EIB Global and Techcombank Launch €200 Million Financing Initiative to Accelerate Green Investment and Energy Transition in Viet Nam

EIB Global and Techcombank Launch €200 Million Financing Initiative to Accelerate Green Investment and Energy Transition in Viet Nam

(IN BRIEF) EIB Global and Techcombank have signed a €200 million financing agreement to support green projects in Viet Nam, focusing on renewable energy, energy efficiency, and sustainable transport. Announced at the EU-Vietnam Global Gateway Business and Investment Forum in Hanoi, the initiative aims to mobilise private sector investment and advance the country’s Just Energy Transition Partnership goals. In addition to financing, EIB Global will provide advisory support to enhance Techcombank’s climate risk management and sustainable finance capabilities. The collaboration is expected to contribute to Viet Nam’s transition toward a low-carbon economy while supporting economic growth and environmental sustainability.

(PRESS RELEASE) LUXEMBOURG, 24-Mar-2026 — /EuropaWire/ — European Investment Bank through its development arm EIB Global has entered into a €200 million financing partnership with Techcombank to accelerate environmentally sustainable investments across Viet Nam, with a particular focus on supporting private sector initiatives aligned with the country’s climate goals.

The agreement was formally introduced in Hanoi during the EU-Vietnam Global Gateway Business and Investment Forum, attended by senior European and Vietnamese leaders, including Prime Minister Pham Minh Chinh and European Commissioner for International Partnerships Jozef Síkela. The initiative reflects a broader effort to mobilise capital for green transformation projects while strengthening cooperation between European and Vietnamese financial institutions.

The long-term funding facility is designed to expand access to finance for projects in renewable energy, energy efficiency, and sustainable transport. By channeling capital into these areas, the partnership aims to help advance Viet Nam’s transition toward a low-carbon economy and support the implementation of its Just Energy Transition Partnership objectives. The financing is also expected to contribute to wider economic development by encouraging private sector participation and fostering sustainable business growth.

In addition to providing funding, EIB Global will deliver technical advisory support to Techcombank. This includes enhancing the bank’s approach to climate risk management, improving transparency around climate-related disclosures, and strengthening its overall sustainable finance framework. The advisory component will be delivered under the Greening Financial Systems programme, backed by contributions from Germany and Luxembourg.

Nicola Beer, Vice-President of the European Investment Bank, highlighted the importance of aligning financial investment with Viet Nam’s long-term sustainability targets, noting that the initiative spans multiple sectors including energy, transport, and private enterprise. She also pointed to the broader benefits of such investments, including improved environmental conditions, increased energy efficiency, and new economic opportunities.

European Commissioner Jozef Síkela underlined that the collaboration demonstrates how international partnerships can support economic development while reducing environmental impact, particularly through investments in clean energy and infrastructure. Nguyễn Thu Lan, Vice Chairwoman of Techcombank’s Board, emphasised that the agreement reinforces the bank’s ability to expand climate-focused lending and integrate sustainability into its long-term growth strategy.

Overall, the partnership represents a coordinated effort to strengthen Viet Nam’s green finance ecosystem while supporting its transition to a more sustainable and resilient economy.

Background information

EIB Global

EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international win-win partnerships and development finance, and a key partner of Team Europe and the Global Gateway strategy. EIB Global brings the EIB Group closer to people, companies and institutions through its offices across the world.

EIB Global in Viet Nam

The European Investment Bank (EIB) has been active in Viet Nam since 1997, providing about €800 million to support sustainable infrastructure, renewable energy, climate action and urban transport. EIB financing has contributed to major projects such as Hanoi Metro Line 3 and climate finance initiatives through Vietnamese banks, and provides support for Viet Nam’s Just Energy Transition Partnership (JETP), including through the planned €500 million framework loan with the Ministry of Finance.

About Techcombank

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is one of the largest joint stock banks in Viet Nam and a leading bank in Asia, with a vision to “Change banking, Change lives.” The bank pursues a proven customer-centric strategy in providing a broad range of retail and corporate banking solutions and services to help financially empower its customers. Techcombank has around 18 million retail and corporate customers, which it serves through a market-leading digital banking platform and mobile app, and an extensive network of transaction service outlets at locations across Viet Nam. The bank’s ecosystem approach, co-created through partnerships in multiple key economic sectors, adds further scale and differentiation in one of the fastest growing markets in the world.

Techcombank is rated AA- by FiinRatings, Ba3 by Moody’s, BB by S&P and BB- by Fitch, among the highest rated joint stock commercial banks in Viet Nam.

Greening Financial Systems (GFS) programme

The GFS Programme, which is part of the EIB Advisory range of services, is funded by the Greening Financial Systems Fund (GFS Fund) mandate, financed by the German Federal Ministry of Environment, Climate Action, Nature Conservation and Nuclear Safety and the Luxembourgish Ministry of Environment, Climate and Biodiversity. The programme contributes to the NDC Partnership’s Readiness Support for Greening Central Banks initiative. It provides tailored support to help central banks, supervisors and financial institutions integrate climate risk management and sustainable finance practices into their operations. In 2024, the EIB and the State Bank of Vietnam (SBV) agreed to deepen their cooperation on sustainable finance through the GFS programme, paving the way for stronger green finance development in Viet Nam.

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SOURCE: European Investment Bank