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Vietnam's Petrovietnam and Korea Electric Power Corporation Advance Cooperation on Ninh Thuan 2 Nuclear Power Project

On September 7, 2026, Vietnam's National Industry and Energy Group (Petrovietnam) and Korea Electric Power Corporation (KEPCO) are accelerating cooperation in nuclear power research and development. On September 8, a delegation led by Petrovietnam General Director Le Manh Cuong held a working meeting in Seoul, South Korea with a delegation led by KEPCO Chairman and CEO Kim Dong-cheol, with both sides focusing on the implementation of the cooperation agreement in the nuclear power sector. Le Manh Cuong stated that Vietnam is taking measures to create conditions for the implementation of nuclear power projects. Previously, Petrovietnam and KEPCO signed a cooperation agreement witnessed by high-level leaders of both countries, demonstrating that nuclear power has become a key area of Vietnam-Korea cooperation...

2026-09-09

Petrovietnam Calls for Synchronized Regulation and Development in Ninh Thuan 2 Nuclear Power Project

Petrovietnam has proposed adopting a synchronized coordination mechanism in the development of the Ninh Thuan 2 nuclear power project. The Group believes that for this nuclear power plant project, regulatory, licensing, and inspection procedures should proceed in parallel with the project development process during the investment preparation phase. This approach can enhance document quality, control risks, and ensure the project is implemented safely and in compliance with standards. Petrovietnam emphasized that nuclear power projects require regulatory work (including licensing, assessment, and review) to be integrated into all stages of the project lifecycle, rather than being treated as a subsequent step. The Vietnam Oil and Gas Group proposed that, to effectively advance project preparation, regulatory capacity building should be strengthened...

2026-08-06

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