Vietnam seeks deeper nuclear cooperation with Russia's Rosatom
Vietnamese Prime Minister Le Minh Hung called for expanded cooperation in nuclear energy with Russia's Rosatom, including support for Vietnam's planned Ninh Thuan 1 nuclear power plant, at a meeting with CEO Alexey Likhachev on Wednesday.
The meeting took place on the sidelines of the ASEAN-Russia Summit marking the 35th anniversary of diplomatic relations between the two sides in Kazan, the capital of Russia's Republic of Tatarstan.
The Vietnamese cabinet leader thanked the Russian state nuclear corporation and the Russian government for more than four decades of cooperation in supporting Vietnam's nuclear energy sector, including assistance in operating the Da Lat nuclear research reactor, supplying radioactive materials for cancer diagnosis and treatment, and training generations of Vietnamese scientists and specialists.
He said the high level of political trust underpinning the comprehensive strategic partnership between Vietnam and Russia provides a strong foundation for making nuclear energy cooperation a long-term strategic pillar of bilateral ties.
Prime Minister Le Minh Hung meets with Rosatom's CEO Alexey Likhachev in Kazan - the capital of Russia's Republic of Tatarstan on June 17, 2026. Photo courtesy of the government's news portal.
As an active member of the International Atomic Energy Agency, Vietnam remains committed to the peaceful use of nuclear technology, with cooperation with Russia and the development of the Ninh Thuan 1 nuclear power project regarded as key priorities, PM Hung said.
He urged Rosatom to continue supporting the extension of operations at the Da Lat research reactor during the transition period and to back the development of the Nuclear Science and Technology Center in Dong Nai city.
Hung also called for stronger cooperation in workforce training, greater localization of equipment manufacturing to reduce investment costs, and close coordination to promptly address implementation challenges.
Likhachev said he welcomed Hung on his first visit to Russia as prime minister and said the trip marked an important milestone in the comprehensive strategic partnership between the two countries.
He described Vietnam as one of Rosatom's priority partners and said the corporation was committed to working closely with Vietnamese counterparts to implement existing agreements while exploring new areas of cooperation.
Likhachev updated the prime minister on preparations for the Ninh Thuan 1 nuclear power project, saying that the signing of an intergovernmental agreement on construction would represent a historic milestone in Vietnam-Russia cooperation and that Rosatom was coordinating closely with Vietnamese partners on implementation.
He reaffirmed Rosatom's readiness to support Vietnam in developing its nuclear industry, including the construction of a modern nuclear research center, the peaceful application of nuclear technologies and the training of highly qualified nuclear specialists.
Beyond nuclear energy, Likhachev said Rosatom sees significant opportunities to expand cooperation with Vietnamese partners in renewable energy, high technology, logistics and Arctic shipbuilding, and expressed hope that both sides would continue discussions to advance these initiatives.
Under Vietnam's plans, the Ninh Thuan 1 plant will be located in Phuoc Dinh commune, Thuan Nam district, while Ninh Thuan 2 will be built in Vinh Hai commune, Ninh Hai district, both in the former Ninh Thuan province. Ninh Thuan was merged into Khanh Hoa province last July to form the new Khanh Hoa, home to the famous bays of Nha Trang and Cam Ranh.
According to a report at the February 2026 meeting of the Steering Committee for the construction of the nuclear power plant project, relevant agencies have basically completed the institutional work, implemented some tasks related to land clearance and human resource training, and completed negotiations with the Russian side and agreed on the draft intergovernmental agreement on cooperation in the construction of the Ninh Thuan 1 nuclear power plant.
EVN has been assigned as the investor for the Ninh Thuan 1 nuclear power plant, while Petrovietnam has been selected as the investor for the Ninh Thuan 2.
- Read More
Vietnam seeks deeper nuclear cooperation with Russia's Rosatom
Vietnamese Prime Minister Le Minh Hung called for expanded cooperation in nuclear energy with Russia's Rosatom, including support for Vietnam's planned Ninh Thuan 1 nuclear power plant, at a meeting with CEO Alexey Likhachev on Wednesday.
Energy - Thu, June 18, 2026 | 1:38 pm GMT+7
Vietnam PM backs expanded energy cooperation with Russia's Zarubezhneft
Vietnamese Prime Minister Le Minh Hung met with Sergei Kudryashov, CEO of Russian state oil company Zarubezhneft, on Wednesday and expressed support for expanding bilateral cooperation in oil and gas, offshore wind power and other energy projects.
Energy - Thu, June 18, 2026 | 12:26 pm GMT+7
Vietnam central bank proposes easing limit on short-term funds for long-term lending
The State Bank of Vietnam has proposed raising the maximum ratio of short-term funding that commercial banks can use for medium- and long-term lending from 30% to 40%, marking a reversal of years of tightening aimed at reducing maturity mismatch risks.
Banking - Thu, June 18, 2026 | 11:16 am GMT+7
EVNGENCO3 completes over 50% of year's profit target, accelerates investment in new power projects
Vietnam's Power Generation Corporation 3 (EVNGENCO3) has completed nearly 55% of its full-year profit target after the first five months of 2026, supported by resilient electricity demand and stable system operations, while stepping up investments in LNG-fired power, battery energy storage systems (BESS) and renewable energy projects.
