vietnamThe Lego Company said Lego products are in Binh Duong province, VietnaminvestIt has set up its second factory in Asia with US$1 billion. The construction of the factory is currently going smoothly, and it is scheduled to start producing toys in the second half of 2024. This is the largest investment ever by a Danish company in Vietnam.
Since Vietnam andEuropean UnionThe “EU-Vietnam Free Trade Agreement” has been signed, and Vietnamese products exported to the EU enjoy preferential tariffs. Danish companies are optimistic about Vietnam’s production conditions and have decided to invest and set up factories in Vietnam in order to expand further into the EU. ASEAN market.
Online media Vietnam Express (VnExpress) reported that this investment and factory construction is going smoothly. This is not only the largest investment case by a Danish company in Vietnam to date, but also the largest investment case in Binh Duong province since COVID-19. The biggest investment case after the Corona virus disease 2019 pandemic.
Preben Elnef, general manager of Vietnam Lego Manufacturing Co., Ltd., reported that the factory is located in Vietnam-Singapore Industrial Park No. 3 (VSIP 3) in Binh Duong province and covers an area. 44 hectares. There are currently about 2,000 construction workers on the site.
Elnef said the factory plans to hire 100 workers this year and 500 by the end of next year, and is expected to create 4,000 jobs within 15 years.
According to reports, the factory is the LEGO Group’s “most sustainably minded factory” and is designed to be carbon neutral. As of September 15, approximately 50,000 trees have been planted in the factory area, and there are 12,500 solar panels on the roof. There will also be a solar power plant nearby to supply electricity to the factory.
The LEGO Vietnam factory is LEGO’s second factory in Asia after investing in China in 2016. Its foundation stone ceremony was held in November last year. It is also Lego’s sixth factory in the world. Lego products are currently sold in over 130 markets around the world.