News

Nuclear power development consideration is proposed by The Economic Committee

Trường Lăng

June 8, 2022

News

Nuclear power development consideration is proposed by The Economic Committee

Trường Lăng

June 8, 2022

For minimizing net emission to zero by 2050, Vietnam needs to study nuclear power at the next stage of energy development, said the Economic Committee.

Ninh Thuan province’s nuclear power project has been suspended by the decision in the National Assembly Resolution No. 31, in 2016. The Economic Committee of the National Assembly judged that nuclear power is recognized by the countries as clean electricity, a very low greenhouse gas emission after COP 26 in the monitoring report on the implementation of this resolution. Vietnam’s development of nuclear power in the next phase is considered to contribute to ensuring energy security, developing an independent and self-reliant economy and ensuring the security of the power system with diverse needs of generation sources.

However, it is necessary to make the complete, scientific and accurate assess on the current situation and forecast of energy supply and demand for the development of this energy.

“The Party’s policy is very required to calculate the nuclear power plan and study to restart the project in Ninh Thuan province in an appropriate time,” commented the Economic Committee.

Thiet ke chua co ten

In order that this process can be ready, the National Assembly’s verifying agency proposes the Government to temporarily keep the planning for the proposed construction locations of Ninh Thuan and nuclear power plants 1 and 2 until an official decision is given. The selection of a plant construction site to put into the planning is a long, expensive and statutory process.

On the other hand, Ninh Thuan province’s nuclear power project has just been suspended. If it is canceled, it will affect the relations with the partner countries, the nuclear power developing capacity in the future.

The Government explains that the nuclear power project is suspended to focus on other key projects. There is no policy to develop this type of energy again. Recently, the proposal to restart nuclear power has been raised by the experts and scientists at many energy forums. They say that if nuclear power is developed after 2030, it will be possible to realize the “net zero” goal by 2050 as committed by the Prime Minister at COP26.

Tran Chi Thanh, the Director of the Institute of Atomic Energy, said at the energy forum in April that the return to nuclear power development in Vietnam “must start soon”. The previous planning of nuclear power development in Ninh Thuan province should not be abandoned, because “we have invested a lot of fund here, and no any location is preferred for development of nuclear power”.

According to the monitoring report, before Ninh Thuan province nuclear power project was suspended, there were 7 component projects invested by Vietnam Electricity Corporation (EVN) and Ninh Thuan Province People’s Committee, with the fund of over VND 2,300 billion. Nearly 450 students and engineers were trained in nuclear power technology by Russian and Japanese partners…

There have been a few shortcomings in the project planning area after 5 years as of the nuclear power project in Ninh Thuan province was suspended.

For example, the people in the area of the previously planned nuclear power plant have not yet stabilized production because the project has not been approved. This makes them difficult in terms of land rights. They could not buy, sell, transfer, nor mortgage land use rights for loans… This wastes the land resources in the area.

In addition, dealing with commitments and agreements with foreign partners is still difficult. There are potential risks in the cooperation relationship if Vietnam does not clearly define the nuclear power development plan as well as harmoniously handle the interests of the parties. Some tax and cost problems of Vietnam Electricity Corporation (EVN) related to the implementation of Ninh Thuan province’s nuclear power project have not been resolved…

Therefore, the Economic Committee suggested the Government should soon apply a satisfactory and timely solution to reorganize production, stabilize life, benefit for the people in the affected project area whether the developing nuclear power project is going on or not. For the fund of implementing the project, the Government may consider arranging the remaining unallocated central funds in the medium-term public investment plan of 2021-2025 or the 2021 central budget revenue increasing source, then they will submit the plan to the Standing Committee for consideration.

This agency also suggested that the Government continue to implement the construction project of a nuclear science and technology research center; set up the plan to foster and update the specialized knowledge for human resources who have been trained in nuclear power. The Government should study and perfect the legal framework in the field of atomic energy, including the Law on Atomic Energy…

Source : VnExpress

Related posts

News

Foreign Capital Dominates Real Estate M&A

During the first 7 months of the year, investor groups from Singapore, South Korea, Taiwan, Japan, and Malaysia have actively explored real estate projects for ...
Read more
IT Advisory / Digital Transformation

Chinese technology group wants to build a digital talent ecosystem in Vietnam

Meeting with the Prime Minister, leaders of Huawei Group expressed their interest in building digital infrastructure in Vietnam, accelerating industry digitalization, smart digital transformation, and ...
Read more
Doing Business

VinFast: A Vietnamese Dream on the Global Stage

Table of Contents The odyssey of VinFast onto the global canvasDecoding Vinfast’s SPAC choice New way of capital generation for Vietnamese venturesKey Considerations for Companies Seeking ...
Read more
Doing Business

How to incorporate a company in Malaysia in 2022

Table of Contents Conditional business sectors in MalaysiaCompliance under Malaysian regulations There are the 5 main types of business entities available in Malaysia. · Sole ...
Read more

Download our Latest Ebook about Real Estate and Property!

Real estate holds a pivotal position in the development of a country, not only via the spillover impacts on other economic sectors such as construction, manufacturing, tourism, finance and banking etc. but also affecting the social dynamic by mobilizing the residency and infrastructure system. Foreign direct investment in real estate (RFDI) in Vietnam has a long running history and is unique in that it is largely dominated by the private sector compared to other industries which usually still have a rather large Government involvement. International capital has consistently been selecting real estate as the destination of choice, given that RDI has always been in the top 2 and 3 for volume inflow over the last 10 years, even throughout extremely turbulent periods such as COVID-19, per the General Statistics Office of Vietnam’s (GSO) data. Find out more in this ebook edition.

Tải cuốn ebook mới nhất về nền kinh tế số Việt Nam!

The digital economy of Vietnam has been fueled and accelerated by the global digital trends and the pandemic Covid-19. The movement of digital transformation is underway in every corner of Vietnamese life, strongly influencing the way people do things. Digital economy is the future of the Vietnam economy. Realizing the potential of the digital economy, the Vietnam government has issued policies, guidelines and created legal frameworks to support and further enhance this economy. In this ebook edition, the digital economy is looked at from different angles. Perspectives from the key elements comprising Vietnam digital economy are examined and discovered.

Our Happy Clients