Introduction Vietnam has long been a leading seafood producer and exporter in the region, along with Indonesia and Thailand. Seafood exports have become one of the important sectors of the economy. Fishery is one of the production and business industries, an economic activity in the overall socio-economic of mankind. Fishery plays an important role in providing food for mankind, not only it is also an economic industry that creates employment opportunities for many workers, especially in rural and coastal areas.
The demand for fisheries for mankind is increasing while the resources of these resources are limited and have been exploited to the ceiling, so the aquaculture industry has developed to compensate for these shortages. In recent years, when the EVFTA free trade agreements have been signed, the potential for Vietnam's seafood industry has grown, so I decided to choose the topic: "Assessment of Vietnamese Fisheries sector Prospect and Fisheries enterprises in the context of EVFTA free trade agreements.” The content of this report is mainly focus on analyzing Vietnamese Fisheries sector and performance of enterprises over the years, combine with the fluctuation of macroeconomic and industry. Objectives of the study and research question Research Question: What are the potentials of Vietnam's seafood industry in the context of EVFTA and how to develop with that potentials? General Objective: Using Literature Review and Data analysis to find out the prospects of the seafood sector and enterprises. 1 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com Specific Objective: Analyzing the advantages and disadvantages that EVFTA free trade agreements bring to fisheries.
Ways for businesses to take full advantage of and overcome those disadvantages. Using suitable valuation methods to determine the potential of businesses in the industry, especially leading enterprises such as Vinh Hoan Corporation (VHC), Minh Phu Seafood Corporation (MPC) and Sao Ta Food Joint Stock Company (FMC). Relying on the valuation outcome and then recommending for investors whether they should invest in this stock or not and for enterprises what to do in this context to improve business activities and increase seafood exports. Research Object Vietnamese Fisheries sector 3.
Research Scope Time limited: 2016-2020 Venue limited: Vietnam 4. Research Methods: Literature Review Top-down and Bottom-up approach method Evaluation method Comparative method Financial statement analysis method 2 LUAN VAN CHAT LUONG download : add luanvanchat@agmail. Research Structure My graduation thesis will be separated into 4 chapters: Chapter 1: Theoretical basis Chapter 2: Vietnamese Fisheries Analysis Chapter 3: Corporations in Vietnam Fisheries industry Chapter 4: Recommendations for investors and enterprises. 3 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.
Sector A sector is an area of the economy in which businesses share the same or a related product or service. It can also be thought of as an industry or market that shares common operating characteristics. Dividing an economy into different sectors allows for more in-depth analysis of the economy as a whole. Almost all economies are comprised of four, high-level sectors, which, in turn, are each made up of smaller sectors.
Of the large sectors within an economy, the first group is called the primary sector and involves companies that participate in the extraction and harvesting of natural products from the earth, such as agriculture, mining and forestry. The secondary sector consists of processing, manufacturing and construction companies. The tertiary sector is comprised of companies that provide services, such as retailers, entertainment firms and financial organizations. The quaternary sector includes companies in the intellectual pursuits, such as educational businesses.
Investors use sectors to place stocks and other investments into categories such as technology, healthcare, energy, utilities and telecommunications. Each sector has unique characteristics and a different risk profile that attracts a specific type of investor. As a result, it is common for analysts and other investment professionals to specialize in certain sectors. For example, at large research firms, analysts may cover just one sector, such as pharmaceutical companies or technology stocks.
Additionally, investment funds often specialize 4 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com in a particular economic sector, a practice known as sector investing. For example, the oil and gas sector is a large industry that attracts specialized investment funds. Momentum in these sectors is measured using The Stochastic Oscillator and the Stochastic Momentum Index. How Investors View Sectors: + Almost all serious investors look at sector performance at least weekly.
For example, many investors conducted sector analysis on Friday, June 1, 2018, for the investment week of May 29, 2018, to June 1. As of that Friday, shares of companies in the coal industry group were the top performers with a return of 10.25%, while automobiles came in second with growth of 6. The automobile industry received a boost from shares of General Motors (GM) that rose on news that Softbank Vision Fund planned to invest $2 billion in the automaker's self-driving cars. The next two highest performing industry groups were the Internet and real estate holdings and developers, with gains of 4.
+ Stocks tend to follow the performance of their respective sector, in addition to the overall stock market. Keeping abreast of the market can make it easier to determine when a stock that belongs to a particular sector has bottomed out. Fisheries sector Fisheries is a general term for resources and products brought to people from the water environment and exploited, cultivated and used as food, raw materials or sold on the market by humans. Among aquatic products, the most common activities are fishing, farming and fishing.
Some species are herring, cod, anchovies, tuna, halibut, mullet, shrimp, salmon, oysters and scallops with high productivity. In particular, the fisheries sector is involved in wild or farmed fishing 5 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com through fish farming. Aquaculture has directly or indirectly impacted the lives of over 500 million people in developing countries dependent on fisheries and aquaculture. According to FAO, aquaculture is the cultivation of aquatic organisms in fresh and brackish/saltwater environments, including the application of techniques in farming processes to improve productivity of individuals or collectives.
