Vietnam, Canada have opportunity to cooperate in nuclear power: former Canadian Deputy PM

Nuclear power is one of the priority areas where Canada and Vietnam can cooperate, and both sides have a good opportunity to share this technology and build nuclear reactors to provide their economies with clean, zero-emission energy, according to Jean Charest, former Deputy Prime Minister of Canada and former Premier of Québec.

Ottawa (VNA) - Nuclear power is one of the priority areas where Canada and Vietnam can cooperate, and both sides have a good opportunity to share this technology and build nuclear reactors to provide their economies with clean, zero-emission energy, according to Jean Charest, former Deputy Prime Minister of Canada and former Premier of Québec.

In his interview granted to the Vietnam News Agency’s reporters in Canada, Charest asserted his country now possesses the unique CANDU (Canada Deuterium Uranium) technology, adding that this is the safest nuclear reactor and this technology has now evolved into a new generation called CANDU MONARK.

According to him, to achieve the goal of reducing emissions, nuclear power can be one of the right choices.

He took Ontario as a typical example of the effort to reduce emissions when successfully applying nuclear energy. This province used to be the most polluted place due to the use of coal power, but by 2014, Ontario completely eliminated this energy source, helping to reduce emissions by 45 million tonnes of carbon dioxide (CO2) per year.

The nuclear industry also contributes to creating many high-paying jobs for Ontario, contributing about 17 billion CAD (about 11.8 billion USD) per year to the Gross Domestic Product (GDP) and is one of the province's key technology export sectors. Ontario currently has 18 operating nuclear reactors, accounting for 13% of Canada's total electricity production, contributing to making this province one of the cleanest and leading localities in clean technology in the North American country.

Candu Energy Senior Vice-President Carl Marcotte said the CANDU small modular reactor (SMR) is what Canada is investing in for the next generation of nuclear technology.

The Candu SMR is a very small reactor, with a lower power output, and also has a simpler structure, with the core prefabricated at the factory so it can be transported to the installation site. Canada is pioneering the development of small and even micro reactors, suitable for many requirements such as a small town or a small business. These are suitable for Vietnam, where small and micro reactors can be deployed, he added.

Wayne Farmer, President of the Canada-ASEAN Business Council, said that Canada is keen to play a bigger role in nuclear power technology, both with Vietnam and other ASEAN countries interested in carbon emission reduction goals, as well as collaborating with the country on cleaner fuel supplies./.

VNA

See more

Hi-tech shrimp farming in Soc Trang (Photo: VNA)

Soc Trang sets 1.9 billion USD export target for 2025

The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.

People visit Independence Palace in Ho Chi Minh City on January 1. (Photo: VNA)

HCM City receives 750,000 visitors in New Year holiday

Around 750,000 people visited tourist attractions, entertainment sites and shopping areas in Ho Chi Minh City during the New Year holiday (December 31 - January 1), according to the municipal Department of Tourism.

Illustrative photo (Photo: aptechvietnam.com.vn)

ICT industry sees strong growth in 2024

The information and communications technology (ICT) industry’s total revenue is estimated at 4.24 quadrillion VND (166.7 billion USD) in 2024, marking a 13.2% increase from 2023.

A state budget collection point at a Vietcombank office. (Illustrative photo: VNA)

Tax support measures amount to 191 trillion VND in 2024

Measures to alleviate difficulties for enterprises and citizens in 2024 proposed by the Ministry of Finance including tax and fee reduction and exemption represented an estimated value of 191 trillion VND (7.49 billion USD), the ministry reported on December 31.

Long An prioritises investment from international corporations

Long An prioritises investment from international corporations

The Mekong Delta province of Long An will focus on attracting investments next year, particularly from international corporations with strong brand recognition to foster production and consumption links for support industries and to establish stable, sustainable supply chains, Nguyen Van Ut, Chairman of the provincial People’s Committee, has said.

Illustrative photo (Photo: VNA)

State budget collection estimated up over 19% in 2024

Vietnam's total state budget revenue for 2024 is projected to surpass 2.02 quadrillion VND (approximately 79.24 billion USD), marking an increase of 19.1% compared to the estimate, according to the Ministry of Finance.