Nuclear power plays an important role in energy security: ministry
A nuclear reactor at Đà Lạt Nuclear Research Institute. The Government has recently asked the Ministry of Industry and Trade to study the possibility for the development of nuclear power in Việt Nam. — VnA/VNS Photo Quang Nhựt |
Speaking at the ministry’s quarterly press conference on Wednesday, Tân was responding to questions related to a proposal of the draft amendment to the Law on Electricity about the Government’s monopoly in developing nuclear power projects, which signals that Việt Nam is planning to resume the policy of developing nuclear power.
Việt Nam introduced the policy to develop nuclear power in 2009, with a project in Ninh Thuận Province, but the National Assembly on November 22, 2016 decided to halt the project due to a number of problems related to human resources and financial difficulties.
Under the eighth national power development plan (PDP8), which prioritises clean energy, the Ministry of Industry and Trade is resuming the study into the development of nuclear power in Việt Nam and will report to the Government whether the country should develop nuclear power or not, Tân said. He added that the ministry is studying international experiences in developing nuclear power.
In developed countries, along with the development of renewable energy, base-load power source, including nuclear power, plays an important role, Tân said, adding that many countries are increasing the output and scale of nuclear power by two or three times.
For example, in Japan and France, nuclear power accounts for around 20-25 per cent of their electricity output.
With regards to safety concerns, Tân said across the globe, nuclear power is being developed at third or fourth technological stages with practical application and ensuring maximum safety while bringing risk levels to zero. The ministry’s on-going study has found several technologies which can be appropriate to Việt Nam, he said.
If nuclear power is developed, Việt Nam will select new-generation technology which has already been applied in practice to ensure absolute safety and guarantee no risk, he stressed.
Tân did not specify any timescale in resuming nuclear power in Việt Nam, saying that study is ongoing before next steps can be carried out.
Deputy Director of the ministry’s Department of Electricity and Renewable Energy Authority, Bùi Quốc Hùng, said that the development of nuclear power must take into account economic, social and scientific factors.
In 2009, Việt Nam began developing of nuclear power but decided to halt the plan in 2016 due to limited resources, he said.
The Government has recently asked the Ministry of Industry and Trade to study the possibility for the development of nuclear power in Việt Nam, in the context that the world and the country’s conditions are changing, especially in resources, together with the demand for reducing emissions.
The development of nuclear power is necessary to ensure energy security and achieve net zero, he stressed. How nuclear power will be developed will be studied carefully and evaluated thoroughly to propose amendments to the PDP8, he said.
Watching Temu
With regard to the operation of Chinese e-commerce platform Temu in Việt Nam, Tân said that the Ministry of Industry and Trade is evaluating the glut of cheap products into Việt Nam through e-commerce channels to raise appropriate management measures. He stressed that all e-commerce platforms must register for operation in the country.
The ministry has asked the Department of E-commerce and Digital Economy to evaluate the impacts of Temu’s operations in Việt Nam in the context that Indonesia has taken a bold move to block Temu – the market place which offers consumer goods typically shipped directly from producers in China - to protect local businesses.
“I am shocked that the prices of products on Temu are so low. More study and evaluation are needed before any conclusions can be given out,” Tân said, adding that the ministry will early provide measures to control the situation. The ministry will also enhance management to prevent trade frauds, the selling of counterfeit and smuggled products, he added.
The ministry is also studying the development of technical standards to protect local production and improve competitive for Việt Nam’s products, Tân said.
Early this week, days after officially beginning sales to Việt Nam, Temu launched an attractive affiliate marketing campaign for users, including a gift of VNĐ50,000 for a new user, VNĐ150,000 for each new app installment and commissions from 10-30 per cent for each order.
Temu offers free shipping for orders as low as VNĐ120,000. It takes only 4-6 days to ship from China to Việt Nam and users can pay through Google Pay, Visa and MasterCard.
In addition to Temu, 1688, Taobao and Shein are also eyeing the Vietnamese market with the introduction of Vietnamese app version and allowing shipping to Việt Nam.
HCM City Department of Industry and Trade has recently urged the Ministry of Industry and Trade to raise solutions to enhance the efficiency of management on cross-border trade to protect legitimate rights of consumers and ensure a healthy competition environment.
The municipal department said that several e-commerce platforms are offering discounts of more than 50 per cent, a sign for unhealthy competition. Strict punishments must be raised for violations together with improving regulations on tax and customs procedures, the department said.
