FOREIGN TRADE UNIVERSITY HO CHI MINH CITY CAMPUS ---------***-------- MID-COURSE INTERSHIP REPORT Major: International Business Economics PROCESS FOR EXECUTING THE EXPORT SALES CONTRACT OF DRIED ANCHOVIES AT NGHI SON AQUATIC PRODUCT EXIM CO., LTD Student: Hồ Diễm Ngân Khánh Student ID: 1701015338 Class: K56CLC3 Intake: 56 Supervisor: Nguyễn Thị Huyền Trân Ho Chi Minh City, August 2020 Tieu luan FOREIGN TRADE UNIVERSITY HO CHI MINH CITY CAMPUS ---------***-------- MID-COURSE INTERSHIP REPORT Major: International Business Economics PROCESS FOR EXECUTING THE EXPORT SALES CONTRACT OF DRIED ANCHOVIES AT NGHI SON AQUATIC PRODUCT EXIM CO., LTD Student: Hồ Diễm Ngân Khánh Student ID: 1701015338 Class: K56CLC3 Intake: 56 Supervisor: Nguyễn Thị Huyền Trân Ho Chi Minh City, August 2020 Tieu luan Miu 16 XET CUA CO QUAN Til'.ltt t)i; L *rv\ Ma s6 dang ky kinh doanlr/Md s6 doanh nghiQp fudt 2 ",55:0. NgAnh nghd kintr doanl/ linh v.uc ho4t dQng chiph M.W"1nrX'AK{lt^fc (ru^ chilrrg i6i xdc nlrfn Sinh vi€n: Aaj. thuc tip tqi Doanh nghiQp/co quun tir ngay,lf 3.?6cn rgiv)4 tiraup 0 [.,: - Vd tinh thAn thei dQ: = a;J;;;#;q a;6, ffi;oj sL^! ',",ht^ -- A4=U4,*a^vQ U:g yg%ft 2 /ttt ={ - '##.- \ /- Tieu luan o Vo (h-an U;nqtL -tl'l i FOREIGN TRADE UNIVERSITY SOCIALIST REPUBLIC OF VIETNAM HO CHI MINH CITY CAMPUS Independence - Freedom - Happiness MIDTERM PROFESSIONAL REPORT REMARKS Student’s full name: Hồ Diễm Ngân Khánh Student code: 1701015338 Name of the report: Process For Executing The Export Sales Contract Of Dried Anchovies At Nghi Son Aquatic Product Exim Co. Assessment of compliance with regulations, progress and work ethics (Maximum of 1.0 point, with one decimal number):.
The student has completed the report properly under the guidance of the supervisor. The supervisor is responsible for the title, purpose, subjects, scope and research method(s), and chapters’ titles, and main headings of the report. The student has failed to carefully follow the supervisor’s instructions. The supervisor is responsible for chapters’ titles, purpose, subject, scope and research method(s), and titles and main headings of the report.
The student has failed to carefully follow the supervisor’s instructions. The supervisor is not responsible for the report: 0. The student has totally failed to follow the supervisor’s instructions. The supervisor rejects the submission of the report: 0 point Ho Chi Minh City, 21 August, 2020 Supervisor (Signature with full name) Hồ Diễm Ngân Khánh INTERNSHIP ORGANIZATION’S REMARKS Tieu luan ii STATEMENT OF AUTHORSHIP Except where reference is made in the text of the thesis, this thesis contains no material published elsewhere or extracted in whole or in part from a mid-course internship report by which I have qualified for or been awarded another degree or diploma.
No other person’s work has been used without due acknowledgements in the mid-course internship report. This mid-course internship report has not been submitted for the award of any degree or diploma in any other tertiary institution. Ho Chi Minh City, August 2020. Tieu luan iii TABLE OF CONTENTS MIDTERM PROFESSIONAL REPORT REMARKS.
i INTERNSHIP ORGANIZATION’S REMARKS. i STATEMENT OF AUTHORSHIP. ii TABLE OF CONTENTS. iii LIST OF ABBREVIATIONS.
vi LIST OF TABLES. vii LIST OF FIGURES. INTRODUCTION OF NGHI SON AQUATIC PRODUCT EXIM CO. Establishment and development.
