Brian Jeffrey
In a recent discussion with VietNamNet, an expert emphasized the urgent need for Vietnam to revive its nuclear power initiatives and undertake large-scale infrastructure projects.
This step is long overdue, as nuclear power represents a crucial energy source that can provide a stable supply, especially given the country’s goals to enhance the share of wind and solar energy in its mix.
Vietnam has nearly exhausted its hydropower resources, with ongoing projects solely focusing on expansions rather than introducing new capabilities. This indicates that the potential for further hydropower development is limited.
The situation with gas-fired power generation, particularly liquefied natural gas (LNG), has become precarious due to fluctuating global prices driven by geopolitical tensions. The costs associated with LNG imports have risen substantially, surpassing what Vietnam can afford.
The eighth national power development plan (Plan 8) advocates transitioning from coal-fired power to LNG as part of energy diversification efforts. However, this transition hinges significantly on imported LNG, making Vietnam vulnerable to international market dynamics.
To achieve energy independence, Vietnam must implement strategies that reduce its reliance on foreign supply. However, moving from coal to gas, alongside increasing renewable energy sources, presents challenges, especially since the country must import necessary technologies and materials.
Vietnam is well-positioned to embrace nuclear energy, having made preparations for nuclear development over the past three decades. Suitable sites for nuclear plants have been identified, along with considerations for capacity and technology.
Adopting nuclear power could significantly lessen Vietnam’s dependence on fuel imports, protecting it from global price swings and geopolitical issues.
Recent events in Europe offer important lessons; countries there have struggled with energy supply due to the Russia-Ukraine conflict, leading to a shift towards alternative gas imports and a reevaluation of coal and nuclear energy sources.
Vietnam must carefully evaluate potential solutions in light of current geopolitical realities and long-term developmental strategies.
With strong foundations in scientific, technological, and human resources—thanks to two decades of training for experts and engineers—the next step is to involve seasoned professionals as consultants to guide the government on restarting its nuclear power agenda.
The initial selected sites for nuclear plants in Ninh Thuan may now face challenges following the National Assembly’s postponement of the projects. Local conditions may have shifted, and while some experts advocate for building at the previous sites, conflicts with land allocated to other developers could necessitate finding alternative, potentially more expensive locations.
Overall, nuclear projects require substantial financial investments and technology transfers. Vietnam has demonstrated diplomatic flexibility, which may facilitate securing necessary capital for such initiatives.
Concerning private investment in nuclear energy developments, it seems more practical for private entities to focus on projects like highways and ports, as nuclear power involves complex technology and national security issues. Few private investors in Vietnam possess the capability to manage nuclear energy projects effectively.
