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At the ASEAN–Russia Summit marking 35 years of diplomatic relations, Prime Minister Le Minh Hung met Rosatom Director General A. Likhachev in Kazan, Republic of Tatarstan, Russia. Likhachev briefed the Prime Minister on the Ninh Thuận 1 nuclear power plant project and said that signing an agreement to build the plant is a milestone in Vietnam–Russia cooperation. He added that Rosatom is coordinating closely with Vietnamese partners to implement the project.
Likhachev said Rosatom is ready to support Vietnam in building a nuclear industry, establishing a modern nuclear science and technology center, and using nuclear energy for peaceful purposes, including training high-quality nuclear experts.
According to Likhachev, Rosatom and Vietnamese partners also see additional opportunities for cooperation in renewable energy, high-tech sectors, logistics, and Arctic shipbuilding. He said Rosatom leadership hopes to continue exchanges to promote cooperation.
The establishment of a Russia–Vietnam comprehensive strategic partnership, supported by strong political trust, was cited as a key driver for nuclear energy cooperation to become a long-term pillar. Vietnam, an active member of the IAEA, reaffirmed its commitment to peaceful energy development.
Prime Minister Le Minh Hung requested Rosatom and Russia to support extending the Dalat reactor’s operation during the transition period, assist in implementing the Dong Nai Nuclear Science and Technology Center, enhance human-resource training, increase domestic content, optimize investment costs, and address implementation issues promptly.
On March 23, 2026, during Prime Minister Pham Minh Chinh’s visit to Russia, Vietnam and Russia signed a government-level agreement on cooperation to build Vietnam’s first nuclear power plant. The Ninh Thuận 1 project is expected to include two units with a total capacity of around 2,400 MW, using Russia’s VVER-1200 reactor technology, described as the most advanced reactor technology in Russia.
Shortly after the agreement, Russian media Sputnik published an article titled “Russia–Vietnam open a new chapter in nuclear energy history with a century-long project.”
The global nuclear energy industry was described as valued at roughly 35–45 billion USD for plants and equipment. When accounting for both weapons and infrastructure, the sector mobilizes hundreds of billions of USD.
Ready Card users outside the European Economic Area have reportedly faced an abrupt service halt after a transition involving the card issuer disrupted the USDC spending product, according to user notices shared on X.
A notice shared…
