*NEWS*CANON HAS GOOD YEAR IN VIETNAM

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*NEWS*CANON HAS GOOD YEAR IN VIETNAM

 user 2007-12-21 at 3:01:00 pm Views: 41
  • #19172

    Canon has good year in Vietnam(thank’s to slave wages)
    Canon has achieved high sales and export growth in Vietnam this year, a senior official from the Japanese printer and camera giant has said.
    Mike Asao, director of Canon Singapore’s HCMC Representative Office, said sales had risen by 20 per-cent on average, though it was 50 per-cent for some products like laser and ink-jet printers.In Vietnam, Canon mostly makes low-end printers meant for developing marketsAsao told Thanh Nien Daily Thursday at a product launch ceremony that the demand in the country was rising constantly.At the ceremony, 23 new models of single and multifunctional printers, cameras, video camcorders, and scanners were unveiled for the Vietnamese market.

    They are being made in Canon’s Thailand plant.
    Asao added that printer exports from Vietnam in 2007 would be worth US$1 billion.Canon Vietnam produces mainly two kinds of products, laser and ink-jet printers, all of it for export.Last year, printer exports were worth $700 million, almost twice as much as the previous year.Canon is the biggest Japanese investor in Vietnam with an investment of $306 million and three plants set up since 2002.They are located in Hanoi’s Thang Long Industrial Zone (IZ) and the Que Vo and Tien Son IZs in Bac Ninh Province, also in the north.They have a total capacity of 2.23 million units per month.