Kyocera Document Technology Vietnam Company Limited (Vietnam)

The subject is known as a whole subsidiary in Vietnam of KYOCERA DOCUMENT SOLUTIONS INC. - a leading manufacturer of office machines and accessories in Japan. Founded in 2011 and started running commercial production in Oct 2012 in Hai Phong City, Vietnam, the subject specializes in manufacturing office machines such as photocopy machines, printers, and other multi-function office machines. In an interview with a male staff of the import-export department, we are shared that 100% of products are directly exported overseas, and two major export areas are the EU (with about 50% of export turnover) and subsequently the USA (with around 30% of turnover). The other markets are Japan, Hong Kong, China, etc, bringing it 20% of revenue annually. Regularly, the company mainly exports in accordance with the directions of two clients, the parent - KYOCERA DOCUMENT SOLUTIONS INC and another member in the same Group - KYOCERA DOCUMENT TECHNOLOGY COMPANY (H.K.) LIMITED, added he.Noticeably, the subject company has just raised its total registered investment capital to USD 425 million since late Sep 2023 from VND 187.5 million previously in order to invest in a new production project. As stated, the majority of additional investment capital will be supplemented by retained earnings. The company will invest in a new business line - manufacture of electric tools, lithium-ion batteries, fans for air conditioners, and motors for power tools. According to the male import-export staff, the expanded project has not yet been deployed up to now, which may be started next year - expected in Mar 2024. Currently, the subject's operation seems stable with a labor force of around 5,000 people. Despite having a little slowdown due to the economic recession's impact, the order situation is still regular, he said.