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US reviews civil nuclear deal with Vietnam

04:01 PM | 05/10/2014

(Bqp.vn) - 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.

The signing ceremony between US Secretary of State John Kerry (L) and his Vietnamese counterpart, Deputy PM Pham Binh Minh.

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 US 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 is expected to grow to US$50 billion by 2030, meeting over 10% of domestic electricity demand.

Trung Kien
Source: VNA

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