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ARTICLE · 06 MAY 2026

Vietnam’s Ninh Thuận 2 Nuclear Power Project – Introduction: A Historic Second Chance

Duane Morris LLP
Duane Morris LLP
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Vietnam has formally restarted its nuclear power programme with the Ninh Thuận 2 Nuclear Power Plant, backed by new legislation, IAEA validation, and a restructured regulatory framework that addresses the failures of its cancelled 2016 programme. International investors with existing intergovernmental frameworks now have a strategic opportunity to participate in this legally entrenched, multi-billion dollar infrastructure project that will define Vietnam's energy landscape for decades.

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
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Vietnam is embarking on what may be the most consequential infrastructure undertaking in its modern history. After the abrupt cancellation of its original nuclear programme in 2016, the country has reversed course with remarkable determination and speed. In November 2024, the National Assembly passed Resolution 174/2024/QH15, formally restarting nuclear power development in Khanh Hoa Province and reversing the suspension that had frozen the programme for eight years. That resolution was not a tentative step — it was a declaration of strategic intent backed by the full force of executive and legislative consensus.
At the centre of this revival is the Ninh Thuận 2 Nuclear Power Plant, situated at Vĩnh Hải, Khanh Hoa Province. The plant has been entrusted to PetroVietnam (PVN) as its designated investor — creating a direct and structured entry point for experienced international nuclear investors with both the technology and the financial capacity to deliver a project of this scale.

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