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Korea and UAE Eye Joint Bid for Vietnam's Ninh Thuan 2 Nuclear Power Project

A South Korean team comprising the Korean government, Korea Electric Power Corporation (KEPCO), and Korea Hydro & Nuclear Power (KHNP) is seeking cooperation with the United Arab Emirates (UAE) to jointly compete for Vietnam's nuclear power project. The proposed plan aims to combine South Korea's experience in large-scale nuclear power plant construction with the UAE's financial strength to enhance both parties' competitiveness in the international nuclear power market. According to sources from South Korea's nuclear power industry, the Ministry of Trade, Industry and Energy (MOTIE) held a high-level meeting with Vietnam's Ministry of Industry and Trade (MOIT) in Hanoi earlier this month, proposing a joint South Korea-UAE participation in the construction of Vietnam's Ninh Thuan 2 Nuclear Power Project. The Ninh Thuan nuclear power project is located in Ninh Thuan Province in central Vietnam, with plans to build four nuclear power units. In the early arrangements of the project, Russia planned to bid for the Ninh Thuan 1 Nuclear Power Project, while Japan planned to bid for the Ninh Thuan 2 Nuclear Power Project. After Japan withdrew and relinquished its preferential bidding rights, South Korea gained the opportunity to enter the competition for the project.

2026-08-01

Vietnam's Ninh Thuan Nuclear Power Plant Phases 1 and 2 Accelerate: Resettlement and Land Clearance Take Priority

On July 31, 2026, the Vietnam News Agency reported that the People's Committee of Khanh Hoa Province is urgently implementing tasks assigned by the central government to advance Sub-projects No. 1 and No. 2 of the Ninh Thuan 1 Nuclear Power Plant (Phuoc Dinh Commune) and the Ninh Thuan 2 Nuclear Power Plant (Vinh Hai Commune) — namely, resettlement and land clearance works. The Khanh Hoa Provincial Investment and Construction Project Management Board has been designated by the Provincial People's Committee as the investor for the two sub-projects. Regarding Sub-project No. 1 (resettlement and land clearance) of the Ninh Thuan 1 Nuclear Power Plant, the Provincial Project Management Board has completed the approval of construction drawings and budgets and is currently selecting contractors for 6 construction and installation packages. Among them, Package No. 15 (technical infrastructure for the resettlement area) has completed contractor selection and signed the construction contract. The construction unit has received 34.7 hectares of land and coordinate markers out of the 65.12-hectare resettlement area, and the temporary camp and project headquarters have commenced construction. The remaining packages pending bidding include: Package No. 14 (water supply facilities for the resettlement area), Package No. 16 (social infrastructure for the resettlement area), Package No. 17 (fishing vessel berthing area and revetment embankment), Package No. 18 (cemetery facilities), and Package No. 33 (construction and renovation of medium-voltage power lines and substations).

2026-07-31