Hanoi (VNA) – Deputy Prime Minister Tran Luu Quang hosted a reception in Hanoi on May 30 for Chief Operations Officer of the Denmark-based LEGO Group Carsten Rasmussen who is on a working visit to Vietnam.
At the event, Deputy PM Quang affirmed that the Vietnamese Government treasures and pays special attention to the LEGO plant in the southern province of Binh Duong which is built in line with the global development trend and one of important solutions for the country to concretise the net-zero commitment it made at the 2021 UN Climate Change Conference (COP 26).
LEGO plant will be a standout example for Vietnam’s foreign investment attraction in the coming time since it initiates a green production method that the country and the whole world are heading towards, he said, stressing the plant is a vivid illustration for the commitments of the two countries’ leaders on enhancing bilateral investment and trade ties.
He spoke highly of the efforts made by ministries, sectors and Binh Duong province to remove bottlenecks and push ahead the construction of the plant.
Quang expressed his hope that Danish Ambassador to Vietnam Nicolai Prytz and LEGO leaders will continue working to call for Danish firms to land investment in Vietnam.
Carsten Rasmussen thanked the Vietnamese Government, ministries, sectors and the locality for their support for LEGO to develop its plant which is sixth and first-ever carbon-neutral one in the world.
LEGO is working with Binh Duong province to build a solar energy farm to serve the plant, and it is expected to become operational on the outset of 2025, he said.
Meanwhile, the Danish diplomat stressed that the one-billion-USD LEGO plant is the largest overseas project of Danmark and also a typical model for green and sustainable development.
He said he has been impressed by Vietnam’s strong commitment to the net-zero target by 2050, holding its efforts to realise the goal will help the country hold competitive edge in attracting foreign investments./.
See more
Semiconductor industry propels Vietnam’s industrial realty market boom: Savills
With enhanced investment and Government’s support, the semiconductor industry has a pivotal role to play in the growth of Vietnam’s industrial real estate, according to a Savills Vietnam expert.
Ba Ria-Vung Tau to develop international port worth nearly 230 million USD
The project aims to construct the My Xuan International General Port, capable of accommodating ships with a capacity of up to 60,000 DWT.
Vietnam's automobile industry to face multiple challenges in 2025
The Ministry of Industry and Trade has forecast that Vietnam's automobile market could grow by approximately 12% in 2025, with sales expected to reach 600,000 units.
Vietnam-Singapore trade hits record high in 2024
Vietnam’s trade with Singapore hit an all-time high in 2024, surpassing 31.67 billion SGD (approximately 23.5 billion USD).
500kV transmission line from Laos energised
The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.
Vietnam's digital tech sector boasts nearly 74,000 companies
Total revenue of Vietnam's digital tech companies reached nearly 158 billion USD in 2024, a 10.2% year-on-year increase, according to the Ministry of Information and Communications (MIC).
Banks selling mortgaged assets to recover bad debts
The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.
Vietnam’s export to Philippines tops 6 billion USD for first time
Vietnam’s trade with the Philippines has reached an impressive milestone, with turnover exceeding 8.6 billion USD in 2024, up 11% year-on-year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Vietnam seeks to set up cooperation with Brazilian locality
In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.
Vietnam embraces circular economy with national action plan till 2035
Between now and 2030, Vietnam is committed to reducing the extraction and use of non-renewable and water resources, while simultaneously enhancing the efficiency of resource, material and energy usage.
Remittances surge as Tet approaches
According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.
Reference exchange rate continues downward trend
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,325 VND/USD on January 24, down 3 VND from the previous day.
Banks' credit up 11.3% in HCM City in 2024
Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.
Vietnam to become Asia-Pacific region's fastest growing economy in 2026
The World Bank projects Vietnam's GDP growth at 6.3% in 2026, the highest in the Asia-Pacific region.
Vietnam's rice export predicted to face challenges in 2025
The Vietnamese rice sector is likely to face a host of challenges in export in 2025 after a successful year in 2024, according to experts.
Hai Phong seaport system strives to handle 112 million tonnes of cargo this year
To reach targets, the Hai Phong Maritime Port Authority is promoting administrative procedure reform by applying a specialised software, creating the most favourable conditions for maritime enterprises while still ensuring the effectiveness and efficiency of State management in the Hai Phong seaport area.
Can Tho industrial zones attract nearly 314 million USD in investment in January
In January, Can Tho’s export processing and industrial zones attracted nearly 314 million USD in investment, according to the zones’ management board.
Quang Tri, Italian company to collaborate in carbon credit generation
Acting Chairman of Quang Tri province Ha Sy Dong expressed his hope that the collaboration will effectively contribute to Vietnam’s and Italy’s international ecological environment commitments.
Remittances to HCM City surge ahead of Tet
Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.
Kon Tum cracks down on durian, jackfruit quality control violations
The Central Highlands province of Kon Tum is implementing stricter quality control measures for durian and jackfruit exports following a warning from China about food safety lapses in some Vietnamese durian shipments.