Toy manufacturer Lego has recently inaugurated a new factory in Vietnam with the goal of expanding its presence in the Asia-Pacific market and improving proximity to its customer base. The company's $1 billion investment in the venture aligns with its established strategy of decentralizing production to better serve key markets, a tactic that has historically proven effective in cost management and mitigating risks related to external variables and supply chain disruptions. This move adds to Lego's existing network of manufacturing facilities across the globe, spanning Denmark, Hungary, Czech Republic, Mexico, China, and now, Vietnam.