Danish toymaker LEGO has officially begun the construction of its 1 billion USD project in the southern province of Binh Duong as green investment starts to take shape in Vietnam.
Hanoi (VNA) - Danish toymaker LEGO has officially begun the construction of its 1 billion USD project in the southern province of Binh D🐷uong as green investment starts to take shape in Vietnam.
The project covers an area of 44ha in the Vietnam-Singapore Industrial Park III, making it the company’s sixth in the world and second in Asia.
LEGO CEO Niels B. Christiansen said it is the first factory designed as a neutral carbon facility. Apart from solar panels on the roof, the factory will also have a nearby solar power farm to meet annual energy demand and use energy-saving equipment to meet the minimum standards of LEED Gold, a green building certification used worldwide.
Once completed in 2024, the factory is expected to generate thousands of jobs for skilled workers, contributing to Binh Duong’s economic development in the coming years.
Although LEGO's project is considered an important milestone, this is not the only one contributing to the trend of green FDI inflows in Vietnam.
At the ground breaking ceremony of LEGO's plant in Vietnam (Photo: baodautu.vn)
A few months ago, Pandora, a Danish jewelry manufacturer, decided to invest 100 USD million in building a new facility in Binh Duong. The plant is set to follow the LEED Gold standard and be powered by renewable energy. It will create jobs for more than 6,000 craftspeople and have an annual capacity of 60 million pieces of jewellery.
Recently, DHL Express, the world's leading international express delivery service provider, inaugurated its newest operation centre in Vietnam. It is worth mentioning that, with the goal of sustainable development at the heart of all business activities, the centre has been equipped with a series of technologies to help reduce carbon emissions and optimise efficiency.
Notably, European investors are very interested in green projects in Vietnam.
Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Alain Cany said that EuroCham is implementing an investment promotion programme, planning to bring 300 European enterprises in green economic fields to Vietnam to explore investment opportunities. Related feedback has been positive.
With policies to encourage sustainable growth, Vietnam can leap ahead of many other countries in the region, said Cany./.
Vietnam is hoping to attract more investment from the US, Europe and major global enterprises under a recently approved strategy on foreign investment cooperation.
The Bank for Investment and Development of Vietnam (BIDV) and Vietnam-Singapore Industrial Park (VSIP) Joint Venture Company Limited on August 22 signed a credit contract to sponsor an investment project on the construction of VSIP III worth 4.6 trillion VND (200 million USD) in the southern province of Binh Duong.
Danish toy maker LEGO on November 3 began construction of an over-1.3 billion-USD factory, the biggest foreign-invested plant in the southern province of Binh Duong.
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The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative photo (Source: baodautu.vn)
At the ground breaking ceremony of LEGO's plant in Vietnam (Photo: baodautu.vn)
