$1-billion Lego plant to receive land on September 30
Binh Duong People’s Committee will mobilise its resources to complete the land clearance and handover to the investor of the $1-billion Lego factory on September 30.
The provincial leader asked VSIP JV – a joint venture between Vietnam's Becamex IDC Corporation and a Singaporean consortium led by Sembcorp Development – and relevant authorities to accelerate the land clearance for the $1-billion Lego factory that the Danish group has invested in. The project is located in the VSIP-III industrial park.
| It is expected that 22 hectares of the land will be handed to the investor on August 31 and the remaining 22ha on September 30. |
Secretary of Binh Duong Party Committee Nguyen Van Loi said that the park’s investors and relevant authorities need to cooperate with each other to concentrate power sources for land clearance, even if they have to work day and night.
It is expected that 22 hectares of the land will be handed to the investor on August 31 and the remaining 22ha on September 30.
Both Lego and the province are eager to implement works for the construction. In mid-June, the two parties met each other to discuss the situation and solutions to accelerate this work.
Work on the factory is scheduled to begin this year and it will become operational in 2024 to help Lego expand its global supply chain.
The new facility has a total value of more than $1 billion, rendering it one of the largest foreign-invested projects in Vietnam.
Oanh Nguyen
Source: VIR
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