VietnamNewsToday.com

Digital printing industry set to grow in Vietnam

Digital printing would develop strongly in future, replacing offset printing and opening up opportunities not only for Vietnamese but also foreign firms, an industry expert told a conference in HCM City earlier this week.

Nguyen Van Dzong, chairman of the Vietnam Printing Association, told the two-day Asia-Pacific Premier Partner Annual Conference organised by Fuji Xerox that offset printing still accounted for 65 per cent of all printing done in the country while digital printing accounted for much less than 5 per cent.

Though the latter had not developed as much in Vietnam as in other countries, it would develop strongly in future, especially when orders became larger and required strict control over quality and design and rapid changes.

The biggest hurdles now were customers’ habits and the low cost of offset printing. While businesses had to spend hundreds of thousands of dollars to buy a digital printer, offset printing machines just cost in the tens of thousands.

Once customers realised the advantages it offered – like being able to print large quantities and change data quickly – and printer prices fell with volumes, digital printing would become popular.

Vietnam hoped to attract more foreign investment in this industry and was speeding up administrative reform and completing a legal framework for the purpose.

There are 3,000 printing establishments in the country earning total annual revenues of US$2 billion.

The growth of the printing industry was strongest in 1993-2005 but slowed down to 10 per cent in 2005-2008. Since then, due to the economic downturn, the industry’s growth has slowed down to 5-7 per cent.

Printing of labels and packaging account for 55 per cent of the work done in the country, newspapers and magazines for 20 per cent, books for 15 per cent, and catalogues and brochures for 10 per cent.

Every year, the country publishes some 25,000 books. But Dzong said in future, while there would be an increase in the number of book, newspaper, and magazine titles, their total circulation would decrease.

Printing of labels and packaging would continue to grow, he said.

Conference highlights

The Asia-Pacific Premier Partner Annual Conference was held for the first time in HCM City, attracting more than 250 delegates from across the Asia-Pacific region.

It sought to help the industry learn more about trends in the printing market and develop business opportunities for greater profit in the growing digital market around the world.

Fuji Xerox established the Premier Partner Program in Europe and the US in 2000, and the Xerox Global Graphic Arts Premier Partner Program has almost 800 members around the world. The programme was launched in the Asia-Pacific in 2004.

 

From VietNamBusiness

Newer Articles
  • Mazut oil imports won’t be tax-exempt, says Deputy PM
  • Steel industry targets energy saving opportunities
  • Ministry urges EVN not to raise rates more than once per quarter
Older Articles
  • Mazut oil imports won’t be tax-exempt, says Deputy PM
  • Steel industry targets energy saving opportunities
  • Ministry urges EVN not to raise rates more than once per quarter
  • PetroVietnam achieves 67.4 pct of year’s plan
  • Industrial park moves offset FDI downturn
  • Cement industry loses loan guarantees
  • Electricity price should have been raised by 50pct instead of current 15pct
  • Vietnam lacks construction standards for underground car parks
  • Phong Phu and Song Da groups apply for upgrading National Highway No 6
  • Vietnam tourism receipt poised to grow at a CAGR of 13pct
Latest News
  • Vietnamese software firms consider Japan as the major market
  • Despite problems, 2011 FDI spending equals 2010
  • EVNTelecom asks for government’s approval to sell 12pct stake for VTC
  • Vietnamese enterprises expanding into international markets
  • Ernst & Young Vietnam role to be examined
  • Vietnamese firms invest over $24.5b in foreign countries as of July-end
  • Vietnam Insurance Market: Keeping Double-digit Growth
  • Vietnam’s economy looks grim with ADB’s forecast
  • Ministry rejects import-export tax changes
  • Government okays anti-dumping suit against US
For Foreigners
  • Adb: policy tightening will lower inflation
  • HSBC, Barclays to advise Vietinbank’s planned overseas dollar bond sale
  • Vietnam govt to service debt for troubled cement projects
  • Calm heads prevail as the forex market to remain cool
  • Further fiscal & monetary tightening in coming months
  • IMF cuts Vietnam’s inflation forecast to 9.5pct in 2011
  • Vietnam’s dong has best week since 1997 after dollar rates curb
  • Vietnam tightens control over state-bank partnership
  • Foreign investors list problems in Vietnam
  • Foreign invested enterprises complain about customs procedures

BusinessTradeVietnamGovernmentFDIWorld economyVietnamese PartyEconomyEconomicMarketState managementPrime MinisterHCM cityHanoiHo Chi MinhCPIAsianWorldAmericaEuropeNguyen Tan DungHau GiangMekong DeltariceStandingMekongCambodiausajapanchinakoreaLai ChauHoa BinhHoi AnChu LaiQuang NamDa nangCan thoSon LaPower PlantMinistry of IndustryDung QuatOilSingaporeThailandMalaysiaIndonesiaLaosVietnameseFDI capitalinvestorsforeign investorNetherlandsUSservicetransportationinfrastructuretourismVNPostExpressSpainGoldTra fishexportcontractstouristMiddle AreaConstructionShipbuildingIndustryCompanyIndustrial ZonebudgetDong NaiBinh DuongVung TauTay NinhBinh PhuocTay NinhLong AnTien GiangUS investorshydropower plantQuang NinhNha TrangStock ExchangeHNXIndexcapitalAgricultureDong ThapAn GiangExport-Processing ZoneYen BaiLao CaiLai ChauDien BienSon LaHoa BinhPhu ThoHa GiangTuyen QuangBac KanLang SonCao BangmanufacturersAseanRussiadevelopmentAviationinflationHong KongAmericanChamber of CommerceSeafoodODAWBIMFFEDAsia-PacificAssociationcountriesEuropeanmarine economyThanh HoaNghe AnNam DinhHa TinhPhu LýVinh PhucBac NinhBac GiangHung YenHai DuongBinh ThuanBinh PhuocLam DongGia LaiKon tumQuang NgaiQuang BinhQuang TriNinh ThuanCa MauBac LieuSoc TrangTra VinhKien GiangVinh LongBen TreincomespoliciesLawassetsNatural GasBuildingstatisticsstrategyDa Latmineral exploitationprocessingindustrieselectricitywatersupplyEnterprisesforestryfisherycommunicationsreal estatetransportationCorruptionbauxiteSecuritiesInsuranceBankFinanceAccountgoodsTrade BalancecoffeeCoalfestivalHa NamNinh BinhHoa BinhUniversityArtsBooktravelVietnam VisaVisaPagodaCommitteePeople's CommitteeVinashincompaniesHoa PhatHSBCACBvietcombankvietinbank

Copyright 2010 © VietnamNewsToday.com 
Powered by: CIINS Design by: Webdesign.vn