After Sharp, Japan's Kyocera decided to move its factory to Vietnam to avoid taxes

Kyocera Chairman Hideo Tanimoto told reporters: "We will swap production between Chinese facilities and Vietnamese facilities."

Kyocera Chairman Hideo Tanimoto confirmed the above information to the Japanese press and said that the relocation of production from China to Vietnam will be carried out in the current fiscal year. ending at the end of March 2020.

Kyocera's decision was announced shortly after US President Donald Trump announced the imposition of a fourth round of tariffs on Chinese goods. The cost of Kyocera's move could be in the billions of yen.

Multifunction printers made in China are mainly supplied to the US market, while those made in Vietnam are usually reserved for the European market.

Multifunction printers are part of a $300 billion group of goods exported from China to the US, which will be subject to a 10% tariff on September 1, 2019.

According to the chairman of Kyocera: "If the United States realizes the fourth round of tariffs on China, the Chinese economy will be severely affected by the economic slowdown."

Kyocera Group was established in 1959 in Kyoto, Japan. This is the world's leading research and manufacturing group in innovative ceramics, industrial ceramics, electronic components, information equipment, etc. equipment, images, office documents, etc. In 2013, Kyocera established Kyocera Vietnam Co., Ltd. in Thang Long II Industrial Park.