Topic the process of exporting garments by ocean freight from vietnam to the u s at itl logistics joint stock company

VIETNAM GENERAL CONFEDERATION OF LABOUR TON DUC THANG UNIVERSITY FACULTY OF BUSINESS ADMINISTRATION ĐẠI HỌC TÔN ĐỨC THẮNG PROFESSIONAL INTERNSHIP REPORT YEAR 3 Topic: THE PROCESS OF EXPO

VIETNAM GENERAL CONFEDERATION OF LABOUR

TON DUC THANG UNIVERSITY FACULTY OF BUSINESS ADMINISTRATION

ĐẠI HỌC TÔN ĐỨC THẮNG

PROFESSIONAL INTERNSHIP REPORT YEAR 3

Topic: THE PROCESS OF EXPORTING GARMENTS BY OCEAN FREIGHT FROM VIETNAM TO THE U.S AT ITL LOGISTICS JOINT STOCK COMPANY

Instructing Lecturer: MBA.Tran Thi Van Trang Student’s name: CHAU LAM PHUONG Student’s ID: 720H1204

Major: INTERNATIONAL BUSINESS Academic Year Code: 2020 - 2024

Ho Chi Minh City, June 17", 2023

'HIID

JR INTERNSHIP ƯƠNG -

Iss: 20H7060)

Ce_2L) 1z20 ; 620 COLUM LIM Lhd coll,

TION OF INSTRUCTI

so that I could easily enter the corporate environment Especially, I sincerely thank the supervising lecturer Ms Tran Thi Van Trang who guided me wholeheartedly to complete the internship report on time

Secondly, I would like to thank the director of ITL Logistics JSC for giving

me the opportunity to practice I also would like to give special thanks to professional instructors Ms Thanh Thuy and FTL team, who guided and taught me useful tips to help me complete my internship And thanks to everyone at ITL Logistics JSC who supported, helped, and provided me with a lot of knowledge, and opportunities to combine with reality, carry out the work of the process of exporting goods to foreign countries and help me complete the report well

Due to the time and working experience limitations, there may be many shortcomings during the internship and in-depth study of related issues ] hope to receive more suggestions from the teachers as well as from everyone in the company to help me improve my knowledge and build a more complete report In short, I would like to send my best wishes to ITL Logistics JSC to always achieve the set goals, and the Ton Duc Thang University to have more successful internships

in the following years

Ho Chi Minh City, June 17", 2023

Châu Lam Phương

TABLE OF CONTENT

ACKNOWLEDGEMENTT 0 1222221221121 151 1111512171111 5211 111101181 1 trkceg 4 ACRONYMS and ABBREVTIATIƠN 12 121121121121 2212121 2211111221112 xk 8 I§N49)918I 9919351211555 9 Chapter | OVERVIEW OF ITL LOGISTICS JOINT STOCK COMPANY 10

LLL Legal 1nformation c5 c1 222112211123 11111111 111111112 +2 10 1.1.2 History ofestablishment and developmetntC ‹ 5-5: 10 1.2 Fleld ofbusiness 2 2112111211221 1211121 1111111111 1111111 E HH nh 12 1.3 Organizational Structure and Personnel S1tuation : -<: 17 1.3.1 Organizational StrucfUFe 2 2 2.11111122111111 11111122122 17 1.3.2 Personnel Situation c n2 1 122111921112 11152 11g 19 1.4 Business Operation Performace ¿+ 2: 2222112111211 111221 11115 21x+2 20 Chapter 2 THE PROCESS OF EXPORTING GARMENTS BY OCEAN FREIGHT FROM VIETNAM TO THE U.S AT ITL LOGISTICS JOINT STOCK COMPANY 0 ccccccccccccssceceescenecseceecseeescssesaesssieecstsseenecsessessecsssecesssetesesieesseetseesseess 23 2.1 Relevant parties In the Importinp DrOC€Ss n2 22222 n2, 23 2.2 The process of ocean freight exporting garments from Vietnam at ITL I0 01.0 N.ĐiidddditiẳỒŸỶŸỶỒỶỒỖỒ 24 2.3 Analyzing the process of ocean freight exporting garments from Vietnam at

2.3.1 FTL receives and checking documents for loading øoods 25 2.3.2 OPS arrange drive and trailer for the consIermett - - 27 2.3.3 Take empty container from ]Ưepot L1 2.12221112111121 152122 x22 28 2.3.4 Deliver empty container to the customer”s (exporter) warehouse 29 2.3.5 Loading goods at customer”s (exporter”s) warehơuse - 29 2.3.6 Deliver container to Port of Loading (CY) (2-2 1 222221122 s+2 31 2.3.7 Deliver goods to Los Angeles, USA ccccccccccceccsceteccensseeeenenaeeeens 31 2.4 Relevant risks and propose soÏutIOI5 - 2 2211122112211 112212222 32 PNN a4 32 PA» co 0o nh 32 Chapter 3 INTERNSHIP SUMMARY S SH nHn H12 111111111 1121 1 re 34