See also
Vietnam, Canada have opportunity to cooperate in nuclear power: former Canadian Deputy PM
15:30 | 30/12/2024 Energy
Industry sector asked to urgently restart Ninh Thuan nuclear power project
14:35 | 24/12/2024 Energy
Success story behind 500kV Circuit-3 transmission line project
16:43 | 23/12/2024 Energy
Ministry proposes incentives for renewable energy projects
16:17 | 20/12/2024 Energy
Small nuclear reactors could power Vietnam’s net-zero future: experts
09:16 | 17/12/2024 Energy
Việt Nam needs a competitive energy market: experts
16:59 | 08/12/2024 Energy
See more news
Việt Nam resumes nuclear power project amid rising energy demands
17:07 | 07/12/2024 Energy
Reviving nuclear power programme believed a correct policy
09:09 | 02/12/2024 Energy
Viet Nam to restart Ninh Thuan nuclear power project
20:27 | 01/12/2024 Energy
Chinese corporation interested in waste-to-energy plant in Can Tho
15:57 | 29/11/2024 Energy
Vietnam seeks Danish assistance in green energy development
11:21 | 26/11/2024 Energy
Huge potential for VN, UK to boost cooperation in clean energy
15:29 | 25/11/2024 Energy
Solutions discussed to ensure coal supply for electricity generation in 2025
16:24 | 19/11/2024 Energy
Residents support restarting Ninh Thuận Nuclear Project, call for clear roadmap
14:46 | 18/11/2024 Energy
Nuclear power development projects to restart: MoIT
16:42 | 17/11/2024 Energy
Project launched to advance energy transition in Việt Nam
10:15 | 16/11/2024 Energy
Vietnam Airlines reports record profit, ending four years of losses
17:03 | 30/12/2024 Vietnamese Brands
Lam Dong welcomes 10 millionth tourist in 2024
16:59 | 30/12/2024 Tourism
Hoa Binh named among world’s most beautiful destinations: US magazine
16:55 | 30/12/2024 Tourism
MIC urged to promote digital infrastructure, AI application
16:51 | 30/12/2024 Science - Technology
HCM City eyes sustainable cinema development
16:47 | 30/12/2024 Culture
Multimedia
Glorious tradition of the Vietnam People's Army
08:30 | 22/12/2024 Infographic
Total FDI registered in Vietnam hits 31.4 billion USD in January-November
09:02 | 17/12/2024 Infographic
First 11 months of 2024: Import-export turnover increases 15.4%
10:55 | 16/12/2024 Infographic
11-month agro-forestry-fishery exports exceed yearly target
19:55 | 15/12/2024 Infographic
Hanoi achieves or exceeds 23/24 socio-economic targets for 2024
08:57 | 13/12/2024 Infographic
Organization downsizing must be linked to improvement of staffing quality: PM
15:44 | 29/12/2024 Policy
Amended Electricity Law proves MoIT’s institutional improvement success
17:06 | 23/12/2024 Policy
Ministry proposes extending agricultural land tax exemption through 2030
15:06 | 23/12/2024 Policy
Gov't targets to gradually make English second language at schools by 2030
15:45 | 21/12/2024 Policy
New 300-hectare industrial zone near Long Thanh Airport
15:58 | 30/12/2024 Industry
Vietnam, Canada have opportunity to cooperate in nuclear power: former Canadian Deputy PM
15:30 | 30/12/2024 Energy
Industry sector asked to urgently restart Ninh Thuan nuclear power project
14:35 | 24/12/2024 Energy
Success story behind 500kV Circuit-3 transmission line project
16:43 | 23/12/2024 Energy
Binh Duong creates many incentives for large FDI projects
17:23 | 29/12/2024 Investment
Vietnam increasingly attractive to foreign investors
14:17 | 24/12/2024 Investment
Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025
12:33 | 21/12/2024 Investment
Boeing aims to expand investment and cooperation in Vietnam’s defense sector
17:00 | 19/12/2024 Investment
Forecast upbeat for banking industry in 2025
17:29 | 29/12/2024 Finance-Banking
Banking sector: Capital flows with no congestion
15:35 | 25/12/2024 Finance-Banking
Cashless payment requires biometric data updating from January 1, 2025
10:30 | 24/12/2024 Finance-Banking
Year-end surge in property bond issuance amid financial challenges
09:39 | 20/12/2024 Finance-Banking
Centre to apply AI to tropical cyclone forecasting
15:47 | 29/12/2024 Environment
Sowing millions of seeds to green Vietnam’s shared home
15:08 | 24/12/2024 Environment
Dong Thap revives red-crowned crane population
14:29 | 24/12/2024 Environment
Vietnam likely to face continued turbulent weather systems in 2025
14:26 | 19/12/2024 Environment
MIC urged to promote digital infrastructure, AI application
16:51 | 30/12/2024 Science - Technology
5G technology to yield US$1.5 billion revenue for Vietnamese telecom operators
09:56 | 29/12/2024 Science - Technology
Safe nuclear power development essential for clean energy frontier: Japanese expert
10:37 | 28/12/2024 Science - Technology
Innovative startup ecosystem witnesses strong development
09:21 | 25/12/2024 Science - Technology
Stricter fines for traffic violations introduced under new decree
15:38 | 30/12/2024 Society
Hanoi aims to create 169,000 new jobs in 2025
15:56 | 29/12/2024 Society
Planning of Long Thanh International Airport partially adjusted
20:39 | 28/12/2024 Society
Air tickets from HCMC fully booked for Tet holiday
17:31 | 26/12/2024 Society
Vietnam Airlines reports record profit, ending four years of losses
17:03 | 30/12/2024 Vietnamese Brands
Vietnamese farm produce favoured by Malaysians: Trade counsellor
10:58 | 28/12/2024 Vietnamese Brands
PV GAS sets many records, exceeds 2024 production, business plan
16:57 | 25/12/2024 Vietnamese Brands
“PV GAS - Green Energy Journey” marathon: Act for health, act for the environment
06:00 | 25/12/2024 Vietnamese Brands
HCM City eyes sustainable cinema development
16:47 | 30/12/2024 Culture
Cultural Heritage positions national brand in international arena
15:12 | 30/12/2024 Culture
Raising Vietnam’s value through cultural diplomacy
11:17 | 28/12/2024 Culture
“City Tet Fest - Thu Duc 2025” New Year Festival to be held soon
16:33 | 25/12/2024 Culture
Lam Dong welcomes 10 millionth tourist in 2024
16:59 | 30/12/2024 Tourism
Hoa Binh named among world’s most beautiful destinations: US magazine
16:55 | 30/12/2024 Tourism
Tourism potential of islands in southwest Vietnam unlocked
10:44 | 28/12/2024 Tourism
Ninh Binh promotes green tourism development
06:22 | 27/12/2024 Tourism