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