Vietnam Nuclear Program
Ninh Thuan 1 & 2 · IAEA Phase 2 · Active since 2024
Program Summary
Key Challenges
Workforce shortage — 4,000 personnel needed by 2030
Aggressive timeline — first plant by 2031–2035
Regulatory capacity — VARANS needs development
Financing — $22B equals ~5% of GDP
Geopolitical complexity — Russian + Korean technology simultaneously
Nuclear Plants
Ninh Thuan 1
Active
Partner
Russia — Rosatom
Ninh Thuan 2
Negotiation
Partner
Korea — KEPCO
International Partnerships
RussiaSouth Korea
Canada
France
United StatesWorkforce Development
Project 1012
MOIT4,000 personnel by 2030
Target
670
Overseas trained target
473
Trained in Russia (2014–2025)
11
Designated universities
11 designated training universities
473 trained in Russia since 2014
3 tracks: management, technical, operations
Recent Developments
Korea Eximbank, K-Sure, KEPCO & PVN sign financing exploration agreement for NT2
Korea Eximbank, K-Sure, KEPCO and PVN signed a financing exploration agreement for Ninh Thuan 2.
Vietnam-Russia IGA signed for Ninh Thuan 1 VVER-1200 construction
An intergovernmental agreement (IGA) between Vietnam and Russia was signed for the construction of Ninh Thuan 1 using VVER-1200 technology.
New Atomic Energy Law comes into effect
Vietnam's new Atomic Energy Law designates nuclear power as a national strategic priority and supports SMR development.
IAEA INIR Phase 2 mission conducted
IAEA conducted an Integrated Nuclear Infrastructure Review (INIR) Phase 2 mission, reviewing readiness across 19 infrastructure issues.
PECC2-Rosatom agreement to update NT1 feasibility study
Power Engineering Consulting Company 2 (PECC2) signed an agreement with Rosatom to update the feasibility study for Ninh Thuan 1.
KEPCO-PVN MOU signed on NT2 workforce development collaboration
KEPCO and PetroVietnam signed an MOU on workforce development collaboration for the Ninh Thuan 2 project.
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