European Investment Bank Vice President visits Vietnam

Mr Jonathan Taylor will be accompanied by the EIB’s Director for operations outside Europe and senior colleagues responsible for lending in the region.

During the first high-level visit by the European Investment Bank to Vietnam in five years, the EIB will visit the site of its most recent climate related investment in Vietnam, the Hanoi metro project, and meet senior government ministers, city leaders and representatives of financial institutions and diplomats.

“The EU Bank is committed to strengthening climate related investment worldwide and Vietnam is a key partner for the EU in Asia. In recent years, we have supported transport, renewable energy and energy efficiency projects across Vietnam. I look forward to seeing at first hand the transformational impact of past EIB investment and discussing with Vietnamese Government, city and financial counterparts how the EIB’s future engagement can be strengthened”, said the EIB Vice President during his meeting with Vietnam’s Deputy Prime Minister Trinh Dinh Dung in Hanoi on January 9th.

Past transport financing by the European Investment Bank in Vietnam is supporting construction of new urban rail infrastructure in Hanoi and Ho Chi Minh cites. In recent years the EIB has also financed small scale climate related investment, including renewable energy projects and cutting energy use in industry, in partnership with Vietnamese banks.

“The EU and Vietnam cooperate closely to address global challenges and share a commitment to tackle climate change. As the EU Bank, the EIB has unique technical experience and finance expertise that are already contributing to sustainable development here in Vietnam and across Asia. I am confident that as the world’s largest financier for climate related investment the strengthened EIB engagement in Vietnam will unlock new investment across crucial sectors in the years to come”, stated Mr Bruno Angelet, Ambassador-Head of the Delegation of the EU to Vietnam.

Since 1998, the Bank has agreed more than EUR710 million for infrastructure investment in Vietnam./.

The EIB is the long-term lending institution of the EU owned by its member states. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.