October 28, 2011, Tokyo—Ricoh Company, Ltd. (President and CEO: Shiro Kondo) has established a new sales company (Ricoh Vietnam Company Limited) in Ho Chi Minh City, Vietnam on 1 November. The company is the Ricoh Group's 11th sales company in the Asia Pacific region(*1). Responding to the needs of large-scale customers for high value-added services as well as the steady growth of the Vietnam market, and in line with globally consistent marketing strategy, Ricoh decided to strengthen its operations with direct sales on top of current strong dealer channels.
Following the rise of the BRICs, Vietnam is one of the emerging markets where big growth is expected. Economic growth continues at an average of 6% annually(*2), and in recent years there has been a conspicuous influx of foreign enterprises, including Japanese companies, into major cities. There are currently over 20 million Internet subscribers (about 25% of the population) resulting from the rapid development of the IT environment. With such rapid growth, the copier market is expected to continue to show nearly two-digit expansion(*3). Moreover, focusing on foreign enterprises, there will be a need for more advanced products and services similar to the needs of Europe, America and Japan, and this is also expected to expand the market.
So far, Ricoh has operated through local distributors to develop its business in Vietnam, focusing on government agencies and small and medium-sized enterprises. With the establishment of a sales company, the following kinds of local development will occur:
|・||Strengthening of sales / service education and support for sales, increased cooperation with distributors, and further enhanced sales to the small and medium-sized business sector|
|・||Direct sales to meet the needs of large-scale local and foreign enterprises by offering high value-added products, solutions and services|
|・||Development of additional sales channels for printers|
|・||Expansion of the business domain to new area, such as production printing, MDS(*4), and IT services in the future.|
Takahisa Nakaji, who has been appointed as Ricoh Vietnam General Director, shared his aspirations for the future, "The establishment of Ricoh Vietnam is aimed at providing timely support to and better catering to the needs of our clients on top of the main objective of expanding the sales network in Vietnam. In this rapidly changing business environment, customers are looking for products and services that offer not only quality, but also increased efficiencies with short turnaround time and prompt after-sales service. I believe Ricoh's market share will continue to increase with our investment in the support infrastructure including recruiting talents to support the business operations."
‹Outline of New Company›
|Name||:||Ricoh Vietnam Company Limited|
|HQ address||:||Unit 3, 19 Floor, A&B Tower,
76 Le Lai Street, Ben Thanh Ward,
District 1, Ho Chi Min City
|Establishment||:||November 1, 2011 (registered on September 12, 2011)|
|Chairman||:||Nobuaki Majima (President of Ricoh Asia Pacific Pte Ltd.)|
|General Director||:||Takahisa Nakaji|
|Business||:||Sales of office equipment, supplies, support and other related products and services|
|Number of employees||:||About 30 (the first year of establishment)|
|1:||Not including Japan, China (mainland）and Korea.|
|2:||Source: International Monetary Fund, Real GDP growth rate over four years (actual result for 2008-2010 and prediction for 2011).|
|4:||MDS (Managed Document Services): Ricoh's MDS approach is an extension and evolution of MPS, which addresses the three fundamental functions relating to the entire document management ecosystem of input, throughput, and output. Ricoh's MDS aims to streamline core business processes by focusing on processes, people, technology and innovation to establish a foundation for continuous improvement.|
evolution of MPS, which addresses the three fundamental functions relating to the entire document management ecosystem of input, throughput, and output. Ricoh’s MDS aims to streamline core business processes by focusing on processes, people, technology and innovation to establish a foundation for continuous improvement.
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2014, Ricoh Group had worldwide sales of 2,195 billion yen based on the IFRS accounting standard (approx. 21.3 billion USD).
The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.
Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.
For further information, please visit www.ricoh.com/about/
Information in the news releases is true and accurate at the time of publication.
Manufacture, sales, price and specifications of products may be subject to change.