CANON TO BUILD SCHOOLS IN VIETNAM

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Date: Thursday July 19, 2007 11:55:00 am
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    Canon to build schools in remote areas
    Japan’s
    Canon will provide more than US $400,000 for the construction of 16
    schools in remote areas of the country from now until 2010.A Memorandum
    of Understanding underscoring the aid was signed in Hanoi on July 18 by
    President and CEO of the Canon group Tsuneji Uchida and Deputy Minister
    of Education and Training Pham Vu Luan.Canon will kick off the project
    by building 15 classrooms in the northern mountainous provinces of
    Tuyen Quang and Hoa Binh and central Thanh Hoa province. Work on the
    classrooms are expected to be completed by the end of October this
    year.After entering the country five years ago, Canon Vietnam now
    boasts one factory in Hanoi’s Thang Long industrial zone (IZ) and two
    more in the Que Vo and Tien Son IZs in northern Bac Ninh province.

    Its
    main products include laser printers, ink-jet printers, photocopiers
    and cameras.Canon Vietnam employs more than 13,000 local workers and
    became Vietnam’s leading exporter with revenues of US $700 million in
    2006. Pundits believe that figure will climb to US $1 billion by year
    end.

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