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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.
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