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Back in 2016, Vietnam abandoned plans to build its first nuclear power plant, with the government viewing the market conditions surrounding electricity demand as being no longer conducive to the project. In late 2024, Vietnam reversed that earlier reversal, and is now aiming to complete a pair of nuclear power plants, the Ninh Tuan 1 and 2, by 2030.
Rosatom is contracted for the Ninh Tuan 1. Meanwhile, the Russian state corporation is steadily growing its presence in India, a market that it has been operating in for nearly 40 years. Nuclear agreements between Russia and India surround the same plant model destined for Vietnam, as well as small modular reactors (SMRs).
Notably, Rosatom has separately made moves to bolster its additive manufacturing (AM) capabilities in both Vietnam and In