Nuclear power will help meet growing demand in Vietnam, report finds

A report from GlobalData released Sept. 25 said Vietnam is planning to build 10,000 MW of nuclear generation to ensure a secure energy supply for its growing economy.

According to the report, the Vietnamese government aims to increase its economic growth rate from 5.89 percent in 2011 to between 6 and 6.5 percent by 2013. Due to the expected GDP increase that will be met by a rise in power demand, the country plans to invest about $50 billion in the power sector over the next decade.

Vietnam has entered into a number of nuclear cooperation agreements, enabling the nation to develop competent regulatory infrastructure, as well as attain technological knowledge and human resources from established nuclear countries. Since 2000, Vietnam has signed agreements with China, Argentina, Russia, France and Japan, and Kazakhstan has plans to supply fuel for nuclear power plants in Vietnam and participate in plant construction, according to GlobalData.

Total installed power capacity in Vietnam is expected to reach 52 GWe by 2020, with nuclear power expected to account for around 1.5 percent of capacity. According to the report, nuclear is expected to increase to 20–25 percent by 2050 after the country builds 10 nuclear reactors, scheduled for completion by 2030, which will contribute an additional 10,000 MW to the country’s installed capacity.

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