Doosan Enerbility is stepping up efforts to expand its presence in Vietnam’s nuclear power sector, moving to strengthen local partnerships as part of Korea’s broader push to participate in upcoming projects.
The company said its Vice Chairman Park Ji-won and senior executives joined a business delegation during President Lee Jae-myung’s visit to Vietnam, where they engaged with government officials and energy industry leaders to explore cooperation opportunities in nuclear energy.
On the sidelines of the Korea–Vietnam Business Forum held in Hanoi, Doosan Enerbility signed separate memorandums of understanding with local companies PTSC and PETROCONs. Both firms are subsidiaries of Vietnam’s state-owned energy group PVN, which is currently leading the development of the Ninh Thuan 2 nuclear power project in central Vietnam.
The agreements focus on collaboration in nuclear power development and the establishment of a local supply chain. Industry observers see this as a strategic move by Doosan Enerbility to secure an early foothold in the Vietnamese market, particularly as Korea’s “Team Korea” consortium, led by Korea Electric Power Corporation (KEPCO), seeks to win the Ninh Thuan 2 project.
Vietnam’s nuclear program represents a major opportunity for global energy companies. The Ninh Thuan project is the country’s first commercial nuclear initiative, with Russia currently involved in the Ninh Thuan 1 plant. Korea is positioning its APR1400 reactor technology as a key contender for the second project.
In recent years, cooperation between Korea and Vietnam in the nuclear sector has been expanding. KEPCO signed an agreement with PVN in 2025 to support nuclear workforce development, and additional supply chain collaboration initiatives have been introduced through seminars and joint programs.
Doosan Enerbility’s latest move aligns with this broader framework, highlighting the role of private sector players in building partnerships and preparing for large-scale infrastructure projects. Securing local alliances and supply chain readiness is increasingly seen as a critical factor in winning overseas nuclear contracts.
Park Ji-won said cooperation between the two countries has been steadily expanding and is expected to lead to meaningful outcomes. He added that Doosan Enerbility will continue to contribute based on its experience in global nuclear projects, including those in the United Arab Emirates and the Czech Republic.
Industry analysts note that the competition for Vietnam’s nuclear projects will likely hinge not only on technology but also on the strength of local partnerships and the ability to integrate into the country’s industrial ecosystem.
As global interest in nuclear energy resurges, Doosan Enerbility’s efforts in Vietnam signal a proactive approach to securing a role in the next wave of international nuclear development.
