EIB Global and Techcombank have entered into a €200 million financing agreement to support climate action and environmental sustainability projects across Viet Nam. Announced during the EU-Vietnam Global Gateway Business and Investment Forum in Hanoi, the agreement highlights a shared commitment to expanding green finance and encouraging private-sector investment in the country’s sustainable development. The initiative is expected to play a significant role in helping Viet Nam advance its climate and clean energy goals.
The long-term financing facility is intended to close the funding gap for green projects, especially those undertaken by private businesses. Through this partnership, Techcombank will expand its lending to support projects in renewable energy, energy efficiency, and sustainable transport. These investments will contribute to several Sustainable Development Goals while also supporting Viet Nam’s Just Energy Transition Partnership, which is aimed at helping the country transition toward a green, carbon-neutral economy by 2050.
Alongside the financial support, EIB Global will provide advisory assistance to Techcombank to strengthen its climate risk management framework and improve climate-related disclosures. This support will also help ensure the effective implementation of the financing operation. Delivered through the Greening Financial Systems programme, which is funded by Germany and Luxembourg, the advisory component is designed to enhance Techcombank’s sustainable finance capacity and strengthen its role in promoting climate-aligned investments.
EIB officials described the agreement as a strong sign of the European Investment Bank’s continued support for Viet Nam’s ambitious energy transition and sustainable development agenda. The partnership is expected to expand green finance for the private sector, including small and medium-sized enterprises, while also delivering practical benefits such as cleaner air, better energy efficiency, improved access to sustainable energy, and new opportunities for employment and economic growth. It also reflects the broader objectives of the European Union’s Global Gateway strategy in supporting long-term sustainable investment in Viet Nam.
European representatives emphasized that the agreement demonstrates how cooperation between the EU and Viet Nam can deliver both economic and environmental benefits. By supporting Vietnamese companies in renewable energy, energy efficiency, and transport modernization, the financing is expected to create jobs, strengthen economic growth, and contribute to building a cleaner and more resilient energy system for the future.
Techcombank has highlighted that the partnership with the European Investment Bank reinforces confidence in the bank’s financial strength and long-term strategy. The facility will improve its ability to scale up climate-focused lending, support clients in transitioning to lower-carbon business models, and accelerate investment in sustainable infrastructure. Integrating climate finance into its broader banking strategy also underlines the bank’s commitment to responsible growth that creates value for the economy, society, and the environment.
EIB Global, as the international development arm of the European Investment Bank Group, plays a central role in advancing the EU’s Global Gateway strategy. The EIB has been active in Viet Nam since 1997, providing around €800 million to support sustainable infrastructure, renewable energy, climate action, and urban transport. Its work in the country has included support for major infrastructure projects and climate finance initiatives, as well as plans for further assistance under Viet Nam’s Just Energy Transition Partnership.
Techcombank is one of the largest joint stock commercial banks in Viet Nam and a leading financial institution in Asia. Serving around 18 million retail and corporate customers, it has built a strong presence through its digital banking services, mobile platform, and extensive branch network. The bank’s customer-focused strategy and partnerships across key economic sectors have helped position it strongly in one of the world’s fastest-growing markets.
The Greening Financial Systems programme, through which the advisory support will be delivered, is part of the EIB Advisory services and is funded by the governments of Germany and Luxembourg. The programme supports central banks, regulators, and financial institutions in integrating climate risk management and sustainable finance practices into their operations. In Viet Nam, it has already helped strengthen cooperation between the EIB and the State Bank of Vietnam, creating a stronger foundation for the continued development of green finance in the country.
