- Ref:: Finimize
- Title:: Everything Is Awesome
- Author:: Finimize
- Year of publication:: 2022
- Category:: News
- Related:: The LEGO Group announces plans to build new factory in Vietnam to support long-term growth
Notes from reading
Lego’s planning to start building its sixth global factory in Vietnam soon, as part of a $1 billion push to tap into the Asian market
December 8, 2021: The LEGO Group today signed a Memorandum of Understanding with Vietnam Singapore Industrial Park Joint Venture Company Limited (VSIP) to build a new factory in Vietnam. The facility is planned to be the company’s first carbon neutral factory and will include investments in solar energy generation.
The LEGO Group will invest more than US $1 billion in the 44-hectare site in the Binh Duong Province around 50km from Ho Chi Minh City and create up to 4,000 jobs over the next 15 years.
Construction is set to begin in the second half of 2022 and production is due to start during 2024.