European Commissioner for International Partnerships, Jozef Síkela, announced the package at the EU-Vietnam Global Gateway Business and Investment Forum in Hanoi on March 24.

“The EUR560 million investment package shows how the partnership between the European Union and Vietnam delivers on what matters most by boosting economic growth while reducing pollution. We invest together with Vietnamese companies in sustainable, modern transport and clean energy. This is how Global Gateway turns partnership into practical results including jobs, stronger growth, a cleaner energy system and easier transport connections for the future.”, he stressed.

European Investment Bank Vice-President Nicola Beer, who oversees the Bank’s operations in Vietnam, said “As the financing arm of the European Union, the EIB is supporting Vietnam’s transition to cleaner energy and better transport, delivering tangible benefits for people. In partnership with the European Commission, including through the Just Energy Transition Partnership, we are turning ambition into action.

“At the EU–Vietnam Global Gateway Business and Investment Forum, we announced a EUR200 million agreement with Techcombank to expand access to finance for private businesses, including SMEs, backing investment in renewable energy, energy efficiency and electric mobility. This means more jobs, lower energy bills and cleaner air for people in Vietnam”, she added.

The forum also saw several agreements between European and Vietnamese businesses, with total investments in transport and connectivity, logistics, digital health, and industrial development.

The EUR40 million Sustainable Transport Facility launched by the EU will support Vietnam in advancing massive public transport investment plans in the coming years. This initiative will leverage European expertise, technology, and know-how to develop at least four major infrastructure projects nationally or in major cities. Projects will focus primarily on railways, including the Hanoi–Ho Chi Minh City high-speed rail project, as well as inland waterways and urban mobility, with the aim of mobilising over EUR1 billion in concessional loans from European development banks alongside private sector participation.

The EU has already partnered with Vietnam on modern transport projects, such as the extension of Hanoi Metro Line 3, easing urban congestion and improving mobility. European companies will also contribute to the development of the Lien Chieu container port in Da Nang.

In energy, European development banks signed loan agreements totaling EUR230 million to support Electricity Vietnam in the Bac Ai pumped storage hydropower project, Vietnam’s first of its kind. The facility will act as a giant battery for the national grid, storing excess energy and releasing it when needed, ensuring reliable and clean electricity for communities.

This investment forms part of a broader package worth nearly EUR400 million delivered through the Team Europe approach, which brings together the European Commission, AFD (Agence Française de Développement), PROPARCO, Cassa Depositi e Prestiti (Italy’s national promotional institution), the European Investment Bank, and KfW (the German development bank).

In addition, the European Investment Bank (EIB) Global and Vietnam’s leading private bank Techcombank announced a EUR 200 million financing agreement to support private sector projects in solar and wind energy, energy efficiency, and electric mobility.

As multi-billion-euro investment commitments take center stage at the forum, the European Chamber of Commerce in Vietnam (EuroCham) has launched the 17th edition of its Whitebook. This flagship publication serves as a timely and strategic instrument to support the effective and sustainable deployment of these landmark investments. 

The Whitebook has been formally presented to Vietnam’s Deputy Minister of Finance Tran Quoc Phuong, in the presence of Deputy Prime Minister Ho Duc Phoc and Commissioner Síkela. The 2026 edition, titled “Reform & Uplift: A New Era for Vietnam in the Global Economy”, offers a structured set of policy recommendations rooted in business realities. These insights are designed to complement Vietnam’s ongoing reform efforts in reinforcing the transparent, predictable, and efficient regulatory environment required to translate investment commitments into tangible socio-economic outcomes.

EU-Vietnam Global Gateway business and investment forum slated for late March

VOV.VN - The first EU–Vietnam Global Gateway business and investment forum is scheduled to take place in Hanoi on March 24 under the theme “Investing Together In A Sustainable Future.”