The European Investment Bank (EIB) is preparing to roll out one of its flagship advisory programmes, the Greening Financial Systems Technical Assistance (GFS TA) in Viet Nam. This initiative is supported through the Greening Financial Systems Fund, whose first contributor is the German government through the International Climate Initiative (IKI), recently joined by the Ministry of the Environment, Climate and Biodiversity of Luxembourg.
The initiative aims to strengthen Viet Nam’s financial sector in integrating climate considerations into decision-making and regulatory frameworks. Under the programme, the State Bank of Viet Nam (SBV) will receive targeted support to enhance climate risk management, expand green finance markets, attract international investment, adopt global best practices, and develop sustainable finance policies.
The collaboration with SBV is one of two components of the GFS TA Programme. The second component focuses on providing hands-on, tailored support to up three partner financial institutions of EIB. The TA will help financial institutions integrate climate risk management, develop bankable green project pipelines, and increase financing in priority sectors such as energy.
“By equipping financial institutions with the tools and knowledge to assess climate risks and identify green investment opportunities, the programme will help scale up financing for Viet Nam’s low-carbon transition”, said Isabelle Van Grunderbeck, Head of Financial Inclusion Unit in EIB Advisory services. “The advisory services will directly contribute to the implementation of Viet Nam’s Just Energy Transition Partnership (JETP), supporting the country’s ambition to accelerate the transition to a more sustainable and resilient energy system.”
“Strengthening the financial sector’s capacity is a crucial step in unlocking the significant investment needed to achieve national climate and energy goals. With donor funding already approved, implementation of the Technical Assistance is expected to begin in the coming months.” said Dragana Tanasic, Programme Manager for the GFS TA.
Through this collaboration, IKI continues to play a pivotal role in supporting Viet Nam’s climate finance ecosystem, helping bridge the gap between policy ambition and practical investment in sustainable development.
About the EIB and EIB Global
The EIB is the long-term financing institution of the European Union, owned by its Member States. It makes long-term finance available for sound investment to pursue EU policy goals. The EIB supports projects in four priority areas: infrastructure, innovation, climate and environment, and SMEs.
EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance and is a key partner of Global Gateway. It aims to support €100 billions of investment in Global Gateway projects by the end of 2027 (around a third of the initiative’s overall target). Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions, and civil society. EIB Global brings the EIB Group closer to local people, companies and institutions through its offices around the world.
For more details about the project, please visit: Greening Financial Systems Programme | Internationale Klimaschutzinitiative (IKI)