EIB Global and Techcombank announce €200 million credit line for climate investments in Viet Nam

This article is published in association with European Investment Bank.

The €200 million financing agreement between EIB Global and Techcombank was announced during the EU-Vietnam Global Gateway Business and Investment Forum in Hanoi.
The financing will support green projects implemented by private businesses in Viet Nam, advancing the country’s Just Energy Transition Partnership (JETP).
EIB Global will also work with Techcombank to strengthen climate risk management and support the bank’s sustainable finance activities.

EIB Global, the development arm of the European Investment Bank (EIB), and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have announced a €200 million financing agreement to accelerate climate action and environmental sustainability projects across Viet Nam.

The long-term financing facility aims to bridge the financing gap for green initiatives, particularly within the private sector. The agreement was unveiled during the EU-Vietnam Global Gateway Business and Investment Forum in Hanoi, in the presence of Prime Minister Pham Minh Chinh and European Commissioner for International Partnerships Jozef Síkela. The announcement was made by EIB Vice-President Nicola Beer and Vice Chairwoman of the Board at Techcombank Nguyễn Thu Lan.

With this funding, Techcombank will expand lending for projects in areas including renewable energy, energy efficiency and sustainable transport. The operation will contribute to several Sustainable Development Goals and support Viet Nam’s Just Energy Transition Partnership towards a green, carbon-neutral economy by 2050.

Alongside the financing, the EIB Advisory will work with Techcombank to strengthen its climate risk management framework, improve climate-related disclosures and support the implementation of the operation. This advisory support will be provided through the Greening Financial Systems (GFS) programme, financed by Germany and Luxembourg.

EIB Vice-President Nicola Beer, who oversees the Bank’s operations in Viet Nam, said: “Viet Nam has set ambitious goals for its energy transition and sustainable development. The European Investment Bank is supporting these efforts across sectors – from energy systems and sustainable transport to green finance with partners such as Techcombank, through which we support the private sector, including small and medium-sized enterprises. These investments will also deliver tangible benefits for people, including cleaner air, improved energy efficiency, better access to sustainable energy and new opportunities for jobs and economic growth. This cooperation reflects the European Union’s Global Gateway strategy and our shared commitment to supporting sustainable investment and the long-term development of Viet Nam.”

European Commissioner for International Partnerships Jozef Síkela said: “This agreement shows how our partnership with Viet Nam delivers on what matters most: sustaining economic growth while reducing pollution and expanding clean energy. Through this cooperation, we invest together with Vietnamese companies in renewable energy, improve energy efficiency and modernise transport. This is how Global Gateway turns partnership into practical results: jobs, stronger growth and a cleaner energy system for the future.”

Techcombank Vice Chairwoman of the Board Nguyen Thu Lan highlighted the following: “We value the opportunity to partner with the European Investment Bank following its rigorous appraisal process, which underscores Techcombank’s solid financial standing. The facility will strengthen our ability to expand climate-aligned lending, support our clients in their transition to lower-carbon business models, and accelerate investment in sustainable infrastructure. By integrating climate finance into our banking strategy, we reinforce our commitment to long-term, responsible growth that creates value for the economy, society and the environment.”

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.

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe to get the latest posts sent to your email.

This article is published in association with United Nations.

Gaza: Commitment to US-backed plan crucial to recovery, Security Council hears

March 25, 2026

This article is published in association with United Nations. As tensions escalate in the Middle East, the international community must not lose sight of the situation in Gaza, an official with US President Donald Trump’s Board of Peace across the shattered enclave said on Tuesday in his first appearance in the UN Security Council. High Representative […]

© IMF/Stephen Jaffe The UN is warning of surging food and fuel prices driven by the escalation of the conflict in the Middle East.

Dire fertiliser shortage a lurking threat due to Hormuz crisis

March 24, 2026

This article is published in association with United Nations. Since the start of the Middle East conflict with Israeli and US strikes on Iran on 28 February, concerns have been growing over rising oil and commodity prices. At the centre of it lies the Strait of Hormuz – one of the world’s most critical maritime chokepoints […]

© WFP/Arete/Ali Yunes A building in Beirut lies in ruins after airstrikes in Lebanon.

