EIB Global, the development arm of the European Investment Bank (EIB), has entered into a €200 million financing agreement with Vietnam Technological and Commercial Joint Stock Bank (Techcombank). The funding is aimed at supporting climate action and environmental sustainability initiatives across Vietnam, with a focus on projects implemented by private sector enterprises. The financing will enable Techcombank to expand lending towards green projects in sectors such as renewable energy, energy efficiency, and sustainable transport.
Furthermore, EIB Advisory will collaborate with Techcombank to enhance its climate risk management practices and improve climate-related disclosures. The advisory component will be delivered under the Greening Financial Systems programme, which is funded by Germany and Luxembourg. Additionally, the financing is expected to support multiple sustainable development goals through increased investment in green infrastructure. Furthermore, the initiative is aligned with Vietnam’s Just Energy Transition Partnership, contributing to the country’s target of achieving a carbon-neutral economy by 2050.
In March 2026, EIB, along with Natixis Corporate & Investment Banking, and Sunprime Holdings S.r.l. finalised a project finance agreement of up to €507 million to support Project Sophocles in Italy. The project involves the development and operation of nearly 200 solar plants with a combined capacity of 290 MWp, along with 350 MW of battery energy storage systems.