EIB Global, the development arm of the European Investment Bank, has signed a €200 million financing agreement with Vietnam’s Techcombank to bolster climate action and environmental sustainability projects. The long-term facility was unveiled in Hanoi during the EU-Vietnam Global Gateway Business and Investment Forum, attended by Prime Minister Pham Minh Chinh and European Commissioner Jozef Síkela.
The funding is specifically designed to bridge the financing gap for private sector green initiatives, including renewable energy, energy efficiency, and sustainable transport. The partnership supports Vietnam’s ambitious Just Energy Transition Partnership goals, aiming for a carbon-neutral economy by 2050.
“Viet Nam has set ambitious goals for its energy transition and sustainable development,” said EIB Vice-President Nicola Beer. “These investments will deliver tangible benefits for people, including cleaner air, improved energy efficiency, and new opportunities for jobs and economic growth.”
Beyond the capital injection, EIB Advisory will provide technical support to Techcombank to enhance its climate risk management and disclosure frameworks. This assistance is part of the Greening Financial Systems programme, funded by Germany and Luxembourg.
Techcombank Vice Chairwoman Nguyễn Thu Lan noted that the agreement underscores the bank’s solid financial standing. “The facility will strengthen our ability to expand climate-aligned lending and support our clients in their transition to lower-carbon business models,” she stated.
European Commissioner Jozef Síkela added that the deal demonstrates how the EU’s Global Gateway strategy turns partnerships into practical results, fostering stronger growth alongside a cleaner energy system for the future.