Functions, missions, organizational structure and human resources management. Organizational structure and human resources management. The importance of documentation department in Nghi Son Aquatic Product Exim Co., Ltd and the topic towards the development of the company. Summary of internship period.
PROCESS FOR EXECUTING THE EXPORT SALES CONTRACT OF DRIED ANCHOVIES AT NGHI SON AQUATIC PRODUCTS EXIM CO. General process for executing an export sales contract at Nghi Son Aquatic Products Exim, Ltd. Preparing the goods. Testing food safety .13 Tieu luan iv 2.
Booking the vessel. Stuffing empty containers with cargo. Preparing draft documents. Carrying out customs formalities.
Completing and sending the set of original documents. Detailed description of process for executing export sales contract of Dried Anchovy at Nghi Son Aquatic Product Exim, Ltd. Preparing the goods. Testing food safety.
Booking the vessel. Stuffing empty containers with cargo. Preparing draft documents. Carrying out customs formalities.
Completing and sending the set of original documents. General comments on the current procedure of the company. REVIEW OF INTERNSHIP PERIOD AND RECOMMENDATIONS FOR NGHI SON’S IMPROVEMENT. Comparison between current procedure of the company and that of theory.
Lessons learned from the internship. Lessons learned regarding practical knowledge. Lessons learned regarding attitudes and soft skills at workplace. Lessons learned regarding carreer orientation.
Recommendations for the export contract of fishery products at Nghi Son Aquatic Product Exim Co. Choosing and incorporating Incoterms® rule appropriately. Including deposits in every payment term regardless of Buyers. Keeping close track of preparation of the goods ordered from other factories.
Providing internal employees with training for back-up purpose. III Tieu luan vi LIST OF ABBREVIATIONS Abbreviation Explanation CFR Cost and Freight CIF Cost, Insurance and Freight CIP Cost and Insurance Paid To CO. Company CPT Carriage Paid To EVFTA European Union – Vietnam Free Trade Agreement LTD Limited MARD Ministry of Agriculture and Rural Development NAFIQAD National Agro-Forestry-Fisheries Quality Assurance Department SI Shipping Instruction TT/TTR Telegraphic Transfer/Telegraphic Transfer Remittance USD United Stated Dollar VASEP Vietnam Association of Seafood Exporters and Producers VGM Verified Gross Mass Tieu luan vii LIST OF TABLES Table 1. Human resources by gender and education level of Nghi Son Aquatic Product Exim Co.
Business outcomes of Nghi Son Aquatic Product Exim Co., Ltd between 2017 and 2019. Comparison of business outcomes of Nghi Son Aquatic Product Exim Co., Ltd from 2017 to 2019 .9 LIST OF FIGURES Figure 1. Nghi Son’s Organizational Structure. General process for executing an export sales contract at Nghi Son Aquatic Products Exim, Ltd.12 Tieu luan Tieu luan 1 INTRODUCTION Thanks to a coastline of over 3.000 kilometers in length excluded islands, coupled with about 1.000 square kilometers’ Economic Exclusive Zone and up to 2.860 rivers as well as estuaries, it came as no surprise that one of the most important sources of Vietnamese’s food and income comes from fishery.
Fishery output has not only met the domestic demand but also been exported to many countries in the world, such as The U.S, Japan, China, EU, South Korea and so on. To be specific, in 2019, the amount of fishery output made up roughly 4%-5% of GDP, and its export value ranked fifth among export products of Vietnam, following electronics, garment, crude oil and footwear. According to General Statistics Office of Vietnam, in the first six months of this year, the amount of total fishery production, including fish catching and fish farming, witnessed a growth of 1,6% compared to that of 2019’s corresponding period. Although both the amount of fish catching and fish farming increased during the period of the first six months in 2020, the Covid-19 Pandemic has had some negative impacts on our country’s fishery exports.
The Department of Agricultural Product Processing and Market Development (MARD) reported that there was a decrease of about 10% in seafood export value in the first four months of 2020. However, fishery sector in Vietnam still has many opportunities and advantages to compensate for those losses. According to Mr. Truong Dinh Hoe (General Secretary of Vietnam Association of Seafood Exporters and Producers - VASEP), aquatic- producing countries, such as India and Ecuador, have not yet recovered their production due to blockade.
