The project is located in the Dak Lak provine of southern Vietna. Under the agreement, GE will supply turbines and help HBRE with the planning and surveying. GE has also agreed to provide full servicing for the turbines.
The area has an average wind speed of 7.6 metres per second, GE said.
HBRE chairman Ho Ta Tin said the project will help boost the region's social and economic conditions by creating skilled jobs and encouraging investment.
GE currently as 16MW of installed wind capacity in the country. In December, it signed a deal with the Electricity Regulatory Authority of Vietnam to develop a new grid code allowing integration of up to 6GW of wind energy.
The country has a goal of installing 6.2GW by 2030, with an interim 1GW target for 2020.