Vietnam’s National Assembly has approved the restart of the Ninh Thuận nuclear power plant project, including additional budget allocations. Originally approved in 2009, the project was to consist of four nuclear reactors, each with a capacity of 1 GW, at two plants in the central province of Ninh Thuận. The project, initially awarded to Japan Atomic Power and Russia’s Rosatom, faced delays following the Fukushima disaster in 2011, leading to a 2016 decision to cancel the plans. However, in 2022, the National Assembly Economic Committee proposed resuming the project, which led to the recent approval.
In October 2024, the Ministry of Trade and Industry of Vietnam announced it would amend its national power development plan (PDP8) to incorporate nuclear energy options, signalling a shift back toward nuclear power as part of the country’s energy strategy. The total cost of the project is estimated at around USD8.9 billion, with a planned capacity of 4 GW once completed.