LEGO to invest US$1-billion in carbon-neutral manufacturing plant in Vietnam

Hai Yen

Dec 09, 2021 / 11:36 AM

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.

Denmark supports Vietnam US$1 mln in improving quality of official statistics

26 Nov, 19:41

The project focuses on the use of administrative data for producing population, migration, and education statistics, exploring the opportunities in big data for producing statistics, and producing the first-ever environmental-economic accounts for Vietnam.

Denmark, World Bank nurture Vietnam’s fledgling offshore wind energy

23 Sep, 12:45

Vietnam’s offshore wind power is of great potential thanks to the country’s long coastline and political will in the face of the increasing demand for energy.

Hanoi seeks investment, cooperation from Greece, Denmark

26 Aug, 16:01

The visits aims to boost investment in Hanoi and cooperation in tourism.

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

16 Dec, 10:12 PM

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

16 Dec, 03:35 PM

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

15 Dec, 07:28 PM

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.

15 Dec, 07:16 PM

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

14 Dec, 02:17 AM