Lego factory is southern Vietnam to begin partial operation from August

Lego factory is southern Vietnam to begin partial operation from August

The construction of Lego’s factory in Vietnam’s southern province of Binh Duong has reached 61.7% completion, meeting the deadline, and can enter partial operation from August, said Lego Group Vice President Preben Elnef.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lego to begin production at Vietnam factory in 2025

Lego to begin production at Vietnam factory in 2025

Lego’s under-construction factory in Vietnam is scheduled to begin production in 2025, the Danish toy producer said in a statement last week.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Danish toymaker Lego eyes Vietnam trial production in H2/2024

Danish toymaker Lego eyes Vietnam trial production in H2/2024

Lego is on track to begin trial production at its factory in the southern province of Binh Duong in the second half of 2024, with official production in early 2025.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lego on track to start production at Vietnam plant in H2 next year

Lego on track to start production at Vietnam plant in H2 next year

Danish toymaker Lego is on track to begin production at its Vietnam factory in the southern province of Binh Duong in the second half of 2024, said Preben Elnef, general manager of Lego Manufacturing Vietnam and vice president of the Lego Group.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Environmental protection more important than making profit: Lego executive

Environmental protection more important than making profit: Lego executive

Enterprises that are shifting production to go green in Vietnam must protect the environment instead of chasing the cheapest cost, according to an executive from Danish giant toymaker Lego.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Firms in Vietnam adopt sustainable practices, grip onsite renewable energy

Firms in Vietnam adopt sustainable practices, grip onsite renewable energy

Companies in Vietnam are incorporating sustainable practices into their operations, advancing the adoption of renewable energy sources for their manufacturing facilities.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Construction firm Coteccons' shareholders advised to buy in when price falls

Construction firm Coteccons' shareholders advised to buy in when price falls

Leading Vietnamese construction firm Coteccons’ chairman Bolat Duisenov said the company's shareholders should place their trust in its long-term outlook and purchase more shares when prices fall.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lego ready to launch Binh Duong factory in Aug 2024

Lego ready to launch Binh Duong factory in Aug 2024

Danish toymaker Lego has opened its office in Vietnam’s southern province of Binh Duong and is ready to recruit staff, in preparation for its factory’s official operation from August 2024.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Duong to support major investor Lego in project-related problems

Binh Duong to support major investor Lego in project-related problems

Officials in Vietnam’s Binh Duong province, where Lego is building its first carbon-neutral factory with more than $1 billion in investment, have promised to help the Danish toymaker remove land-related obstacles and other issues for the project.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dong Nai province eyes 8 more industrial parks amid low supply

Dong Nai province eyes 8 more industrial parks amid low supply

The southern province of Dong Nai eyes building eight more industrial parks to offset the current lack of available industrial areas, according to provincial authorities.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam spends $79 mln on e-commerce sites buying toys in 2022

Vietnam spends $79 mln on e-commerce sites buying toys in 2022

Vietnamese people spent VND1,860 billion ($79 million) last year on buying 24.97 million kids toys on Shopee, Lazada, Tiki, and Sendo, the most popular e-commerce sites in the country, according to a report of Metric, a local e-commerce analyzer.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sembcorp's VSIP III Binh Duong to be Vietnam's first zero-emissions industrial park

Sembcorp's VSIP III Binh Duong to be Vietnam's first zero-emissions industrial park

Singapore's Sembcorp Industries plans to build the third Vietnam-Singapore Industrial Park III (VSIP III) in the southern province of Binh Duong as a zero-emissions industrial park, the first of its kind in the country.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lego builds first carbon neutral plant in Vietnam

Lego builds first carbon neutral plant in Vietnam

Danish toymaker Lego Group started Thursday construction of its first carbon-neutral factory site worldwide, located in southern Vietnam, with more than $1 billion in total investment.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Denmark investors seek to catch up with others in Vietnam

Denmark investors seek to catch up with others in Vietnam

Danish companies are rushing to make their presence felt in Vietnam as the Southeast Asian nation emerges as a new manufacturing hub.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Coteccons gets contract for $1 bln Lego facility in southern Vietnam

Coteccons gets contract for $1 bln Lego facility in southern Vietnam

Leading construction firm Coteccons has secured a contract to build a modern manufacturing facility for Lego Group in which the Danish toymaker will invest more than $1 billion.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Toymaker Lego to receive first land tranche for $1 bln facility

Toymaker Lego to receive first land tranche for $1 bln facility

Binh Duong province authorities are set to hand over 22 hectares of land to Danish toymaker Lego’s $1 billion carbon neutral factory project by this month end.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Northern Vietnam short of industrial land as demand rises

Northern Vietnam short of industrial land as demand rises

Vietnam's northern region will see a shortage of industrial land in the second half of this year as demand exceeds supply, while the situation will be more balanced in the south, according to real estate consultancy Cushman & Wakefield.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Duong to tackle land problem for Lego’s $1 bln carbon neutral facility

Binh Duong to tackle land problem for Lego’s $1 bln carbon neutral facility

Binh Duong authorities have pledged to resolve land problems for giant toymaker Lego’s solar-driven facility project in the southern province.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Pandora plans third jewelry factory globally in Vietnam

Pandora plans third jewelry factory globally in Vietnam

Pandora, the world’s largest jewelry brand by revenue, will invest $100 million in building a new facility in Vietnam, which will be the Danish company’s third manufacturing site and first outside Thailand.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7