Progress on Contract Work for Vietnam's Ninh Thuan 1 Nuclear Power Plant

Alexey Likhachev, President of Rosatom, stated on September 3 during the Eastern Economic Forum that contract work for the construction and operation of Vietnam's first nuclear power plant, Ninh Thuan 1, is progressing.

Likhachev said that relevant contract documents are being expedited, with the goal of reaching legally binding agreements on the project timeline and configuration options.

He noted that the VVER-1200 Generation III+ reactor has been selected as the technical solution for the Ninh Thuan 1 Nuclear Power Plant. Meanwhile, both sides are also conducting preliminary research work on a research reactor.

Vietnam's National Assembly decided in December 2024 to restart the Ninh Thuan 1 Nuclear Power Plant project. The project was previously suspended in 2016. According to an intergovernmental agreement signed during the Vietnamese Prime Minister's visit to Russia in March this year, the Ninh Thuan 1 Nuclear Power Plant will be built using advanced Russian technology and financed through a special loan provided by the Russian Federation.