Undersecretary of Commerce for International Trade Francisco Sánchez will lead a civil nuclear trade policy mission to Vietnam and China, May 17-23.
Representatives from 18 companies, law firms, and industry associations will join U.S. government officials on the mission, which will make stops in Hanoi, Vietnam; and Beijing and Ningbo, China.
“Vietnam and China are both steadily expanding their nuclear power programs, which presents abundant opportunities for U.S. civil nuclear companies,” Sánchez said in a statement
Vietnam’s civil nuclear market is currently estimated to be worth $10 billion and is expected to grow to $50 billion by 2030. China’s nuclear industry is expected to grow to nearly $300 billion by 2020.
The trade mission helps push President Obama’s National Export Initiative (NEI), which aims to double U.S. exports by the end of 2014, as well as the Commerce Department’s Civil Nuclear Trade Initiative, Sánchez said.