indonesia’s Finance Minister Sri Mulyani Indrawati has forecast a growth rate of 5.01% for the country’s economy in the fourth quarter of 2024.
Southeast Asia - Wed, December 11, 2024 | 3:37 pm GMT+7
Bamboo Capital, Foxlink, Micro Electricity partner to establish comprehensive renewable energy ecosystem in ASEAN
Vietnam's Bamboo Capital Group and Taiwanese firms Foxlink and Micro Electricity on Monday signed a strategic cooperation agreement to advance renewable energy technologies and solutions.
Bamboo Capital - Wed, December 11, 2024 | 3:35 pm GMT+7
Vietnamese lender OceanBank's name changed, leadership reshuffled
OceanBank will have its name changed to Modern Vietnam Commercial Joint Stock Bank (MBV) from December 18, aiming to become "a sustainable, safe and modern bank".
Banking - Wed, December 11, 2024 | 2:43 pm GMT+7
Private equity to enhance Vietnam stock market quality: VinaCapital exec
Private equity plays a crucial role in boosting the quality of Vietnam's stock market, especially after its anticipated status upgrade, says Nguyen Thi Dieu Phuong, deputy CEO of fund manager VinaCapital.
Economy - Wed, December 11, 2024 | 12:10 pm GMT+7
Japan valve producer Kitz launches $25 mln factory in Vietnam
Japan’s valve producer Kitz on Tuesday inaugurated a $25 million factory in the northern province of Vinh Phuc, its first plant in Vietnam.
Industries - Wed, December 11, 2024 | 11:39 am GMT+7
Propery sales in HCMC double in Nov on slight supply hike
Primary property sales in Ho Chi Minh City, Vietnam’s southern metropolis, reached 2,022 units in November, double that of the same month last year, according to a report by DKRA Consulting.
Real Estate - Wed, December 11, 2024 | 11:28 am GMT+7
ADB raises Vietnam GDP growth prediction to 6.4% in 2024, 6.6% in 2025
The Asian Development Bank (ADB) has revised up Vietnam’s GDP growth to 6.4% in 2024 and 6.6% in 2025, according to the December edition of its Asian Development Outlook (ADO).
Economy - Wed, December 11, 2024 | 9:37 am GMT+7
Vietnam increasingly important to US semiconductor industry: exec
Vietnam is becoming increasingly important to the U.S. semiconductor industry and plays a crucial role in the strategy of the U.S. Semiconductor Industry Association's (SIA) member companies, says the association’s chairman John Neuffer.
Economy - Wed, December 11, 2024 | 8:51 am GMT+7
Vietnam an extremely attractive investment destination: KKR
David Petraeus, a partner at leading global investment firm KKR, says political stability, rapidly improving infrastructure, and friendly relations with other countries make Vietnam an extremely attractive investment destination.
Economy - Wed, December 11, 2024 | 8:20 am GMT+7
Thai soup 'Tom yum kung' becomes new UNESCO intangible cultural heritage
"Tom yum kung", the iconic spicy and sour Thai prawn soup, has officially been inscribed on the UNESCO representative list of the Intangible Cultural Heritage of Humanity.
Southeast Asia - Tue, December 10, 2024 | 6:48 pm GMT+7
