Nuclear power project in Ninh Thuan delayed due to economic situation

VCN- On the afternoon of 22nd November 2016, the National Assembly adopted Resolution XIV to delay the construction of nuclear power plants in Ninh Thuan with 92% of the total votes. In the evening of that day, the Government Office organized a press conference to announce a number of contents related to the delay of the nuclear power project.
dung du an nha may dien hat nhan ninh thuan do tinh hinh kinh te Hosting APEC Year 2017 – centre of Vietnam’s external activities
dung du an nha may dien hat nhan ninh thuan do tinh hinh kinh te State Bank of Vietnam: The exchange rate is performing quite normally.
dung du an nha may dien hat nhan ninh thuan do tinh hinh kinh te Vietnam ready for APEC events in 2017
dung du an nha may dien hat nhan ninh thuan do tinh hinh kinh te
The Minister, the Head of the Office of Government, Mr. Mai Tien Dung at the press conference. Photo: Huong Diu.

The project for construction of nuclear power plants in Ninh Thuan was approved by the National Assembly in Resolution No. 41/2009/QH12 of 25 November 2009. The project consists of two nuclear power plants: Ninh Thuan 1 and Ninh Thuan 2; with a capacity of 2,000 MW per plant, to provide electricity to the national system.

However, on the basis of a report of the Government, the National Assembly decided to vote and passed a Resolution to delay this project on 22 November 2016.

The Minister, the Head of the Office of Government, Mr. Mai Tien Dung said: "The cause of the delay is not technology and safety, but it comes from the sombre economic situation of Vietnam today. The nuclear technology of the Russian Federation and Japan to be used in the project is the most advanced technology with a very high level of safety".

Accordingly, compared to 2009 - the time of approval of this project, the current economy of Vietnam has more changes. We still have plenty of power savings and are able to link regional power with neighboring countries in the near future. In particular, the use of renewable forms of energy such as wind and solar becomes more feasible. "On the other hand, Vietnam currently needs large capital for investment and development of infrastructure projects, which boosts socio-economic development, as well as solving the problems of climate change", the Minister, Mr. Mai Tien Dung stressed.

In response to a question from the press related to the impact of the delay of the nuclear power project on the security of the national electricity supply, Mr. Hoang Quoc Vuong, the Deputy Minister of Industry and Trade said: By 2030, if the project is completed, nuclear power plants will contribute 3.6% of capacity, 5.7% of electricity production to the national electricity system. Thus, this delay will not much influence the security of national electricity supply. Moreover, Vietnam has many programs to develop energy projects in the form of renewable electricity as well as measures to link power from neighboring countries, especially from Lao PDR.

Regarding the influence of the delay on relations with partners such as Russia and Japan, the Government spokesman said that the Government of Vietnam announced the delay of this project to foreign partners at the same time with the announcement to the National Assembly. Although Russian and Japanese partners have expressed their regret, they basically expressed sympathy with Vietnam on this decision. Also, the Governments of Russia and Japan hope to strengthen cooperation and support Vietnam in the field of infrastructure development.

"The Government of Vietnam affirmed that the delay of this project did not affect the strategic partnership with the Russian Federation and Japan", the Minister, Mr. Mai Tien Dung stressed.

Until now, a number of major projects have been implemented such as: power supply system, relocation of migration projects, training and development of human resources for the projects.

Mr. Hoang Quoc Vuong said that the above projects which have been implemented will continue to be used for the target of socio-economic development of Ninh Thuan province. For example, for the power supply system, Electricity of Vietnam Group (EVN) will hand over to the power company in Ninh Thuan province; the Building Zone will be handed over to the Management Board of Bac Ai whch is the key project of Ninh Thuan province. Nearly 400 students who have gone to Russia and Japan to study subjects related to nuclear power will continue to be trained to serve the needs of nuclear development for peaceful purposes, or participate in operation of other thermal power plants.

dung du an nha may dien hat nhan ninh thuan do tinh hinh kinh te China asked to share information about nuclear projects

Vietnam has asked China for early cooperation in regular information sharing mechanisms regarding the nuclear projects.

In general, the delay of the nuclear power project has been carefully and deliberately reviewed with the highest responsibility of the Central Committee of the Communist Party, the National Assembly and the Government to ensure sustainable development of the country. For this delay, the Deputy Minister of Industry and Trade has acknowledged that the project has given us profound lessons of the forecast. Thus, we shoud raise the competence of the staff, especially for the team on strategic policies to have better forecasting, which is suitable with the reality.

