U.S. signs nuclear energy agreement with Vietnam

US Vietnam nuclear energy agreement

The U.S. and Vietnam signed the U.S.-Vietnam Civil Nuclear Cooperation Agreement that would allow U.S. businesses to invest in Vietnam’s future nuclear energy market, according to Reuters. The deal will not allow Vietnam to enrich or reprocess U.S.-owned nuclear materials, however.

Vietnam has the second-largest nuclear market in East Asia after China. The country is working with Russia to build a nuclear power plant in Ninh Thuan. Construction is scheduled to start in 2014 and be completed by 2020, the article said. A Japanese consortium is building two nuclear units in the same province that are expected to be operational by 2024 and 2025.

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