Doosan Enerbility Expands Nuclear Power Cooperation in Vietnam...Signs MOUs with Local Companies

Doosan Enerbility announced on the 23rd that Chairman Park Ji-won and key executives are working to strengthen the foundation for cooperation to participate in Vietnam's new nuclear power projects.

On the 23rd (local time) at the 'Korea-Vietnam Business Forum' held in Hanoi, Vietnam, Yohan Yoon, Head of Marketing at Doosan Enerbility (3rd from the right), signed business agreements for cooperation in Vietnam's new nuclear power projects and supply chain development with local Vietnamese companies PTSC and PETROCONs. The event was attended by Kim Jeonggwan, Minister of Trade, Industry and Energy (8th from the right), and Ngo Van Tuan, Minister of Finance of Vietnam (7th from the right). Doosan Enerbility

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Doosan Enerbility explained that at the Korea-Vietnam Business Forum held in Hanoi, Vietnam, Yoon Yohan, Head of the Marketing Division, signed separate memorandums of understanding (MOUs) with local companies PetroVietnam Technical Services (PTSC) and PETROCONs for cooperation on new nuclear power projects and supply chain development. Both companies are affiliates of PetroVietnam (PVN), which is currently promoting the Ninh Thuan 2 nuclear power plant project in the central region of Vietnam.

Chairman Park Ji-won accompanied President Lee Jaemyung as part of the economic delegation during his visit to Vietnam, attending business roundtables and forums, and discussed ways to expand nuclear power cooperation with key figures from the Vietnamese government and energy industry.

This agreement is significant in that it proactively established a private-sector cooperation framework as part of Team Korea's efforts, led by Korea Electric Power Corporation (KEPCO), to participate in Vietnam's new nuclear power projects. Doosan Enerbility has secured a local supply chain base in the nuclear power equipment and construction sectors, laying a bridgehead for future business participation.

The Ninh Thuan nuclear power project is Vietnam's first commercial nuclear power project. Ninh Thuan 1 is being promoted by Russia, while Team Korea is seeking to win the Ninh Thuan 2 project by proposing the Korean-designed APR1400 reactor. Korea Electric Power Corporation is expanding cooperation by signing an MOU on workforce development with PVN and holding supply chain cooperation seminars.

Park Ji-won, Chairman of Doosan Enerbility, stated, "As we have been expanding cooperation between the two countries to participate in Vietnam's new nuclear power projects, this will lead to meaningful results. We will do our utmost to ensure Team Korea achieves success in Vietnam as well."

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