The Southeast Asian country's anticipated $50 billion nuclear industry has attracted tentative interest from companies based in Japan, Russia, South Korea and the United States. However, Vietnam's practice of subsidizing costs for electricity from non-nuclear sources has lowered incentives for possible atomic-power funders from abroad to invest.
The nation also has postponed initial assembly of its first two nuclear energy sites until 2017, a three-year schedule bump, the head of the Vietnam Agency for Radiation and Nuclear Safety and Control recently told AP.
The potential for accidents is another cause for worry. Vietnam intends to build its first nuclear-power reactor in a province particularly vulnerable to tsunamis, the type of flood event that dealt significant damage to Japan's Fukushima Daiichi atomic energy facility in 2011. However, the Vietnamese nuclear chief said all of his country's planned atomic sites would fall in line with global-safety practices.
This article was published in Global Security Newswire, which is produced independently by National Journal Group under contract with the Nuclear Threat Initiative. NTI is a nonprofit, nonpartisan group working to reduce global threats from nuclear, biological, and chemical weapons.