South East Asia

The European Investment Bank (EIB), the financing arm of the European Union, and the State Bank of Vietnam (SBV) have committed to deepening their cooperation on sustainable finance through technical assistance under the EIB’s Greening Financial Systems (GFS) programme. The SBV is expected to receive support to strengthen climate risk management, expand green finance, attract investment, adopt global best practices and develop sustainable finance policies.

The elevated section of Hanoi Metro Line 3 (8 stations) has been officially inaugurated on 09 November 2024. It will connect Nhon to Cau Giay over approximately 8 km, offering an environmentally friendly mode of transportation and helping to alleviate congestion in the capital of Viet Nam. The construction works of the underground section (4 additional stations connecting to Hanoi Railway Station) have also started last 30 July, and will extend the line to Hanoi Railway Station.

The Water Sector Fund managed by EIB Global will provide €10 million in the Water Access Acceleration Fund (W2AF), managed by Incofin, a prominent global impact investment manager. W2AF is a “water-focused” blended finance impact fund targeting sustainable and scalable solutions that improve access to safe, affordable drinking water for underserved populations, mainly in Sub-Saharan Africa and South and Southeast Asia. The new initiative will provide 20 billion litres of safe drinking water by 2030.