In particular, aquatic resources are biological resources in natural waters with economic and scientific value to develop fisheries, preserve and develop aquatic resources. Nearly 90% of the world's seafood industry is extracted from the sea and oceans, compared to the output obtained from inland waters. Fishery activities mean the exploitation, farming and transportation of exploited aquatic products; preserving, processing, buying, selling, exporting and importing aquatic products; services in fisheries activities, investigation, protection and development of aquatic resources. Fishing is the exploitation of aquatic resources on the sea, rivers, lakes, lagoons, and other natural waters.
Overfishing, including overfishing, reducing fish stocks and employment in many parts of the world. Land for aquaculture is land with inland water bodies, including ponds, lakes, lagoons, lagoons, rivers, canals, canals and ditches; land with coastal water surface; alluvial and coastal alluvial land; sandy beaches and coastal dunes; land used for farm economy; non- agricultural land with water surface allocated or leased for aquaculture. Most of the fisheries are wildlife, but aquaculture is on the rise. Cultivation can be done in coastal areas, such as with oyster farms, but now it is often practiced in inland waters, in lakes, ponds, tanks and other forms.
6 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com Fisheries Classification: The distribution of aquatic species is based on the feeding characteristics and habitat and climate. + Group of fish (fish): As farm animals with distinct fish characteristics, they can be freshwater fish or brackish water fish. For example: Pangasius, Goby, Eel. + Crustaceans: The most common is the ten-legged crustacean group, of which shrimp and crabs are important cultured species.
For example: Giant freshwater shrimp, black tiger shrimp, white shrimp, earth shrimp, sea crabs. + Molluscs: Consists of species of lime shells, most of which are bivalve and most live in the sea (clams, cockles, oysters, snails) and a few live in fresh water (mussels) , pearl oyster). + Seaweeds: are low-cost, unicellular, multicellular plant species, small-sized species, but also large species such as Chlorella, Spirulina, Chaetoceros, Sargassium (Alginate), Gracillaria. + Reptilies and Amphibians: Reptiles are amniotic four-legged animals (for example, crocodiles) Amphibians are species that can live both on land and in water (for example, frogs).
, snakes) raised for meat, skin used for food or in fine arts such as tortoise (fins), frogs (skin and meat), crocodile (skin). (wikipedia 2019) In short, Fisheries is a "general term for resources", products brought to people from the water environment and exploited, cultivated and used as food and raw materials by humans. or for sale on the market. Among aquatic products, the most common activities are fishing, farming and fishing.
7 LUAN VAN CHAT LUONG download : add luanvanchat@agmail. Definition of prospect A prospect is a potential or untapped strengths, unknown. The term prospect can be used on both an individual and organizational level. A company can be on your list of prospects, but that doesn’t mean you want to sell to every employee at that organization.
Only certain contacts at that company who fit your specific target qualifications are considered true sales prospects. Regarding sector level, an industry is considered as potential when the country has enough factors to develop that industry, and at the same time, that industry in the future has many favorable conditions to become stronger and bring more benefits, more profitable for the country. EVFTA free trade agreements 1.1 Definition of free trade agreement A free trade agreement (FTA, short for Free Trade Agreement) is a trade agreement between two or more countries. Accordingly, countries will follow the roadmap of reducing and eliminating tariff barriers as well as non-tariff barriers towards the establishment of a free trade area.
According to statistics of the World Trade Organization, there are more than 200 free trade agreements in force. Free trade agreements can be made between two individual countries or can be reached between a trade bloc and a country.2 EVFTA free trade agreements EVFTA is a free trade agreement between Vietnam and the European Union (EU) signed on June 30, 2019, marking a historic milestone for the trade relations between Vietnam and the European Union. EVFTA 8 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com is a comprehensive new generation agreement and is the first EU FTA with a middle-income country like Vietnam. Vietnamese seafood exporters are having high expectations on the EU's free trade agreement that will help boost seafood export orders to the region and help Vietnam's seafood products have the strength.
The paper focuses on the opportunities and challenges for Vietnamese seafood enterprises, based on which proposed a number of recommended solutions to contribute to promoting the operation of these businesses. - Some key contents of the EVFTA Agreement + Trade in goods For Vietnamese exports, as soon as the Agreement comes into effect, the EU will eliminate import duties on about 85.6% of tariff lines, equivalent to 70.3% of Vietnam's exports to the EU. After 07 years from the date of entry into force of the Agreement, the EU will eliminate import duties on 99.2% of tariff lines, equivalent to 99.7% of Vietnam's exports. For the remaining 0.3% of exports, the EU commits to giving Vietnam a tariff quota with an import duty of 0%.
For EU exports, Vietnam committed to eliminate tariffs as soon as the Agreement comes into effect with 48.5% of tariff lines (accounting for 64.5% of import turnover). Then, after 7 years, 91.8% of tariff lines equivalent to 97.1% of EU exports were removed from Vietnam by import taxes. After 10 years, the tariff elimination rate is about 98.3% of the tariff lines (accounting for 99.8% of import turnover). For the remaining 1.7% of EU tariff lines, we apply the roadmap to eliminate import duties longer than 10 years or apply tariff quotas in accordance with WTO commitments.
+ Trade in services and investment 9 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.