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Russia, Vietnam Sign Deal for Ninh Thuan 1 Nuclear Plant

  • 24 Mar 2026

On 23rd March 2026, Russia and Vietnam signed an inter-governmental agreement for cooperation in constructing the Ninh Thuan 1 nuclear power plant, marking a key step in Vietnam’s energy expansion strategy.

Key Points

  • Project Details: The plant will include two Russian-designed nuclear power units with a combined capacity of 2,400 MW.
  • Implementing Agency: Russia’s state nuclear corporation Rosatom will lead the project.
  • Objective: To boost Vietnam’s electricity generation capacity amid rising demand from industrial growth and an expanding middle class.
  • Energy Challenges: Vietnam has faced power shortages and blackouts due to demand-supply gaps, worsened by extreme weather events like droughts and typhoons.
  • Strategic Partnership: Reflects long-standing bilateral ties between Russia and Vietnam, especially in energy cooperation.
  • Project Background:
    • Initially launched in the early 2010s.
    • Suspended in 2016 due to safety and cost concerns.
    • Revived in 2024 as part of Vietnam’s renewed nuclear energy push.
  • Global Context: Japan had earlier been involved but withdrew from the project in December 2025, leaving Russia as a key partner.