en.Wedoany.com Reported - On April 22, South Korea's Ministry of Trade, Industry and Energy announced that taking advantage of President Jae-myung Lee's state visit to Vietnam, South Korea and Vietnam agreed to enhance economic cooperation, focusing on the construction of new nuclear power plants and the critical minerals supply chain.

Witnessed by the leaders of both countries, Korea Electric Power Corporation and Vietnam's Industrial Energy Company (PVN) held a memorandum of understanding exchange ceremony, signing the "Memorandum of Understanding on Exploring the Feasibility of Cooperation in Nuclear Power Development." This memorandum of understanding is significant; compared to the "Memorandum of Understanding on Human Resource Development Cooperation in the Nuclear Power Sector" signed during the visit of Vietnamese General Secretary To Lam to South Korea in August last year, this agreement has advanced nuclear power plant construction cooperation to a concrete phase.

Korea Electric Power Corporation (KEPCO) and Vietnam's People's Electricity Company (PVN) plan to actively promote cooperation in the nuclear power supply chain and analyze the commercial viability for the construction of the Ninh Thuan 2 Nuclear Power Plant. This lays a new foundation for the entry of South Korean-style nuclear power plants into the Vietnamese market. Prior to the summit, South Korean Minister of Trade, Industry and Energy Geum-kwan Kim held a formal meeting with Vietnam's new Minister of Industry and Trade Manh Hung Le, discussing cooperation plans for the Ninh Thuan 2 Nuclear Power Plant. Both sides also agreed to collaborate closely to establish a cooperation framework for the supply chain of critical raw materials, including rare earth elements.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com