PV Power Services Partners with SOOSAN of Korea to Master Technical Services and Prepare for Vietnam's Nuclear Power Future
In a strategic move that could reshape Vietnam's technical services landscape, PV Power Services has entered into a significant partnership with SOOSAN, a leading Korean industrial services company. This collaboration aims to elevate Vietnam's technical capabilities in power plant maintenance, repair, and operations while preparing for the potential revival of the country's nuclear power program.
Strategic Partnership Signed
On June 12, 2026, PV Power Services (PVPS) and SOOSAN officially signed a Memorandum of Understanding (MoU) to develop high-quality technical services for Vietnam's power industry. The ceremony, attended by senior leadership from both organizations, marks a significant step toward Vietnam's goal of reducing its dependence on foreign technical experts in the energy sector.
The partnership comes at a critical time when Vietnam's power sector is accelerating investment in LNG projects, renewable energy, and particularly considering nuclear power development to meet the country's growing energy demands in the coming decades.
Leadership from Both Organizations
The signing ceremony was attended by key executives from both companies, underscoring the importance of this strategic collaboration:
| Leadership Present at the Partnership Signing | |
|---|---|
| PV Power Services | SOOSAN |
| Phạm Ngọc Khuê | Han Bong Seob |
| Ngô Văn Chiến | Park Eun Hwan |
| Phùng Văn Đức | Jung Tea Huyn |
| Vũ Anh Tuấn | Phạm Quang Vinh |
Areas of Strategic Collaboration
The MoU outlines several key areas where PV Power Services and SOOSAN will focus their collaborative efforts:
- Power Plant Maintenance and Overhaul: Comprehensive maintenance services for existing power facilities
- Unit Overhaul and Major Repairs: Mid-life and major overhauls of power generation units
- Industrial Mechanical Services: Specialized mechanical engineering and services
- Electrical Systems and I&C: Electrical systems and Instrumentation & Control services
- Technical Expertise Sharing: Exchange of specialized technical knowledge and personnel
- High-Quality Workforce Training: Development of next-generation energy professionals
- Nuclear Power Project Preparedness: Building capabilities for future nuclear power initiatives
Collaboration Objectives
| Area | Objective |
|---|---|
| Power Plant Maintenance | Domestic technology mastery |
| Engineer Training | Standardization to international standards |
| International Cooperation | Access to Korean technology |
| Nuclear Power | Early workforce preparation |
| Market Expansion | Toward technical service exports |
Nuclear Power as a Key Focus
Particularly noteworthy in this agreement is the dual focus on both existing thermal power plants and future nuclear power projects. This forward-looking approach positions Vietnam to potentially revive its nuclear power program, which was previously shelved.
SOOSAN brings extensive international experience in operating, maintaining, and overhauling large-scale industrial systems. Through this partnership, the Korean company will support personnel training, transfer technical management experience, and standardize operational procedures for PV Power Services.
This collaboration represents early preparation for Vietnam's renewed consideration of nuclear power to meet the country's rapidly increasing electricity demand over the coming decades.
Large-Scale Engineer Training Program
One of the most significant aspects of the partnership is the commitment to directly train PV Power Services' engineering team:
- Regular repair training
- Periodic maintenance training
- Power plant troubleshooting training
- Overhaul process training
- Modern technical management training
Following their training, PV Power Services engineers will participate in actual overhaul projects implemented by SOOSAN with a minimum frequency of once per year. This approach ensures that Vietnam's technical workforce maintains their skills, stays updated with new technologies, and accumulates international experience while on the job.
Leadership Perspectives
Mr. Vũ Anh Tuấn, General Director of PV Power Services, emphasized the importance of this partnership in enhancing technical capabilities and gradually accessing advanced energy technologies worldwide.
He highlighted two key objectives:
- In-depth training of management and engineering teams
- Expanding technical service markets internationally
According to the company's roadmap, PV Power Services aims to begin supplying technical personnel for nuclear power projects by late 2026 and early 2027.
Mr. Han Bong Seob, Vice Chairman and CEO of SOOSAN, expressed appreciation for PV Power Services' strengths in the Vietnamese market. He believes the combination of Korean technology and the practical operational experience of Vietnamese engineers will create significant competitive advantages, both domestically and in international markets.
SOOSAN anticipates this collaborative relationship will pave the way for large-scale technical energy projects in the future.
Significance for Vietnam's Energy Sector
This partnership between PV Power Services and SOOSAN occurs against the backdrop of rapidly increasing electricity demand in Vietnam. The country is currently planning numerous LNG, gas-fired, offshore wind, and potentially nuclear power projects as part of its development strategy.
If successful, this collaboration could represent a crucial step in reducing Vietnam's dependence on foreign experts in the maintenance, repair, and overhaul of high-tech power plants.
From a domestic technical service provider, PV Power Services is setting its sights on deeper participation in the modern energy value chain, aiming to master technology and gradually introduce Vietnamese technical services to international markets.
As Vietnam continues to develop its energy infrastructure to support economic growth, partnerships like this one with SOOSAN may prove essential in building the technical expertise needed to operate and maintain increasingly sophisticated power generation facilities.