Vietnamese province sees nuke projects as investment catalyst

Vietnam's Ninh Thuan Province is treating its two nuclear power projects as a catalyst to attract more investments.

Provincial chairman Nguyen Duc Thanh brushed off worries that investors would walk away over safety concerns. He asserted that the development of these two projects of national importance would spur infrastructure development in Ninh Thuan.

Thanh said the infrastructure in the province would benefit from the nuclear power projects, citing the road system stretching a combined 116 kilometers to serve the power projects that will help connect other projects related to tourism, marine industry, coastal residence management and climate change tackling.

In addition, improved infrastructure will facilitate the development of the locality, create jobs and promote supporting services for the housing projects for specialists. This would trigger the development of the property market, he said.

Pham Dong, director of Ninh Thuan Province’s Department of Planning and Investment, said the nuclear power projects made the province become more appealing to local and foreign investors.

At the event on December 10, Ninh Thuan will release the master plan for socio-economic development of the province to 2020 with a view to 2030 conducted by two foreign consultancy firms namely Monitor Group of the U.S. and Arup of England.