Reviving Nuclear Power in Vietnam: Trends and Challenges Ahead

Vietnam is currently at a critical juncture in its energy landscape, facing escalating power demands coupled with the instability of traditional energy sources. As a response to these challenges, the role of nuclear power emerges as a pivotal solution for energy security. However, the reintroduction of nuclear energy is fraught with complexities, including technical hurdles, funding issues, social apprehensions, and the lingering shadow of incidents like the Fukushima disaster. This article delves into the current trends surrounding the revival of nuclear power projects in Vietnam, the challenges that need to be addressed, and the prospects that lie ahead.

Context and Purpose of the Report

The report by ONE-VALUE Co., Ltd. published in May 2025 comprises 14 pages of insightful analysis and valuable data for stakeholders considering investments in Vietnam's nuclear energy sector. It is essential reading for companies aiming to penetrate this market, as it outlines the latest developments in the nuclear power projects, the policy framework, legal arrangements, potential sites for construction, and opportunities for technical cooperation. Additionally, this report supports Japanese companies and other investors with critical insights needed for strategic decision-making regarding their market entry.

Historical Overview of Nuclear Power Development in Vietnam

Vietnam's journey towards nuclear energy began in the 1980s. The nation officially started exploring nuclear power in 1987, with collaborations from Japan and Russia to advance its plans. In 2009, construction of a nuclear plant in Ninh Thuan province received government approval, but the project was halted in 2016 due to economic feasibility concerns. However, in November 2024, the Vietnamese government made the pivotal decision to restart the nuclear power initiative.

Advantages and Challenges of Nuclear Power

Nuclear energy is viewed as a viable solution for ensuring stable electricity supply and contributing to Vietnam's carbon neutrality goals. The government promotes this as a national enterprise, facilitating land acquisition and workforce development. However, key obstacles include securing investment funds, managing construction timelines, establishing legal frameworks, and addressing shortages in qualified personnel.

Target Audience for the Report

- Investment and Business Stakeholders: Companies looking to invest or expand in the Vietnamese market will find the report invaluable. It provides a clear understanding of the rationale behind the revival of nuclear projects, the evolving policy landscape, and investment opportunities tailored especially for Japanese technological providers and material suppliers.
- Energy Policy Experts and Researchers: The report elaborates on the significance of nuclear power in the context of Vietnam’s energy security and the transition to clean energy. It offers a comprehensive analysis useful for policy recommendations, environmental impact assessments, and studies on international collaboration, particularly relating to the 2050 net-zero goals and comparative assessments with renewable energy sources.

Report Structure

1. Executive Summary – Page 3
2. History and Current State of Nuclear Power Development
- Evolution of nuclear power from 1987 to 2016 – Page 5
- Reasons for halting the nuclear project – Page 6
- Decision to resume nuclear power projects – Page 7
- Promising locations for construction of nuclear facilities – Page 8
3. Reasons for Resuming Nuclear Projects – Page 10
4. Advantages and Challenges of Nuclear Power Development – Page 12
5. Opportunities for Foreign Investors
- Investment prospects for Japanese investors – Page 14

For full details and to purchase the report, please visit this link.

About ONE-VALUE Co., Ltd.

Since its inception, ONE-VALUE has provided professional consulting services focused on utilizing Vietnamese talent. The company leverages deep expertise and practical experience in facilitating business expansion between Japan and Vietnam across various industries. Our commitment is to deliver effective solutions tailored to meet client needs. Our key strengths lie in our comprehensive network in Vietnam and our in-depth industry knowledge. Our consulting services cover market research, corporate inquiries, and strategic planning for entry into the Vietnamese market. Our dedicated team is ready to guide through opportunities in the fast-evolving Vietnamese landscape.

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ONE-VALUE Co., Ltd.
Email: contact@onevalue.jp
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