Vietnam seeks deeper nuclear cooperation with Russia's Rosatom

By Thai Ha
Thu, June 18, 2026 | 1:38 pm GMT+7

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.

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.

Comments ( 0)
  • Read More
Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing

Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing

Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), has entered into a strategic partnership with South Korea’s GB Innovation (GBI) to process Korean tungsten concentrate into higher-value products in Vietnam, strengthening a non-Chinese tungsten supply chain.

Companies - Thu, July 9, 2026 | 3:51 pm GMT+7

Idemitsu Kosan expands energy ecosystem in Vietnam

Idemitsu Kosan expands energy ecosystem in Vietnam

After more than three decades of operations in Vietnam, Japan’s Idemitsu Kosan is further expanding its energy ecosystem with a biomass pellet plant project in the central province of Gia Lai.

Industries - Thu, July 9, 2026 | 1:43 pm GMT+7

Two banks to list on Ho Chi Minh City bourse, expand charter capital

Two banks to list on Ho Chi Minh City bourse, expand charter capital

Vietnam's private banks Vietbank and BVBank are finalizing the last steps to transfer their trading from the unlisted public company market UPCoM to the Ho Chi Minh Stock Exchange (HoSE), while simultaneously implementing plans to increase their charter capital.

Banking - Thu, July 9, 2026 | 11:51 am GMT+7

Strong Q2 earnings, lower interest rates to bolster Vietnam stocks

Strong Q2 earnings, lower interest rates to bolster Vietnam stocks

Strong second-quarter corporate earnings and declining interest rates are expected to support Vietnam's stock market in the coming months, brokerage firms said, as the market moves beyond a period of limited news flow and enters a more favorable phase driven by improving fundamentals.

Finance - Thu, July 9, 2026 | 8:00 am GMT+7

Wistron raises construction, equipment investment in northern Vietnam province to $178 mln

Wistron raises construction, equipment investment in northern Vietnam province to $178 mln

Taiwanese technology firm Wistron has increased its investment in factory construction and equipment in Ninh Binh province to $178.27 million, adding $24.5 million to expand its facilities at Kim Bang Industrial Park.

Industries - Wed, July 8, 2026 | 7:56 pm GMT+7

Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year

Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year

Vietnam's leading developer Sun Group aims to begin construction of two urban projects worth a combined VND16.4 trillion ($623.78 million) in the central province of Quang Ngai by the end of 2026, while also advancing plans for a new expressway linking the province with the Central Highlands.

Real Estate - Wed, July 8, 2026 | 4:54 pm GMT+7

Vietnam raises airport number target to 36 by 2030 as aviation demand surges

Vietnam raises airport number target to 36 by 2030 as aviation demand surges

Vietnam plans to expand its airport network to 36 airports by 2030, up from the previous target of 30, under a revised national aviation infrastructure plan aimed at catering for rising passenger demand and boosting regional connectivity.

Infrastructure - Wed, July 8, 2026 | 4:45 pm GMT+7

Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam

Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam

Vietnamese industrial park developer IMG Phuoc Dong and Germany’s VFT Bio Fuels UG have signed a memorandum of understanding to study the development of a $3.1 billion green steel complex in the southern province of Tay Ninh.

Industries - Wed, July 8, 2026 | 4:25 pm GMT+7

Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport

Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport

Vietnam’s Minister of Public Security Luong Tam Quang has called on Japan’s Yamato Holdings to assess investment opportunities in warehousing and cargo transport systems at Gia Binh International Airport, while exploring potential cooperation and operational models with Vietnamese partners once the facility becomes operational.

Infrastructure - Wed, July 8, 2026 | 3:09 pm GMT+7

Vietnam real estate M&A favors quality, clear legal status assets as FDI priorities evolve

Vietnam real estate M&A favors quality, clear legal status assets as FDI priorities evolve

Vietnam's real estate M&A market continued to attract foreign capital in the first half of 2026 despite persistent global economic uncertainties, but foreign investors are increasingly targeting assets with clear legal status, stable cash flow, and strong operational performance, with data centers emerging as a key growth segment.

Real Estate - Wed, July 8, 2026 | 1:38 pm GMT+7

Central Vietnam hub Danang plans to tokenize nearly $4 bln in infrastructure projects to attract global capital

Central Vietnam hub Danang plans to tokenize nearly $4 bln in infrastructure projects to attract global capital

The Vietnam International Financial Center, located in the central city of Danang (VIFC Danang), plans to tokenize nearly $4 billion worth of infrastructure projects as part of a strategy to attract more global capital.

Economy - Wed, July 8, 2026 | 12:17 pm GMT+7

Computers, smartphones edge higher in price as AI memory boom tests Vietnam's ICT firms

Computers, smartphones edge higher in price as AI memory boom tests Vietnam's ICT firms

Rising memory chip prices driven by artificial intelligence are spreading from semiconductor manufacturers to consumer electronics brands such as Apple, Dell and ASUS, pushing up the prices of computers and smartphones.

Companies - Wed, July 8, 2026 | 8:00 am GMT+7

LG Innotek to build $1 bln semiconductor substrate plant in northern Vietnam

LG Innotek to build $1 bln semiconductor substrate plant in northern Vietnam

South Korea's LG Innotek will spend $1 billion to build a semiconductor package substrate manufacturing plant in Hai Phong city, with mass production scheduled to begin in the third quarter of 2028, according to local authorities.

Industries - Tue, July 7, 2026 | 11:13 pm GMT+7

Malaysia’s JLand eyes up to $6 bln high-tech hub in Hanoi

Malaysia’s JLand eyes up to $6 bln high-tech hub in Hanoi

Malaysia’s JLand Group has proposed developing a high-tech, innovation and data center complex in Hanoi with an estimated investment of $4-6 billion, as Vietnam’s capital seeks to attract technology projects and strengthen its digital infrastructure.

Infrastructure - Tue, July 7, 2026 | 4:26 pm GMT+7

PVOIL approves $600 mln crude supply plan for Nghi Son refinery

PVOIL approves $600 mln crude supply plan for Nghi Son refinery

PVOIL, a subsidiary of state-owned Petrovietnam, has approved transactions worth an estimated $600 million to supply crude oil to the Nghi Son Refinery and Petrochemical complex during the second half of 2026, as the country’s largest refinery broadens its feedstock sources beyond its traditional Kuwaiti supply.

Companies - Tue, July 7, 2026 | 1:33 pm GMT+7

F88 wins two international awards for customer-centric growth strategy

F88 wins two international awards for customer-centric growth strategy

F88, a major Vietnamese financial services company, has received two international awards from the Asian Banking & Finance (ABF), a Singapore-based publication, recognizing its initiatives in customer experience and service innovation.

Companies - Tue, July 7, 2026 | 12:42 pm GMT+7