Obama OKs Nuclear Deal With Vietnam

The '123 agreement' lets US firms into Vietnam's nuclear market
By Newser Editors and Wire Services
Posted Feb 24, 2014 5:40 PM CST
President Barack Obama walks on the South Lawn of the White House in Washington, Wednesday, Feb. 19, 2014 as he boards Marine One helicopter to Andrews Air Force Base, Md., for his trip to Mexico.   (AP Photo/Charles Dharapak)

(Newser) – President Barack Obama has approved an agreement for civilian nuclear cooperation between the US and Vietnam in a sign of deepening ties between the former foes. The US and Vietnamese governments reached agreement in October. Congress now has 90 days to review it. If lawmakers do nothing, the deal will take effect. The "123 agreement," approved by Obama on Monday, allows US firms into Vietnam's civilian nuclear power market. Russian and Japanese companies are already planning to build reactors there.

Under the US agreement, Vietnam is committing to rely on the international market for its nuclear fuel supply rather than enrich uranium or reprocess plutonium itself. Some lawmakers have expressed concern over the terms of the agreement and over Vietnam's human rights record. (Read more Vietnam stories.)

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