LEGO Manufacturing Vietnam Co. Ltd. is seeking hundreds of workers for its 1.3-billion-USD factory in the southern province of Binh Duong which is expected to start operations in early 2025.
The southeastern region, the economic heart of the country, is riding a wave of profound growth model transformation, with the development of multiple high-tech and sustainable industrial parks.
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.
Since Vietnam and Denmark established their diplomatic ties in 1971 and their comprehensive partnership in 2013, the two countries’ relations have been developing more and more practically and effectively, Vietnamese Ambassador to Denmark Luong Thanh Nghi has affirmed.
As one of the fastest growing markets in Asia, Vietnam has captured the attention of supporting industry giants worldwide. Some have recently unveiled their strategies to venture into the Vietnamese market.
LEGO Manufacturing Vietnam Co. Ltd. has opened a recruitment office to seek thousands of workers for its factory in the southern province of Binh Duong which is expected to start operations in early 2024, the province’s employment centre said on September 18.
Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said.
As Vietnam has made a strong commitment to carbon emission neutrality by mid-century, foreign direct investments in the country have begun to go green to join the efforts.
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.
Danish Crown Prince Frederik and Crown Princess Mary Elizabeth left Ho Chi Minh City on late November 3, wrapping up a successful four-day official visit to Vietnam that demonstrated the two countries’ high-level political commitment to enhancing bilateral ties.
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.
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.
Vietnam is hoping to attract more investment from the US, Europe and major global enterprises under a recently approved strategy on foreign investment cooperation.
Despite adverse COVID-19 impacts on the global economy, Vietnam’s selective investment attraction policy with priority to high-quality projects has proved effective, according to experts.
Leaders of Binh Duong province on January 17 met with Vice President of the LEGO Group Preben Elnef, who said the Danish toy manufacturer will accelerate the construction of its 1 billion USD factory here as committed.
Low labour cost, favourable geographic location and the expansion of investment abroad are three key factors helping Vietnam secure its foreign direct investment (FDI) attraction, according to Chief economist VinaCapital Michael Kokalari.