Tran Dinh Luan - the Director General of the Directorate of Fisheries (MARD) said that some of dominant export markets like China and South Korea have controlled the disease; therefore, the demand for aquatic products would regain its previous level then. He also mentioned that Vietnam-EU Free Trade Agreement (EVFTA) would benefit Vietnamese exporters after EU market’s recovery, which could not be gained by fishery exporters, such as India, Thailand and so on. Tieu luan 2 During the context of Covid-19 Pandemic, Nghi Son Aquatic Product Exim Co., Ltd with its long history of exploiting and processing aquatic products, especially dried ones, is gradually getting back to its regular export status. On the basis of those information, I decided to choose the topic “Process for executing the export sales contract of Dried Anchovies at Nghi Son Aquatic Product Exim Co.
This topic would help to find out strong points as well as shortcomings on which recommendations are based during the process of carrying out a contract for exporting a dried aquatic product at Nghi Son Aquatic Product Exim Company. The report comprises three main parts as follows: Chapter 1: Introduction of Nghi Son Aquatic Product Exim Co. Chapter 2: Process for executing an export sales contract of Dried Anchovy At Nghi Son Aquatic Product Exim Co. Chapter 3: Review of internship period and recommendations for Nghi Son’s improvement.
Tieu luan 3 CHAPTER 1. INTRODUCTION OF NGHI SON AQUATIC PRODUCT EXIM CO. Establishment and development 1. Establishment Nghi Son Aquatic Product Exim Co., Ltd was established in 2014, which belongs to Nghi Son Foods Group - a family firm with deep savvy and considerable experience relating to seafood business.
The vision that the board of directors outlined the for the company is to be one of the leading manufacturers as well as exporters of quality seafood in Asia in general and in Vietnam in particular. The following information gives general overview about Nghi Son Aquatic Product Import Export Limited: Legal name: NGHI SON AQUATIC PRODUCT IMPORT EXPORT COMPANY LIMITED Abbreviation name: NGHI SON CO.,LTD Head office: Floor 7th, 85 Nguyen Huu Cau, Tan Dinh Ward, District 1, Ho Chi Minh City Legal representative: Nguyen Van Minh Tax code: 0312962965 Main business fields: Processing and trading Marine fish, Freshwater fish and Dried seafood. Development Thanks to seafood-business-related knowledge by family tradition, the company has been managing quite well the supply chain including catching raw materials, freezing/drying, packing and delivering complete products to consumers with high quality at reasonable prices. Such processing and shipping systems have Tieu luan 4 been improved day by day to serve substantial retail distribution activities not only in Vietnam but also overseas markets.
The positive recognition of consumers in home country proves that it is worth the effort that the company has put forth to enhance its service. Such recognition has leveraged the firm to expand broadly to export markets, namely China, Japan, Korea, The Philippines, Malaysia, Spain, Thailand, Indian, Indonesia, Egypt… 1. Functions, missions, organizational structure and human resources management 1. Functions Nghi Son Aquatic Product Exim Co., Ltd mainly processes and trades fishery products, including marine fish, freshwater fish, dried seafood, Pangasius, Yellowfin Tuna and Shrimp.
First, regarding processing function, fishery products are processed within the firm’s factory based in Binh Thuan Province. Second, in trading terms, the company exports its own processed products and exports aquatic goods ordered from other factories with requirements subject to sales contracts. Besides, Nghi Son also imports frozen fishery products, but the level of imports only accounts for a minimal part compared to exports. With the vision to become a leader in supplying and exporting high quality aquatic food, the company is relentlessly trying to boost the quality of processing system and supply chain management to deliver the so products efficiently and effectively at reasonable prices.
Missions In general, the company commits itself to complying with domestic and international laws and regulations. Also, doing business with integrity is the dominant mission of Nghi Son. The following details the firm’s missions. First, in terms of business activities, the company is legally doing business under registered activities in accordance with the business license number 0730103446345 which includes processing and trading fishery products, as well as meets tax liability.
Besides, Nghi Son promises to bring quality fishery products meeting regulatory standards not only under Vietnamese laws but also under foreign laws of its partners’ countries.