Epson establishes new Sales Subsidiary in Vietnam
Pasig, Philippines —April 12, 2018—Seiko
Epson Corporation (TSE: 6724, “Epson) and Epson Singapore Pte. Ltd.
recently announced the opening of its new sales subsidiary and office in
Vietnam.
The
new subsidiary, Epson Vietnam Co., Ltd. (EVNL), began its operations
last April 1 and was officially launched at Hotel Nikko Saigon in Ho Chi
Minh City,
Vietnam.
(2nd from left) Hideto Nakamura, general director, Epson Vietnam; (3rd from left) Koichi Kubota, director, senior managing executive
officer
& chief operating officer, Printing Solutions Operations Division; and (1st from right) Tanaka Toshimitsu, managing director, Epson Singapore.)
Hideto
Nakamura, general director of Epson Vietnam, said that prior to its
establishment, Epson had previously sold products through its sales
subsidiary in
Thailand. In 2010, it established a Vietnam representative office
focused on market research.
“The
establishment of the office in Vietnam will strengthen Epson’s business
and brand presence in the region. There is much potential for growth in
the country,
especially with a GDP forecast of at least 6.5 percent in 2018,” said
Nakamura. “We look forward to rolling out new Epson products in our four
key areas of innovation, such as the inkjet, visual communications,
wearables, and robotics.”
In
2017, Epson recorded a high demand for its products in Vietnam.
According to the latest IDC Quarterly Hardcopy Peripherals Tracker
report, Epson’s market
shares for high-capacity ink tank printers for the Q4 last year stood
at 53 percent.
“Vietnam’s
printer market is currently dominated by laser printers. However, there
is extensive scope for growing sales by emphasizing the advantages of
our
high-capacity ink tank printers. Epson Vietnam will play an important
role in developing this promising market,” Nakamura added.
As
a market leader, Epson will continue offering unique value and
solutions to its customers in the said region through the new Epson
Vietnam office. It is located
at Nguyen Trai Street, District 1, Ho Chi Minh City in Vietnam.
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About Epson
Epson
is a global technology leader dedicated to connecting people, things
and information
with its original efficient, compact and precision technologies. With a
lineup that ranges from inkjet printers and digital printing systems to
3LCD projectors, smart glasses, sensing systems and industrial robots,
the company is focused on driving innovations
and exceeding customer expectations in inkjet, visual communications,
wearables and robotics.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 80,000 employees in 86 companies around the world, and is proud of its contributions to the communities in which it operates and its ongoing efforts to reduce environmental impacts.
About Epson Singapore
Since
1982, Epson has developed a strong presence across major markets in
Southeast Asia and South Asia. Led by the regional headquarters Epson
Singapore, Epson’s business in Southeast Asia spans an extensive network
of 11 countries with a comprehensive infrastructure of close to 500
service outlets, 7 Epson solution centres and
7 manufacturing facilities.
About Epson Philippines
Epson’s
corporate presence in the Philippines commenced in 1998. It grew
rapidly into a billion-peso
company in a span of a few years from its establishment due to its
client-oriented approach in its business management style by its
dedicated and innovative staff members and officers. Epson Philippines
has an extensive network of 77 Authorized Service Centers
nationwide with more than 200 dealers and more than 800 shops across
the Country. For more details, please visit our website (www.epson.com.ph) or our Facebook page (http://www.facebook.com/
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