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    Japan
     Mar 15, 2005
Canon expands business in Vietnam

HANOI - Japan's Canon, with products on sale in Vietnam since the 1980s, has established a foothold in Vietnam, with a jet printer factory in Hanoi and Canon representative offices in Ho Chi Minh City and Hanoi opening over the past two years. They employ 2,000 workers.

Through these enterprises, Canon can effectively support its product distribution network and provide its partners with complete knowledge on its products and services.

The two Canon offices in Vietnam operate with support from Canon Singapore, the company's Head Office for Southern and Southeast Asia.

Canon's jet printer factory, put into operation in Thang Long IZ, Hanoi, in May, 2002, is one of 18 factories built in Asia by the company, not including Japan.

Canon Vietnam now supplies 17% of jet printers in the world market.

The factory is the biggest exporter in Hanoi with its exports representing 53% of the total export output of the foreign investment sector.

It has provided jet printers for the domestic market and foreign markets in other Asian countries, Europe and the US.

Hideki Oawa, Director of Canon Singapore, said Canon decided to build the factory in Vietnam because Vietnam has a young and industrious workforce, a great potential for development, and the nation makes fast progress in technology.

Canon considers Vietnam to be an important main market in the coming years, he added.

In the past seven months, Canon has taken two directions in promoting its investment in Vietnam, expanding its facilities in the Thang Long IZ in Hanoi and building a laser printer factory in Que Vo district, northern Bac Ninh province, the biggest project in the world entrusted by Canon to a Vietnamese partner.

In Vietnam, Canon has obtained higher growth than in any other Asian country, thus proving the quality of its products, Oawa stressed.

He said Canon will consider Viet Nam a production center in the future and will continue to increase production and improve products made in Vietnam.

Canon also pledged to improve personnel training, from workers to managers.

(Asia Pulse/VNA)

 

 
 

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