Xerox set to copy success

January 21, 2013 | 14:20

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In a move that bolsters Vietnam’s hi-tech production, Japan’s Fuji Xerox Company last week started developing its $113.5 million printer manufacturing facility in northern Haiphong port city’s Vietnam Singapore Industrial Park.

The construction came five months after Haiphong Municipal Economic Zones Management Authority granted the investment certificate to the project.

Fuji Xerox said that facility would become operational in November 2013 and it would employ 500 local workers.

The new facility covers 176,700 square metres, including 46,700 square metre building area of the plant, will produce digital colour multifunction devices and small-sized light-emitting diode (LED) printers, as well as components for these devices with the designed capacity of two million units per year.

With the establishment of the new facility, Fuji Xerox wants to increase the firm’s current manufacturing capacity and diversifying from its existing manufacturing sites in China to meet the needs of Asia-Pacific, Europe and the US.

Fuji Xerox said that it chose Vietnam as the location of its new manufacturing site because of the country’s steady progress towards industrialisation and the presence of other information equipment manufacturers in a concentrated manner. It also cited Vietnam’s extensive land transportation network connecting with China, Thailand and other ASEAN nations.

Like other firms located in VSIP Haiphong, Fuji Xerox’s project will enjoy tax preferential treatments. Specifically, it will enjoy corporate income tax (CIT) exemption for the first four years and then only pay 5 per cent CIT in the following nine years.

Founded in 1962 in Japan, Fuji Xerox is the world’s longest running joint venture between a Japanese and an American company to develop, produce and sell xerographic and document-related products and services in the Asia-Pacific region.