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% CORPORATE NEWS

G WIND FARM TO RECEIVE GE TURBINES H per cent of pre-construction projects being
wind or solar. “In our inaugural release, which
provides a snapshot of the power project
pipeline at the end of 2020, developed markets
such as Australia and Japan lead the region in
the Renewable Additions Index, with the
majority of their upcoming projects being
wind or solar power,” the report stated. “Emerg-
ing markets such as Vietnam, Sri Lanka, and
the Philippines also have significant non-
hydro renewable energy in the project pipeline.”

platforms, which drive their “best practice”
G AZERAI CAN THO OFFERS PILATES RETREATS H services, having successfully carried out the
GE Renewable Energy has been awarded a 2020 Core AI Project, which enhanced the
contract by the Ocean Renewable Energy JSC bank’s products and supported the end-to-
to supply four of its MW-137 wind turbines end customer experience. One such outstand-
to support the construction of the Cau Dat ing application was SeAMobile - the only
Wind Farm, the first wind farm in the central financial application in the domestic banking
highlands province of Lam Dong. The contract landscape that features a virtual “personal
also provides a ten-year full-service O&M financial assistant”. To power its bespoke Cus-
(operations and maintenance) agreement for tomer Care Efficiency (CCE) standards, SeA-
the wind farm. This is GE Renewable Energy’s Bank has cooperated with FPT Smart Cloud,
first partnership with Ocean Renewable becoming the first domestic bank to launch
Energy. Both companies have been working an FPT AI Virtual Assistant solution in Viet-
closely for a year on wind farm design, layout, nam’s banking sector. This strategic, concurrent
transportation, and engineering. Construction investment is considered by the bank’s leaders
of the Cau Dat Wind Farm is expected to be as “a vital foundation for SeABank to reach
completed by the third quarter of this year, Azerai Can Tho is introducing monthly four- our digital convergence goal”, listing technology
which will provide substantial benefits for day, three-night Pilates retreats starting in as one of five pillars for banking success to be
the province’s economy, creating jobs during March, as the resort continues to embrace achieved through the consistent delivery of
the initial construction period and ongoing its growing reputation as one of southern more digitized products and services.
employment opportunities in operations, Vietnam’s most unique wellness destinations.
maintenance, and project support services The next Pilates retreat is scheduled for
throughout the agreement period. “This fur- March 8-11. “Our new Pilates retreats are G VIGLACERA TO INVEST IN IP H
ther validates our commitment to Vietnam one more step for Azerai Can Tho as we The Viglacera Corporation has obtained
and underscores our important contribution become a total wellness destination in Viet- approval to invest in the Thuan Thanh I
to the country’s energy transition,” said Mr. nam,” said General Manager Vuko Kralj. “The Industrial Park in northern Bac Ninh province.
Gilan Sabatier, Regional Leader for GE Renew- response to our first retreat in January was Total initial investment is about $123.8 million.
able Energy’s Onshore Wind Business in very encouraging. There is truly no better The project covers over 249 ha and straddles
South Asia and ASEAN. environment for a healthy and relaxing escape the three communes of Ninh Xa, Tram Lo,
than our breezy islet.” The new Pilates retreats and Nghia Dao in Thuan Thanh district. The
include a 45-minute posture analysis, five time for project implementation is not to
G VIETNAM RISING IN CLEAN POWER H 60-minute Pilates sessions per stay on reform- exceed 36 months from the date of the land
ers, a 60-minute wellbeing spa treatment, handover. Thuan Thanh I will have a lifespan
and a 60-minute antioxidant green tea scrub of 50 years from February 17, 2021. The
at The Azerai Spa. All activities will comply locality is also responsible for selecting com-
with government and local authority health petent investors to implement the project,
regulations. As such, spa treatments on the and organizing land acquisition and com-
itinerary are subject to possible replacement pensation, site clearance, and the conversion
with other activities. Located on a private of land use purpose.
islet on the Hau River and accessible only by
boat, Azerai Can Tho offers a peaceful natural
setting for retreats.

Vietnam leads emerging markets in the new G SEABANK BUSY WITH DIGITIZATION H
Clean Power Additions Ranking for Asia The Southeast Asia Commercial Joint Stock
Pacific, standing in third place, according to Bank (SeABank) is continually upgrading its
the latest report from IHS Markit. With aggres- infrastructure, including the latest in artificial
sive renewable energy policies, especially feed- intelligence (AI) systems to advance the cus-
in tariffs, Vietnam has unleashed its technical tomer experience while optimizing its oper-
as well as commercial potential for solar, ations, as it views digitization as a crucial
onshore wind, and offshore wind power, with pillar in supporting banking progress. SeABank
a third of under-construction projects and 45 is widely regarded as a pioneer in AI banking

44 | VIETNAM ECONOMIC TIMES | MARCH 2021