Investing - Thu, June 18, 2026 | 8:17 am GMT+7
Vietnam Rubber Group plans capital hikes for listed subsidiaries as earnings climb
Vietnam Rubber Group (HoSE: GVR) plans to raise capital at several of its listed subsidiaries, starting with Phuoc Hoa Rubber, as the state-controlled giant seeks to strengthen its subsidiaries while benefiting from high rubber prices and expanding industrial park operations.
Companies - Wed, June 17, 2026 | 8:14 pm GMT+7
Vinhomes to cease land bank expansion in Vietnam, focus on capitalizing on existing projects
Vietnam’s largest listed property developer Vinhomes, a subsidiary of Vingroup (HoSE: VIC), will stop acquiring new land in the domestic market, shifting its focus toward developing its existing portfolio and extracting greater value from projects already under its control, chairman Pham Thieu Hoa said.
Companies - Wed, June 17, 2026 | 5:19 pm GMT+7
State-controlled machinery firm VEAM announces highest dividend payout in 4 years, stock listing still on hold
Vietnam Engine and Agricultural Machinery Corporation (VEAM) plans to pay more than VND6.96 trillion ($264.46 million) in dividends for 2025 at a payout ratio of 52.4%, its record high in four years, while its long-delayed stock exchange listing remains on hold due to unresolved legacy issues.
Companies - Wed, June 17, 2026 | 3:30 pm GMT+7
Aeon Mall Vietnam achieves double-digit growth in 2025, accelerates network expansion
Japan’s retail giant Aeon Mall continued to record strong growth in Vietnam last year while accelerating the expansion of its network in Danang, Thanh Hoa, Quang Ninh, and several other localities across the country.
Economy - Wed, June 17, 2026 | 2:53 pm GMT+7
Palm City project enters new development phase as Palm River subdivision launched
Nam Rach Chiec Company Limited, together with Huong Viet Properties, recently held the Palm City Urban Area kick-off ceremony and officially launched the Palm River subdivision, marking the beginning of a new development phase for the 30.2-hectare urban township in Ho Chi Minh City.
Real Estate - Wed, June 17, 2026 | 11:27 am GMT+7
Petrovietnam's assets top $44.8 bln in 2025, profit jumps 39%
Petrovietnam ended 2025 with total assets exceeding VND1,178 trillion ($44.8 billion), up nearly VND100 trillion ($3.8 billion) from a year earlier, while reporting a 39% increase in net profit and maintaining one of the country's largest cash positions.
Companies - Wed, June 17, 2026 | 8:00 am GMT+7
Coteccons dismisses concerns over executive departure, competition from Vingroup's arm
Vietnam's leading contractor Coteccons (HoSE: CTD) said a recent change in senior management was unrelated to the company's share price performance, as executives highlighted record order backlog and accelerating earnings growth amid a recovery in Vietnam's construction industry.
Companies - Tue, June 16, 2026 | 5:26 pm GMT+7
VinaCapital lists 2 strategic ETFs as Vietnam fund market broadens
Vietnam’s leading investment management firm VinaCapital has listed two strategic exchange-traded funds (ETFs) on the Ho Chi Minh City Stock Exchange, expanding investment options for investors seeking targeted exposure to Vietnam's long-term economic growth themes.
Finance - Tue, June 16, 2026 | 4:39 pm GMT+7
Oil & gas industry gives Vietnam edge in offshore wind supply chain: Global Wind Energy Council CEO
Vietnam is well positioned to play a significant role in the offshore wind power supply chain thanks to its established manufacturing base and expertise developed through its oil & gas industry and existing wind power projects, according to Ben Backwell, CEO of the Global Wind Energy Council (GWEC).
Energy - Tue, June 16, 2026 | 4:31 pm GMT+7
Vietnam banking, retail, oil stocks well placed for market recovery: brokerages
Vietnamese banking, retail and oil-gas stocks are among the sectors best positioned to benefit from a potential market recovery after months of pressure from geopolitical tensions and macroeconomic headwinds, according to local brokerages.
Finance - Tue, June 16, 2026 | 1:04 pm GMT+7
Petrovietnam, Huawei discuss cooperation in digital transformation, AI, energy technologies
State-owned Petrovietnam and China's Huawei Technologies discussed potential cooperation in digital transformation, artificial intelligence and digital energy infrastructure during a meeting last week, as the Vietnamese giant seeks to modernize its operations and expand into new energy sectors.
Companies - Tue, June 16, 2026 | 12:20 pm GMT+7
Over 38% of Vietnamese businesses still face informal costs despite reforms: survey
More than 38% of businesses in Vietnam still pay informal charges, highlighting persistent gaps between regulatory reforms and their implementation, according to a survey by the Vietnam Chamber of Commerce and Industry (VCCI).
Economy - Tue, June 16, 2026 | 11:26 am GMT+7
















