Nuclear power: The Vietnam - U.S. meeting
The
U.S. government has made
positive initial moves for its investment in Vietnam’s nuclear power
development.
What does America
expect from Vietnam?
Prime Minister Nguyen Tan Dung received US State Secretary John Kerry
after initialing the agreements on cooperation in using nuclear energy for
peaceful purposes.
Vietnam builds its
relationships in nuclear power technology with the United
States rather late in comparison with Russia and Japan, but anyway, it has
started.
US President Barack Obama on February 24 approved a
civilian nuclear deal with Vietnam,
paving the way for the US
to sell its reactors to this Southeast Asian nation.
The president’s move opened a 90-day review process in
Congress, and if no legislation is passed contradicting the accord, it will
then come into effect.
Earlier, US Secretary of State John Kerry and
Vietnamese Foreign Minister Pham Binh Minh initialed an agreement for
civilian nuclear cooperation on the sidelines of an East Asia summit in Brunei in
October 2013.
Under the deal, Vietnam agreed not to enrich or
reprocess uranium, key steps in the manufacture of nuclear weapons. It
committed to not produce radioactive ingredients for nuclear weapons and
signed up to US non-proliferation standards.
Experts say Vietnam’s
nuclear power market ranks second in East Asia after China and it
is expected to grow to US$50 billion in the next two decades.
The country hopes nuclear power will meet 10% of its
power generation needs by 2030.
Vietnam is seeking
viable solutions for building two nuclear power plants in Ninh Thuan
Province.
What can prevent the process?
In terms of international law, in the agreement, Vietnam committed to not produce radioactive
materials that can be used in the manufacture of nuclear weapons and will
comply with the standard on non-proliferation of nuclear weapons of the US.
President Obama confirmed: "I have determined that
the performance of the agreement will promote, and will not constitute an
unreasonable risk to, the common defense and security."
On the economic front, the US
sees Vietnam as a new
market, a remarkable opportunity for American businesses in East
Asia. In this region, Japan
has had more than 50 nuclear power units South Korea with over 20 units.
American investors predict that Vietnam has
huge energy needs. As planned, in 2023, Vietnam will have 10,700 MW
generated by nuclear power plants, equivalent to 10 turbines or nuclear
reactors. In 2050, nuclear power may account for about 20-50 % of the
electricity output. Thus, the market prospects of nuclear power in Vietnam are worth
American businesses’ interest.
An agreement signed with Vietnam
will open the doors to the US
nuclear industry to this great potential market. The U.S. Secretary of State
John Kerry said that Vietnam has risen to become the second largest market in
East Asia and Southeast Asia in the areas of civil nuclear, behind only
China.
However, according to some experts, the Vietnam market may not really cheer for U.S. investors right now because the price of
equipment and the transfer of U.S.
technology is much higher than other competitors such as Russia, Japan
or South Korea.
The wait from Vietnam?
America is a
country with a lot of experience and it also holds many "source
technology" in the field of nuclear power.
The U.S.
is the 8th country which Vietnam
has signed a cooperation agreement on civil nuclear cooperation, after Russia, China,
South Korea, Japan, France,
India and Argentina.
But the US
is the nation with the most powerful nuclear background. In cooperation with
the U.S. is a good
opportunity for Vietnam
in access to advanced technology in the nuclear field, particularly nuclear
power.
The U.S.
discovers and holds many "source technology." Many developed
countries such as Japan, South Korea and France
have to import U.S.
technology, then develop their own technology. Therefore, cooperating with
the country with the source technology is a great advantage for Vietnam.
Specifically, Vietnam
is implementing programs to develop nuclear power, including the construction
of the Ninh Thuan 2 nuclear power plant, with Japan’s assistance. However, of
the four types of reactors proposed for Vietnam
- ABWR, MPWR +, AP1000 and ATMEA1 – most of them are derived from France or the US
and the original technology mainly comes from the US, particularly the AP 1000 of Westinghouse
(USA).
According to international law, in order to get the
reactors using this technology, one of the prerequisites is that some
agreements must be signed between Vietnam
and the US.
After that, American, French or Japanese businesses can transfer it to Vietnam.
With the closer relationships with the US, Russia,
Japan and France in the field of application of atomic energy for peaceful
purposes, Vietnam hopes that its nuclear power industry will have the
opportunity to develop strongly and in the long term.
Tran Minh, VietNamNet Bridge
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