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South Korea and Vietnam agreed to expand cooperation in energy and infrastructure and discussed Hanoi’s possible return to nuclear power during summit talks, officials said Thursday.
The statement came in the wake of the meeting between South Korean President Lee Jae-myung and Vietnam's President To Lam on Wednesday, where the two sides reviewed a wide range of issues, including Vietnam’s reconsideration of nuclear energy, according to Yonhap news agency.
Vietnam’s nuclear power program was suspended in 2016 due to financial constraints. It is now under review as electricity demand rises in the country.
South Korea’s National Security Adviser Wi Sung-lac said the Vietnamese side welcomed greater participation by Korean firms in the country’s energy transition.
Wi said discussions on the long-delayed Ninh Thuan nuclear project remain at an early stage.
He said the talks are focused on feasibility assessments and risk considerations.
On the sidelines of the summit, the state-run Korea Electric Power Corporation and Vietnam National Industry-Energy Group signed two memorandums of understanding.
The agreements cover joint feasibility studies and exploration of financing options for potential nuclear energy projects.
The two countries also agreed to expand cooperation in critical mineral supply chains.
They said they would establish a new technology cooperation center to support strategic resource development.
Lee and To Lam also attended a ceremony where around 12 agreements and memorandums of understanding were signed across multiple sectors.
In addition to economic ties, the two leaders exchanged views on regional and global security issues.
The discussions included the ongoing conflict in the Middle East.
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