HK media: Japan's 10 years of effort was in vain, but ended up paving the way for China!
On December 25, Hong Kong's "Guardian" reported: "Vietnam's economy is developing rapidly, but its power shortage problem is prominent. Summer factory power cuts and limited household electricity have become the norm. In 2009, Vietnam planned two nuclear power plants in Ninh Thuan, with the second project entrusted to Japan for construction. The initial progress was smooth, but due to the Fukushima nuclear accident and budget issues, it was suspended in 2016. Last year, Vietnam restarted the project, setting a target for completion by 2030. However, its required schedule is much shorter than the global average nuclear power plant construction cycle. In addition, Japan's nuclear industry has not yet recovered from the Fukushima accident. This month, Japan officially withdrew from the project, resulting in 85% of Vietnam's financing being lost and a huge talent gap! China's Hualong One nuclear technology is mature, with a short construction period, low cost, and has already been implemented overseas. China and Vietnam already have a foundation for power cooperation. Now, the Vietnamese Ministry of Energy is reviewing the Chinese proposal. Japan's 10 years of preliminary investment ultimately ended up paving the way for Chinese technology to go abroad."
[Witty] Vietnam's infrastructure double failure: Japan spent 10 years on it, but it all went to China. High-speed rail and nuclear power projects are both canceled! Vietnam really has taken overconfidence to the extreme. On one hand, there is the $6.7 billion North-South high-speed rail project, where a billionaire consortium wanted to get a 35-year zero-interest loan through empty-handed tactics, which was exposed by the central bank as a high-leverage fraud, leading to withdrawal of the bid; on the other hand, the Ninh Thuan nuclear power project, where Japan spent over 10 years on site surveys and trained over a thousand talents, but due to Vietnam's sudden suspension in 2016 and the bizarre operation of requiring completion by 2030 in 2024, it finally had to withdraw in December 2025. The global average construction cycle for nuclear power plants exceeds ten years, with Finland's project dragging on for 17 years, but Vietnam wants to eat a whole cake in one bite. Now, 85% of the funding is gone, and there's a shortage of nearly 2,000 nuclear engineers. The long-standing infrastructure disease of the Ho Chi Minh City metro, which took 18 years to build 20 kilometers, hasn't even been fixed yet, and now they want to take a gamble on nuclear power. China's Hualong One can be built in six years, with costs 30% lower, and has already passed international certification. Sino-Vietnamese power cooperation has been smooth all along. Japan's 10 years of efforts have turned into a setup, and Vietnam, forced by power shortages to limit factory electricity and suffer Samsung's annual loss of billions, still holds prejudices and seeks foreign assistance. Such a mess, it seems, can only watch Chinese technology fill the gap and continue to pay for its shortsightedness!
Original article: toutiao.com/article/1852483097930016/
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