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Vietnam welcomes MNC wave with smarter and greener industrial parks

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Jamille Tran

Published Sat, Oct 21, 2023 · 08:00 AM
    • Lego's US$1 billion carbon-neutral plant is considered a “green cornerstone” for a new generation of FDI inflows into Vietnam.
    • Lego's US$1 billion carbon-neutral plant is considered a “green cornerstone” for a new generation of FDI inflows into Vietnam. PHOTO: LEGO

    [HO CHI MINH CITY] In recent years, the likes of Foxconn, Lego, Google and Microsoft have either relocated to or expanded their production in Vietnam, as part of a concerted effort to diversify their supply chains beyond China.

    These multinationals have, in turn, pushed the developers of Vietnam’s vast industrial parks to tap on the growing demand for smarter and greener facilities and infrastructure.

    Among the big-money investments was by Danish toy group Lego, which poured US$1 billion into a new carbon-neutral plant that is considered a “green cornerstone” for the next generation of foreign direct investment (FDI) inflows to Vietnam.

    AseanAsean BusinessVietnamESGsustainabilityIndustrial property

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