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Lego to invest $1bn in new Vietnam factory

World's largest toymaker eyes local manufacturing to build resilient supply chain

A rendering of Lego's planned factory near Ho Chi Minh City. (Photo courtesy of Lego)

OSLO/BANGKOK (Financial Times) -- Danish toymaker Lego is to invest more than $1 billion in building a factory in Vietnam to respond to increased demand in Asia and to make its supply chain more resilient following a series of shocks from COVID-19.

The factory, which will be Lego's first carbon-neutral facility, will be built 50 km from the country's business hub, Ho Chi Minh City, starting in the second half of next year with the first production scheduled for 2024.

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