Vietnam and South Korea's leaders agreed to boost cooperation in nuclear energy and high-tech at a meeting in Hanoi on April 22, as the two countries seek to strengthen supply chains amid global trade turmoil.
In their second meeting since August, Vietnam's top leader To Lam and South Korean President Lee Jae Myung attended the signing in Hanoi of 12 non-binding documents, including on energy, technology and security cooperation. The partners agreed to studying the possibility of cooperation for a nuclear power plant development and financing.
Vietnam is seeking a partner to develop a nuclear power plant with a planned capacity of 2 to 3.2 gigawatts by 2035, after Japan withdrew from the project because it deemed the timeframe too tight.
Southeast Asia's fastest-growing economy has at times struggled to meet growing power demand as its industrial base expands. South Korea is the largest investor in Vietnam, with multiple Korean multinationals having large manufacturing operations in the country.
