The US Congress on May 8 began its review of a civilian nuclear deal with Vietnam, which advocates say will earn the US billions of dollars in trade.
President Barack Obama submitted the agreement to the Congress, after he approved it on February 24.
The deal will enter into law if the Congress comes up with no objections within 90 days. If passed, Washington will transfer reactors and know-how to Vietnam, which pledges to abide by the US’s nuclear non-proliferation requirements and not enrich its own uranium resources.
The deal was signed by US Secretary of State John Kerry and Deputy Prime Minister and Foreign Minister Pham Binh Minh last October, on the sidelines of the East Asia Summit in Brunei.
Vietnam’s nuclear power market now ranks second in East Asia, behind China. It expects to grow to 50 billion USD by 2030, meeting over 10 percent of domestic electricity consumption demand.-VNA
President Barack Obama submitted the agreement to the Congress, after he approved it on February 24.
The deal will enter into law if the Congress comes up with no objections within 90 days. If passed, Washington will transfer reactors and know-how to Vietnam, which pledges to abide by the US’s nuclear non-proliferation requirements and not enrich its own uranium resources.
The deal was signed by US Secretary of State John Kerry and Deputy Prime Minister and Foreign Minister Pham Binh Minh last October, on the sidelines of the East Asia Summit in Brunei.
Vietnam’s nuclear power market now ranks second in East Asia, behind China. It expects to grow to 50 billion USD by 2030, meeting over 10 percent of domestic electricity consumption demand.-VNA
