Several major corporations including LEGO have registered for their projects at the under-construction Vietnam-Singapore Industrial Park 3 (VSIP 3) in Binh Duong Province, southern Vietnam.

Tuoi Tre (Youth) newspaper reporters recently returned to the VSIP 3 construction site, which covers 1,000 hectares in Binh Duong’s Tan Uyen Town and Bac Tan Uyen District.

Costing a total of VND6.4 trillion (US$270 million), work on the industrial park was initiated in late March 2022.

The first project to be implemented there is a toy factory with a scale of over $1 billion from Denmark's LEGO Group.

LEGO's project was the largest foreign direct investment (FDI) project in Binh Duong in 2022.

Following LEGO, another large Danish corporation, Pandora, was also granted a $163 million investment certificate and is expected to build a factory at VSIP 3.

The atmosphere at the VSIP 3 construction site was bustling with hundreds of vehicles, machines, engineers, and workers.

Many engineers and machines were seen at the location where the LEGO factory is being built.

Workers were speeding up the construction of the main roads of VSIP 3, while Provincial Road No. 746 is being upgraded to facilitate vehicles reaching the industrial park.

Aside from the announced projects, about 30 domestic and foreign companies are reviewing the possibility of constructing their plants at the industrial park, according to the developer of VISP 3.

An official from the Binh Duong Industrial Zones Authority told Tuoi Tre that local authorities are coordinating with investors to speed up administrative procedures in order to attract more investment in VISP 3 and the province in general.

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