War in the Middle East: Iran nuclear facility hit as equivalent of ‘one classroom of children’ killed, wounded daily in Lebanon

March 23, 2026

This article is published in association with United Nations. More than 1,000 people have been killed and 2,584 injured in Lebanon since the start of the US-Israel war on Iran, UN officials said Saturday. Key points “Recent escalation has killed or wounded the equivalent of one classroom of children every day,” said Ted Chaiban, deputy chief […]

Middle East war shockwaves ripple through Asia-Pacific fuel and supply chains

March 20, 2026

This article is published in association with United Nations. The fallout from the war in the Middle East is rippling far beyond the Gulf, disrupting fuel supplies, shipping routes and supply chains across Asia and the Pacific, with some of the region’s most vulnerable economies already feeling the strain through rising prices, rationing and threats to […]

© WFP/Jaber Badwan A woman carries food rations distributed by the World Food Programme in Almaghazi, Gaza.

Humanitarian needs in Gaza deepen as aid access remains constrained

March 19, 2026

This article is published in association with United Nations. Humanitarian needs are continuing to grow again across Gaza, the UN agency assisting Palestine refugees (UNRWA) said on Wednesday, amid mounting pressures on aid delivery and the ongoing conflict in the Middle East. “Families face ongoing hardship” as access to essential aid remains limited and many continue […]

© WFP/Khadija Dia Food is distributed to displaced families sheltering in a school in Tariq Jdide, Beirut.

Middle East war risks pushing 45 million more people into acute hunger

March 18, 2026

This article is published in association with United Nations. The Middle East war could cause the worst disruption to lifesaving humanitarian work since COVID, the UN World Food Programme (WFP) warned on Tuesday, as the UN chief again demanded an end to the widening conflict. “The Secretary-General asserts once more that the war in the Middle […]

© World Vision Smoke rises in Beit Mery, close to the Lebanese capital, Beirut, following an airstrike.

Middle East war’s ‘spiral of conflict’ drives mounting civilian toll

March 17, 2026

This article is published in association with United Nations. The widening war in the Middle East and its growing impact on civilians came under scrutiny at the UN in Geneva on Monday, as independent experts briefing the Human Rights Council warned of escalating violence following the onset of Israeli and US strikes on Iran and counterstrikes […]

© Mousawat A mother and child displaced by the conflict in Lebanon receiving care at a clinic.

Middle East war: Women in Lebanon forced to give birth on roadside

March 16, 2026

This article is published in association with United Nations. As the UN Secretary-General touched down in Beirut on Friday in solidarity with the people of Lebanon, UN agencies highlighted the dangers for civilians and particularly pregnant women and migrant workers, amid ongoing airstrikes and rocket fire between Hezbollah fighters and Israel. “There’s 11,600 pregnant women who […]

© WFP/Arete/Ali Yunes Some residents of Beirut who have been displaced by the conflict are now living on the streets of the Lebanese capital.

‘Perfect storm’: Lebanon crisis deepens as civilians bear the brunt

March 13, 2026

This article is published in association with United Nations. Lebanon is facing a “perfect storm of unpredictable challenges” as conflict, mass displacement and dwindling humanitarian resources converge, the UN’s Resident and Humanitarian Coordinator in Lebanon, Imran Riza, has warned. The current escalation began on 2 March, when outgoing fire by Hezbollah drew a strong retaliation from […]

© WFP/Maxime Le Lijour People living in Gaza have received humanitarian aid from the UN throughout the conflict with Israel.

UN relief chief condemns ‘$1 billion-a-day’ cost of war in Middle East

March 12, 2026

This article is published in association with United Nations. The UN’s emergency relief chief on Wednesday condemned the “$1 billion-a-day” cost of the war in the Middle East, at a time when humanitarian needs are soaring and aid funding is falling dangerously short. “We’re seeing the consequences spread faster than we can respond”, warned the UN emergency […]

© UNICEF/Azizullah Karimi Afghan returnees from Iran gather at the Islam-Border, near Herat in western Afghanistan (file).

