return icon

Will cheap nuclear power be safe enough?

Vietnam is drafting the eighth national power development master plan after failure to implement electricity generation and electricity network projects under the seventh plan.

According to Deputy Minister of Industry and Trade Hoang Quoc Vuong, the seventh master plan was adjusted several times: nuclear power projects were stopped, and some coal-fired thermopower centers in the western part of the southern region could not be implemented. Some BOT projects have also been going very slowly.





“The failure to implement power projects under the seventh master plan will adversely affect the electricity supply in the time to come,” Vuong said, warning that Vietnam may face electricity shortage from now to 2025.

He believes that it is necessary to diversify electricity generation sources to ensure electricity security and reasonable distribution nationwide.

Le Thi Thu Ha from the Energy Institute said there are six scenarios on the development of major sources of power in the eighth master plan.

Scenarios 1, 2 and 3 set a higher proportion of renewable energy in the total electricity output. Scenario 4 mentions the target of cutting greenhouse gas by 25 percent.

Vietnam is drafting the eighth national power development master plan after failure to implement electricity generation and electricity network projects under the seventh plan.

With Scenario 5, Vietnam would not build more coal-fired power plants after 2030. Scenario 6 considers developing nuclear power after 2035 with 1,000 MW of nuclear power by 2040 and 5,000 MW by 2045.

Ha said the plan's compilers suggested developing renewable power in the southern and central regions, while LNG and coal imports would be mostly in the north.

After 2025, flexible power sources such as pumped storage hydropower and LNG will be essential to ensure demand and serve as backup for wind and solar power.

Nguyen Manh Cuong from the Energy Institute said there are major differences between the eighth master plan and the previous plans.

Under the sixth and seventh master plans, Vietnam still relied on traditional power sources, including hydropower, thermopower and gas turbines. The eighth plan is in the renewable energy era and needs a different approach.

Solar and wind power depend on weather conditions, and electricity supply must not be interrupted. The design methods in the eighth plan are also different.

"In general, there are 1,780 hours of light a year, so we are building a mechanism that uses technology in the most effective way,” Cuong explained.

Regarding the nuclear power development in the eighth master plan, Cuong said this power source is stable, large in capacity, and cheap. He believes that safety is ensured if nuclear power plants use modern technologies and power plants follow strict management rules.

“We are open to the possibility of using nuclear power,” he said. 

Trong Dat

Thermal, nuclear power key to Vietnam’s energy security: expert

Thermal, nuclear power key to Vietnam’s energy security: expert

Dr Nguyen Manh Hien, former head of the Energy Institute under the Ministry of Industry and Trade, talks about Vietnam’s energy security.

Renewable energy market picks up as many projects put on sale

Renewable energy market picks up as many projects put on sale

As wind and solar power project developers now can enjoy a high FIT (feed in tariff) price, investors are registering more projects to resell for profit.


Vietnam posts US$10.6 billion trade surplus in Jan-Nov

The country’s exports amounted to US$342.2 billion while its import spending totaled US$331.6 billion between January and November, generating a trade surplus of US$10.6 billion, according to the General Statistics Office of Vietnam.

What are Vietnam’s opportunities in the face of new reforms in China?

Vietnam-China relations in the past were based mostly on trade and construction bids. What will be important for the new period?

US spends over US$13 billion purchasing local computers and electronics

Vietnamese electronic computers and component exports to the United States during the initial 10 month of the year surged by 26.4% to reach US$13.23 billion against the same period from last year.

Experts discuss need for capital disbursement, loans to enterprises

More public investment funds should be disbursed and credit limits lifted to provide capital and improve capital flow, experts have said.

Vietnam welcomes 2.95 million foreign tourists over 11-month period

The country welcomed 2.95 million foreign visitors during the initial 11 months of the year, a figure 21.1 times higher compared to the same period from last year, but still down 81.9% compared with pre-pandemic levels in 2019.

Ministry to tighten control of joint training programs with foreign partners

About 25,000 students are studying in about 300 joint programs with foreign schools in Vietnam.

IPP Air Cargo approval procedure suspended at investor's request

The Transport Ministry has informed to the Prime Minister of a suspension of the approval procedure for the IPP Air Cargo JSC at the request of the carrier’s investor.

Borussia Dortmund touches down in Vietnam

Renowned midfielder Marco Reus and a delegation made up of 123 players and staff from leading German side Borussia Dortmund landed at Noi Bai International Airport on November 29.

National Assembly Chairman begins official visit to Australia

National Assembly Chairman Vuong Dinh Hue and the Vietnamese NA's delegation arrived in Canberra on November 29 evening (local time), starting an official visit to Australia from November 30 - December 3.


International Circus Festival to open in December


EVN's losses estimated at VND31.3 trillion in 2022

Co la, the food tray that demonstrates Muong ethnic culture in Hoa Binh

For Muong ethnic people, especially those living in Hoa Binh Province, cỗ lá (literally means a food tray displaying several dishes) is more than just a popular food.

Experts call for Hanoi to become a 'creative city'

Cultural industry development is a new issue, and Hanoi does not have much experience promoting its potential advantages.

Apple jumps to second highest seller of smartphones in Vietnam for first time

iPhone accounted for 20.5 percent of market share in Vietnam in October 2022, according to GfK.

Credit concerns affecting Vietnamese stocks should ease soon: VinaCapital

The demand for new housing units in Vietnam is still strong and prices are still affordable, and so the prices of real estate stocks are likely to recover if and when the Government takes action to ease credit conditions.