A USA-Vietnam agreement on civil nuclear energy cooperation has entered into force. The agreement establishes the terms for commercial nuclear trade, research and technology exchanges between the two countries as provided under Section 123 of the Atomic Energy Act. Richard Myers, Vice President for Policy Development, Planning and Supplier Programs at the Nuclear Energy Institute said that the new agreement is a key part of a necessary effort to ensure that United States industry is able to participate in the highly competitive global nuclear energy market. And that the US role and influence in that multibillion-dollar market is uncertain as global competitors have gained a larger share of it.
Vietnam already has plans to have two Russian reactors totaling 2000 MWe at Phuoc Dinh in the southern Ninh Thuan province by 2020, followed by another 2000 MWe using Japanese technology at Vinh Hai in the same province.
Meyers said further that Vietnam is one of those places where international competitors have a head start but, with this agreement in place, US companies can now compete on a more even playing field. The market in Vietnam is estimated to be worth as much as 20 billion dollars. According to the Department of Commerce, that much work would create 50,000 high-paying US jobs and ensure a US presence and influence in a critical industry.
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