‘Toxic rain’ warning from oil depot strikes amid ongoing Middle East war

March 11, 2026

This article is published in association with United Nations. Toxic “black rain” linked to strikes on oil depots, mass displacement and continuing disruption to aid supply chains are upending lives across the Middle East and beyond after 10 days of war in the region, UN humanitarians said on Tuesday. Speaking to reporters in Geneva, UN Human […]

© UNHCR People gather at the Masnaa border point in Lebanon as they wait to cross into Syria.

Nearly 700,000 displaced in Lebanon as Middle East crisis escalates

March 10, 2026

This article is published in association with United Nations. On day 10 of the war engulfing the Middle East, UN agencies on Monday reported massive displacement across the region, along with surging food and fuel prices that risk increasing hunger and suffering for the most vulnerable. In Lebanon alone, nearly 700,000 people including around 200,000 children […]

UN Photo/Pasqual Gorriz Smoke rises in Beirut, Lebanon, following the outbreak of hostilities across the Middle East.

Lebanon ‘dragged back into turmoil’, UN envoy warns

March 9, 2026

This article is published in association with United Nations. Lebanon has been “dragged back into a state of turmoil and violence”, the UN’s top envoy in the country warned on Saturday, after the latest round of regional strikes triggered a fast‑escalating crisis along the Blue Line. What had been fragile but real momentum, she said, has […]

UNHCR Smoke rises after an airstrike in Beirut, Lebanon.

MIDDLE EAST LIVE: Strikes continue across Middle East as humanitarian concerns grow

March 6, 2026

This article is published in association with United Nations. Highlights Production team: Vibhu Mishra with Daniel Johnson in GenevaToday 12:15 μ.μ. UN rights office warns displacement orders in Lebanon affecting hundreds of thousands The UN human rights office has warned that large-scale displacement orders and ongoing airstrikes in Lebanon are worsening the suffering of civilians already affected […]

© UNICEF/Ramzi Haidar Destroyed buildings and debris in the southern suburbs of Beirut, Lebanon, following airstrikes.

MIDDLE EAST LIVE: Further escalation drives uncertainty and suffering

March 6, 2026

This article is published in association with United Nations. On day six of the war in the Middle East, there’s been no let-up in bombs, drones and rockets targeting Iran, Israel, Lebanon and many Gulf States, while NATO forces reportedly intercepted a missile fired at Türkiye by Iran, a claim denied by Tehran. We’ll bring you […]

MIDDLE EAST LIVE: Conflict continues across region amid US, Israeli and Iranian strikes

March 5, 2026

This article is published in association with United Nations. Violence in the Middle East is continuing into a fifth day, with US and Israeli strikes against Iran and Iranian missile and drone attacks reported across several countries in the region. The escalating confrontation is disrupting airspace, transport and daily life while raising fears of a wider […]

© IAEA/Paolo Contri The Bushehr Nuclear Power Plant in Iran.

Iran crisis: Schoolgirls killed, thousands displaced and aid compromised

March 4, 2026

This article is published in association with United Nations. On the fourth day of Israeli and United States airstrikes against Iran and amid growing violence and instability in the Middle East, the UN urgently called for protection of civilians and warned of growing displacement and humanitarian needs. UN human rights office spokesperson Ravina Shamdasani also recalled […]

© Unsplash/Kamran Gholami Tehran, the capital of Iran. (file photo)

MIDDLE EAST LIVE: Strikes continue from US, Israel and Iran as UN urges restraint

March 3, 2026

This article is published in association with United Nations. Violent escalation in the Middle East has entered a third day as coordinated US and Israeli strikes against Iran aimed at regime change continue to cause loss of life and damage across the region, prompting Iranian missile and drone counter-strikes hitting targets in multiple countries. Explosions, airspace […]

Deadly bombing of Iran primary school ‘a grave violation of humanitarian law’: UNESCO

March 2, 2026

This article is published in association with United Nations. The UN education agency, UNESCO, says that the bombing of a primary school during the US and Israeli military attacks on Iran on Saturday constitutes a grave violation of humanitarian law. The missiles reportedly destroyed a girl’s primary school in Minab, southern Iran, killing around 150 and […]