Global companies now prefer to invest in Southeast Asia and India

Workers at the Festo automation specialist factory in Bangalore, India

A number of Western companies are seeking a second foothold in Asia.


(Photo: dpa)

Bangkok Vietnam is bolstering its rapid economic revival with its colorful building blocks. Toy maker Lego is planning a new factory in an industrial area 50 kilometers north of Vietnam’s economic metropolis, Ho Chi Minh City, for one billion dollars.

Construction on a major project is about to begin: The Danish Group wants to use an area of ​​more than 160,000 square meters in the Southeast Asian country and offer jobs to 4,000 people – one of the biggest investments in Vietnam this year.

With production starting planned for 2024, Lego’s supply chain will be much more crisis-resistant. So far, the company has only produced in Asia in China. Now he got a strong second mainstay on the continent.

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