WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Corporate News
LEGO to invest US$1-billion in carbon-neutral manufacturing plant in Vietnam
Hai Yen 11:36, 2021/12/09
This would be LEGO’s sixth manufacturing plant in the world and the first carbon-neutral.

Denmark-based LEGO Corporation is set to invest in a manufacturing plant with total investment capital of over US$1 billion in the southern province of Binh Duong.

 Overview of the signing ceremony. Photo: Hai Minh 

Deputy Prime Minister Pham Binh Minh attended the signing ceremony on December 8 between representatives of LEGO and Vietnam-Singapore Industrial Park (VSIP) on the construction of the plant, which is scheduled to kick off in late 2022 and become operational in 2024.

The plant, expected to create over 4,000 jobs and run on solar energy, would be a sixth of LEGO in the world and the second in Asia, with which the Danish Corporation is expected to expand its global supply chains and better adapt to changes in customer behaviors in each region.

At the ceremony, LEGO COO Carsten Rasmussen expressed his thanks to the Vietnamese Government, especially Prime Minister Pham Minh Chinh and Deputy Prime Minister Pham Binh Minh, for their roles in facilitating the construction of LEGO’s first carbon-neutral plant.

Denmark Ambassador to Vietnam Kim Hojlun Christensen noted the plant is Danish largest investment ever in Vietnam, demonstrating the Nordic country’s confidence and optimism for the future of the bilateral relations.

In a meeting last September with Deputy Prime Minister Minh, Hojlun Christensen informed Binh Minh of LEGO’s intention to seek a location in Southeast Asia for its new plant, for which the deputy prime minister responded he would hold a phone talk with LEGO executives to coordinate this project. The talk between Minh and Rasmussen took place less than 15 days later.

Prime Minister Chinh during his trip to the UK to attend the COP26 also met with LEGO's COO on November 1.

Chinh called for LEGO to work with Vietnamese Government agencies and localities to choose a suitable location to ensure mutual benefits and hoped there would soon be LEGO products made in Vietnam.

LEGO Corporation was founded by Ole Kirk Kristiansen in Billund, Denmark in 1932. Its toys are now sold in over 130 countries and territories around the world.

RELATED NEWS
TAG: LEGO Vietnam Lego Binh Duong carbon neutral manufacturing plant vietnam
Other news
14:59, 2024/12/17
Bia Ha Noi brings you golden luck in Lunar New Year
Pop the cap, enter the draw and let Bia Ha Noi bring golden luck to your Tet!
12:16, 2024/12/10
Mr. Po Tran: Cultivating Gratitude at the Heart of Joy Journeys
‘Gratitude’ is one of the core values Mr. Po Tran emphasized when he began his career at Joy Journeys.
11:45, 2024/11/18
Vietnam, Brazil elevate ties to Strategic Partnership
Vietnam urges Brazil to recognize Vietnam's market economy status soon and start negotiations on a Free Trade Agreement with the Southern Common Market (MERCOSUR) by 2025.
17:34, 2024/11/11
Hanoi targets 10,000 digital enterprises by 2025 despite significant challenges
Hanoi aims to create 10 primary digital product groups by 2025, but major challenges remain on the road to achieving this ambitious goal.
20:06, 2024/10/01
EU, ASEAN discuss more investment in green transition
The EU’s Global Gateway has the ambition to mobilize EUR300 billion (US$332 billion) worldwide, building on commitments from all Team Europe partners – the European Union, its member states, and finance institutions- and from the private sector.
12:06, 2024/09/30
How FPT Software applies lessons from the global technology legend
FPT Software continuously enhances its standards through collaboration with leading organizations worldwide to apply the most modern international standards.