By Huong Diu/ Hoang Anh

Related News

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Vietnam, Korea Customs sign AEO MRA

Vietnam, Korea Customs sign AEO MRA

VCN- The Director General of the General Department of Vietnam Customs (GDVC), Mr Nguyen Van Tho, and the Commissioner of Korea Customs Service (KCS), Mr Ko Kwang Hyo, signed the Authorized Economic Operator Mutual Recognition Agreement (AEO MRA) on the afternoon of December 24, at the GDVC’s headquarters.
Prioritizing semiconductor workforce training

Prioritizing semiconductor workforce training

VCN - Vietnam is well-positioned to participate deeply in the global semiconductor industry. Experts believe that developing a skilled workforce in microchips and semiconductors should be a long-term priority to effectively capitalize on this opportunity.
Vietnam-Cambodia: Looking back on journey of cooperation

Vietnam-Cambodia: Looking back on journey of cooperation

VCN – The bilateral meeting between the General Department of Vietnam Customs (GDVC) and the General Department of Customs and Excise of Cambodia (GDCEC) was held by the GDVC on December 9.
Comment

Latest News

15th National Assembly concludes ninth extraordinary session

15th National Assembly concludes ninth extraordinary session

NA Chairman Trần Thanh Mẫn highlighted this session as a significant milestone in legislative development, playing a crucial role in streamlining the political system.
Party chief requests priority for sci-tech development, digital transformation

Party chief requests priority for sci-tech development, digital transformation

The Party chief asked for prompt amendments to the Law on Science and Technology, followed by revisions to other laws to ensure consistency and alignment with practical requirements.
Monetary policy is a key factor for economic stability and growth

Monetary policy is a key factor for economic stability and growth

VCN – Vietnam’s economy is forecast to grow by 6.7% in 2025, Standard Chartered Bank reported.
Việt Nam commits to being safe, attractive destination for investors

Việt Nam commits to being safe, attractive destination for investors

The Deputy Prime Minister said from an underdeveloped economy, devastated by war, Việt Nam has risen to become the 33rd largest economy in the world with the size of the economy increasing about 60 times compared to the period before renewal.

More News

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector

Dũng’s message to Việt Nam’s business community was clear: the private sector must continue to evolve and innovate to maintain its role as a key driver of economic development in the face of new global challenges.
Positive economy growth forecast in 2025, but caution remains

Positive economy growth forecast in 2025, but caution remains

Growth is expected to moderate from 7.5 per cent year-on-year in H1 to 6.1 per cent in H2, driven by increased business activity and sustained foreign investment.
Labour market to see changes in key industries

Labour market to see changes in key industries

It is anticipated that the technology, renewable energy and logistics sectors would continue to expand rapidly in 2025.
Prime Minister warns of possible global trade war, pushes for preparation

Prime Minister warns of possible global trade war, pushes for preparation

The Government leader warns of a possibility of a trade war that may disrupt the global supply chain.
Positive economic indicators recorded in early 2025: Gov

Positive economic indicators recorded in early 2025: Gov't spokesperson

Trade remained smooth, with total import-export turnover estimated at $63.15 billion, down 10.5 per cent from the previous month and 3.5 per cent year-on-year.
General Secretary urges immediate return to work after Tết

General Secretary urges immediate return to work after Tết

Party General Secretary Tô Lâm praised efforts to ensure a well-organised holiday, but stressed the need for authorities and businesses to return to work promptly. He warned against extended celebrations and called for full focus on meeting February and first-quarter deadlines.
Government holds gathering to celebrate Party’s 95th anniversary, Lunar New Year

Government holds gathering to celebrate Party’s 95th anniversary, Lunar New Year

PM Phạm Minh Chính expressed his hope for continued support from the Party Central Committee, its Politburo and Secretariat, current and former leaders, the National Asembly, and the Việt Nam Fatherland Front for the Government to fulfil its tasks, creating momentum for the whole country to make development breakthrough and enter the era of the nation’s rise.
Việt Nam’s manufacturing PMI slips into contraction in January

Việt Nam’s manufacturing PMI slips into contraction in January

Business conditions in the Vietnamese manufacturing sector weakened in the first month of 2025 with drops in both output and new orders.
Party’s 95-year journey: Capitalising on great solidarity in era of nation’s rise

Party’s 95-year journey: Capitalising on great solidarity in era of nation’s rise

The past 95 years have formed a glorious and pride-worthy period for the Vietnamese people as they have gradually eliminated poverty and backwardness, steadily moving towards a wealthier and happier future.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
15th National Assembly concludes ninth extraordinary session

15th National Assembly concludes ninth extraordinary session

NA Chairman Trần Thanh Mẫn highlighted this session as a significant milestone in legislative development, playing a crucial role in streamlining the political system.
Party chief requests priority for sci-tech development, digital transformation

Party chief requests priority for sci-tech development, digital transformation

The Party chief asked for prompt amendments to the Law on Science and Technology, followed by revisions to other laws to ensure consistency and alignment with practical requirements.
Monetary policy is a key factor for economic stability and growth

Monetary policy is a key factor for economic stability and growth

VCN - Standard Chartered's report also forecasts Vietnam's economic growth at 7.5% in the first half of the year and at 6.1% in the second half of the year compared to the same period last year.
Việt Nam commits to being safe, attractive destination for investors

Việt Nam commits to being safe, attractive destination for investors

The Deputy Prime Minister said from an underdeveloped economy, devastated by war, Việt Nam has risen to become the 33rd largest economy in the world with the size of the economy increasing about 60 times compared to the period before renewal.
Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector

Dũng’s message to Việt Nam’s business community was clear: the private sector must continue to evolve and innovate to maintain its role as a key driver of economic development in the face of new global challenges.
Mobile Version