Russia and Vietnam have signed a new agreement to develop Vietnam’s first nuclear power plant, marking a significant step in bilateral energy cooperation.
The deal, announced by Russia’s state nuclear agency Rosatom, was finalised during a visit by Prime Minister Pham Minh Chinh to Moscow, as Vietnam seeks to strengthen energy security amid global supply disruptions linked to the Middle East conflict.
The project will establish a legal framework for constructing two reactors at the proposed Ninh Thuan site, with a combined capacity of 2,400 MW.
Rosatom Director-General Alexey Likhachev said the agreement would support Vietnam’s energy independence and long-term economic growth. No construction timeline has been confirmed.
• Petrol prices in Vietnam have risen by 50%, with diesel up 70% since February 2026
• A separate LNG supply agreement was signed between Novatek and a Vietnamese buyer
• Additional cooperation includes oil and gas production deals between both countries
Follow on social media TikTok@tut0ughInstagram@tut0ugh Threads@tut0ugh X@tut0ugh YouTube@tut0ugh
