Rising paper, printing costs squeeze Vietnamese publishers
By Leah McBride Mensching, Friday 11 July 2008 at 23:14 :: Printing & Production Systems :: #1915 :: rss
Publishing houses across Vietnam are having to raise cover prices or reduce the number of copies they print due to a sharp increase in paper prices and printing fees, VietNamNet Bridge reported Thursday.
Paper and printing now account for 25 percent to 30 percent of publishing costs.
In HCM City, newsprint and printing fees now account for 60 percent to 70 percent of newspaper production costs, VietNamNet Bridge reported.
Nguoi lao dong newspaper in HCM City has had to raise its sale price to survive, Tran Huy Tien, chief accountant at the paper, told VietNamNet Bridge.
In the beginning of 2008, a tonne of newsprint cost VND12 million (€447), and currently sells for VND17 million (€633). Meanwhile, as prices of ink and other chemicals used for printing have increased, printing houses have discussed raising printing fees by another 14.6 percent to 20 percent. Since the end of 2007, prices have already gone up 30 percent, VietNamNet Bridge reported.
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