Saigoneer

BackSociety » Development » US to Provide Vietnam with Nuclear Fuel

US to Provide Vietnam with Nuclear Fuel

Add the US to the list of nations helping Vietnam secure a nuclear future. The country joins Japan, Russia and South Korea as advisers and suppliers for Vietnam's planned nuclear power plants.

The agreement, signed off on by American Secretary of State, John Kerry and Vietnamese Prime Minister, Nguyen Tan Dung ealier today will allow for the transfer of both nuclear technology and nuclear fuel for civilian purposes.

"This agreement will create numerous opportunities for our businesses...Obviously our nuclear cooperation is quite significant," said Kerry.

Referred to as the 123 Agreement, it provides a legal basis for nuclear cooperation between the two countries.

To address nuclear security issues, Vietnam has agreed to abide by tight standards and promise not to enrich its uranium, a step towards weaponizing the technology.

The US will also have full control of the uranium and nuclear technology provided to Hanoi.

There are a number of hurtles to overcome before the agreement goes into effect. First, the deal must be approved by the US Energy and Nuclear Regulatory Commission, then President Obama and finally the US Congress. 

In 2010, Vietnam identified nuclear power as the foundation for the country’s future power system with 8 plants scheduled for completion by 2025.

 

Related Articles:

- Slow Going for Vietnam’s First Nuclear Plant

- Weapons Grade Uranium Removed from Da Lat

 

[BBC]

Related Articles

in Development

$2bn Thu Thiem Eco Smart City Set to Break Ground This Year

A week after the city unveiled Thu Thiem Empire City, a project that will include Vietnam’s tallest building, a group of Asian developers have announced that they will break ground on its neighbor, th...

in Development

'House for Trees' in Tan Binh District

Vo Trong Nghia Architects, winners of ArchDaily’s ‘House of the Year’ award, is undoubtedly Vietnam’s leading sustainable/green design firm. One of their latest projects, ‘House for Trees’ was complet...

in Development

15 Projects That Will Change Saigon Forever: Part 1

The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a n...

in Development

15 Projects That Will Change Saigon Forever: Part 2

The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a new ad...

in Development

15 Projects That Will Change Saigon Forever: Part 3

The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a new ad...

in Development

2.5 House: A Modest Dream Home in a Tan Binh Alley

Given the expenditure often required to build out a well-designed home, most of those featured on Saigoneer are anything but modest. That’s why we were particularly stoked to come across this small bu...