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It will be the toymaker's second manufacturing plant in Asia after it opened one in China in 2016.
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My Business Management students get to see a 'fascinating' video about Lego choosing not to invest in Asia that dates back to 2018. However, it seems that they've bitten the bullet and decided to invest in Vietnam on the back of double digit growth in the region in the past two years.
There's lots of interesting economics here: the benefits of FDI to a country such a Vietnam, moving from the multiplier effect to consider technology transfer and the extent to which the project will involve Vietnamese workers.
However, there's also an interesting point about YED: why might we be unsurprised by the fact that Lego have experienced double digit in Vietnam - you might, if you're an IB student think about how this might relate to the Engel curve.