Senior officials from Vietnam's Ministry of Industry and Trade recently stated publicly: Vietnam's nuclear power development plan faces risks of delay. We are accelerating efforts to reach a cooperation agreement with Russia, hoping to complete the signing within one month to mitigate the impact caused by the previously stalled cooperation progress with Japan.

It is understood that last year, Japanese Ambassador to Vietnam Naoki Ito publicly stated that due to time constraints, Japan had decided to withdraw from the plan to build the Ninh Thuan 2 nuclear power plant in Vietnam.

Vietnam originally had years of cooperation with Japan in the nuclear power field. According to the original plan, the two nuclear power plants in Ninh Thuan (Ninh Thuận Nuclear Power Plant) were to be put into operation simultaneously by 2035. However, due to various factors, negotiations between the two sides stalled, and the project progress fell significantly behind schedule.

Against this backdrop, Vietnam has turned its attention to Russia, hoping to leverage Russia's mature experience in nuclear power plant construction and operation to finalize a cooperation agreement as soon as possible. Vietnam revealed that negotiations with Russia have entered a critical stage, covering areas such as reactor technology selection, financing arrangements, construction timelines, and localization production ratios. Vietnam hopes to complete the agreement signing within this month to initiate preparatory work within the year and prevent further delays to the overall nuclear power plan.