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 ready to export first batch of sweet potatoes to China

Vietnam ready to export first batch of sweet potatoes to China

Vietnam’s 70 sweet potato cultivation areas and 13 packaging facilities have been licenced to export to China, reported the Ministry of Agriculture and Rural Development (MARD)’s Plant Protection Department.
Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Vietnam active at UN Human Rights Council’s 52nd session

Vietnam active at UN Human Rights Council’s 52nd session

The Vietnamese delegation, led by Deputy Prime Minister Tran Luu Quang, made active contributions to the agenda of the 52nd regular session of the UN Human Rights Council (UNHRC) that concluded in Geneva on April 4.

Latest News

Private sector remains driving force for economy

Private sector remains driving force for economy

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.
State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

The State visit to Vietnam by Australian Governor-General David Hurley at an invitation of President Vo Van Thuong will deepen the goodwill and trust for the mutual benefit of both countries, said Dr Suiwah Leung, Honourary Associate Professor at the Australian National University’s Crawford School of Public Policy.
Vietnam"s economy to grow by 6.6% this year: OECD

Vietnam"s economy to grow by 6.6% this year: OECD

Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development (OECD).
Bright outlook for Vietnamese tourism in new situation

Bright outlook for Vietnamese tourism in new situation

Vietnam’s tourism holds a lot of potential for development, especially in the context of new favourable factors, according to an article published on the website of Lianhe Zaobao newspaper.

More News

Vietnam, US hold 12th Political, Security, Defence Dialogue

Vietnam, US hold 12th Political, Security, Defence Dialogue

The 12th Vietnam-US Political, Security and Defence Dialogue was held in Washington D.C on March 30 under the co-chair of Vietnamese Deputy Minister of Foreign Affairs Ha Kim Ngoc and US Assistant Secretary of State for Political-Military Affairs Jessica Lewis.
Vietnam calls for comprehensive, all-society approach to waste management

Vietnam calls for comprehensive, all-society approach to waste management

Minister Counselor Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam to the United Nations, has called for a comprehensive and all-society approach to sustainable waste management.
Many factors support foreign capital flow

Many factors support foreign capital flow

Many factors are expected to draw cash flow back to the stock market, especially that from foreign investors.
Foreign SMEs pour capital into Vietnam

Foreign SMEs pour capital into Vietnam

Foreign small- and medium-sized enterprises (SMEs) are paying much attention to Vietnam, given the fact that the number of under-1-million USD projects accounted for nearly 70% of the total number of foreign-invested projects registered in Vietnam in the first three months of this year.
Leaders of aviation firms to be disciplined if employees committed wrongdoings

Leaders of aviation firms to be disciplined if employees committed wrongdoings

The Civil Aviation Administration of Vietnam (CAAV) has just released Directive 1480 on enhancing smuggling and commercial fraud prevention among aviation employees.
Vietnam - Lao joint border patrol held

Vietnam - Lao joint border patrol held

Border guards in the northern province of Dien Bien and Lao province of Luang Prabang have conducted a joint patrol along the shared border.
CPI increases about 4.2% in first quarter

CPI increases about 4.2% in first quarter

The consumer price index (CPI) in the first quarter of 2023 is estimated to rise 4.2-2.3% year on year, according to the Price Management Department under the Ministry of Finance.
PM orders close coordination to remove obstables to property market

PM orders close coordination to remove obstables to property market

Prime Minister Pham Minh Chinh has just signed a document requesting more efforts to promote the development of and remove obstacles to the real estate market.
PM chairs Government meeting on law building

PM chairs Government meeting on law building

The Government convened a thematic meeting on law building under the chair of Prime Minister Pham Minh Chinh in Hanoi on March 27.
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
Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.
Vietnam active at UN Human Rights Council’s 52nd session

Vietnam active at UN Human Rights Council’s 52nd session

The Vietnamese delegation, led by Deputy Prime Minister Tran Luu Quang, made active contributions to the agenda of the 52nd regular session of the UN Human Rights Council (UNHRC) that concluded in Geneva on April 4.
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Prime Minister Pham Minh Chinh affirmed Vietnam’s commitment to cooperation in building a prosperous, fair and healthy Mekong river basin while addressing the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos on April 5.
Việt Nam, US hold 12th political, security, defence dialogue

Việt Nam, US hold 12th political, security, defence dialogue

They shared their determination to maintain cooperation in clearing mines and explosives, decontaminating dioxin, supporting war-affected people in Việt Nam.
Private sector remains driving force for economy

Private sector remains driving force for economy

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.
Mobile Version