According to the Ho Chi Minh City Industrial Zones Management Board, the Lego Group’s factory has commenced operations, providing employment for thousands of workers. With an investment of over $1 billion, the facility spans 44 hectares within VSIP 3 Industrial Park, recognized as one of Ho Chi Minh City’s green industrial zones.
On the same day, Lego announced a Direct Power Purchase Agreement (DPPA) with Vietnam-Singapore Industrial Park Joint Venture Co., Ltd. (VSIP), ensuring the factory operates on 100% renewable energy.
VSIP 3 Industrial Park attracts green industrial investments.
This marks the first large-scale renewable energy solution tailored for industrial manufacturing in Vietnam. Under the agreement, renewable electricity from VSIP’s extensive solar power system will be delivered to the factory via an industrial battery storage system, ensuring a stable and continuous supply of clean energy.
Mr. Nguyen Phu Thinh, CEO of VSIP, stated that integrating rooftop solar panels and energy storage systems demonstrates how industrial parks can lead in providing reliable green energy solutions.
The factory operates on 100% renewable energy.
Estimates indicate that this sustainable energy initiative will help Lego reduce approximately 15,000 tons of CO2e annually, starting in 2026. The factory has already installed 12,400 rooftop solar panels, meeting 75% of its energy needs for the first five years. Additional off-site power purchase agreements are underway to achieve the 100% renewable energy target.
Production line inside the Lego factory.
Unleashing Khánh Hòa’s Potential: A Coastal Growth Hub Seeks Major Investors and Skilled Talent
Nestled in a prime strategic location, Khánh Hòa boasts Vietnam’s longest coastline, the Spratly Islands, deep-water bays, and abundant natural resources, creating “vast space for grand aspirations,” as aptly stated by Assoc. Prof. Dr. Nguyễn Chu Hồi, a member of the 15th National Assembly and Vice Chairman of the Vietnam Association of Seafood Exporters and Producers.
Why Are Notifications and Registrations Mandatory for Rooftop Solar Power Systems?
With thousands of MWp of rooftop solar power installed but not yet registered, compliance with notification/registration requirements is not only a legal obligation but also crucial for ensuring the safety and stability of the national power grid.
Empowering Customers in Choosing Their Electricity Provider
According to Mr. Nguyen Thanh Nghi, Resolution 70 mandates the enhancement of customer choice in accessing and selecting electricity providers that best meet their needs.
Budgeting 2.3 Trillion VND for Training Renewable Energy Workforce in Gia Lai
“The Renewable Energy Training and Human Resource Development Center is set to be established in Phu My Dong commune, as revealed by the Gia Lai Provincial Investment Promotion Center on September 6. With a substantial investment of up to VND 2,300 billion, this center aims to become a hub for fostering talent and innovation in the realm of renewable energy.”
The Green Transition: From Economic Innovation to a Sustainable Development Odyssey
“Vietnam is embracing a green growth model with a keen focus on its Net Zero 2050 commitment. With a host of new policies and a burgeoning legal framework, the green transition is poised to be a value-accretive investment for businesses, offering sustainable growth prospects.”