3.1 5WOT ofTTL LogIsties JSC Q1 2011110111011 111 1111111111111 111111111112 34 Em “141 34

LIST OF FIGURES

FIgure I.I TL LogIstics LÒ0 2 2.11120111011101 1 1111111111111 1111111111111 1 k2 12 Figure 1.2 Main businesses of [TL Corp 2 2212112211121 1 1121111181218 k re 13 Eigure I.3 Orpantzation StFUCfUF€ - 2 1221 22112211221 12111221 115111 11111118 k tr L7 Figure 2.1 Related parties of importing DFOC€Ss 0Q QQ 122 HH nà 23 Figure 2.2 The process of ocean freight exporting garments from Vietnam at ITL

Table 1.0.1 Legal Imformation c2 2122211112111 21 1111111112211 10111121112 1k II Table 1.2 Bustness services at ÏÏÏÏL - c1 2222211211221 1 1211121111111 1581 112811118 xe ray 14 Table 1.3 Personel situation according to Gender, Age, Position, Education level .20 Table 1.4 TL Income Statement 1 3 y€8fS 2 2 22 22211122111 11121111 111222 22 Table 2.1 Details of Booking Confirmation - c2 2c 2222111211122 11 121115211 x12 27 Table 2.2 Details of Shipping Instruction 2 221122211 1111211112221 1111122 x2 28 Table 2.3 Infomnation of Container PackIng LIst - 2-2 222222522 22222+zss+2 31 Table 2.4 Information of VƠM 1 111211211 1211111 11111011111 1111 1111111111111 1kg 31

ACRONYMS and ABBREVIATION

ITL ITL Logistics Joint Stock Company

VGM Verified Gross Mass Of Container On International Transport

INTRODUCTION

Import and export in general, and the logistics business in particular, have become unavoidable in today's society All countries’ import and export activities are growing increasingly essential Because it serves to expand the economy and enhance commerce in order to make each country's commodities market become more varied As a result, import and export firms are more focused on developing and upgrading service quality to meet the demands of local and international industries And it is the import- export corporations that carry out the procedures and have the processes to export or import items, as well as take care of customs clearance of goods entering or leaving nations

During my internship at ITL LOGISTICS JSC, the knowledge | gained from competent personnel helped me comprehend the procedures required to export goods Therefore, | choose to write about the "THE PROCESS OF EXPORTING GARMENTS BY SEA FROM VIETNAM TO THE U.S AT ITL LOGISTICS JOINT STOCK COMPANY"

This topic helps me to find out the procedure of taking empty container out of the depot and drop it in right CY, the contact between parties in export activity and analyze the key challenges

of the process From that, we may continue to leverage and promote the business's risks in the export activity in general and trucking service for export activity, while also providing solutions

to improve the quality of customer services to develop the company

This report includes 3 chapters:

- Chapter 1: OVERVIEW OF ITL LOGISTICS JOINT STOCK COMPANY

- Chapter 2: THE PROCESS OF EXPORTING GARMENTS BY OCEAN FREIGHT FROM VIETNAM TO THE U.S AT ITL LOGISTICS JSC

- Chapter 3: INTERNSHIP SUMMARY

Chapter 1 OVERVIEW OF ITL LOGISTICS JOINT STOCK COMPANY

1.1, General information

1.1.1 Legal information

ITL Logistics Joint Stock Company is a big business unit of Indo-Trans Logistics Corporation and ITL Logistics to tap into Vietnam’s fast-growing market and increasing need for integrated logistics solutions ITL Logistics combines the expertise and experience that both have built up over many years in South East Asia

to offer clients integrated logistics solutions and strategic value ITL Logistics is one

of the market leaders in Integrated Logistics Services, delivering high-quality services to satisfy clients’ complex logistics needs to grow your business

ITL helps its customers implement logistics services such as customs clearance, trucking fleet, and warehousing services so that customers can concentrate on their core business ITL will also offer the best solution for the export/ import procedure and necessary documents

Some legal information about the company:

International Name ITL LOGISTICS JOINT STOCK COMPANY

Tax Identification Number 0303852860

Address 52 - 54 - 56 Truong Son St., Ward 2, Tan Binh

District, Ho Chi Minh City, Viet Nam Legal Presentative Mr LE DUC KHOI

Table 1.0.1 Legal information

1.1.2 History of establishment and development

Throughout the 24-year period (from 1999 to 2023), the company has had many noticeable events as well as some remarkable developments In June 2005, ITL was appointed as the

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official agent for Thai Cargo Airlines in Vietnam and Indochina In

2007, ITL successfully transformed into a joint stock company and changed its name to "Indo Tran Shipping and Forwarding Joint Stock Company", expanding in many fields and operating stronger than ever In 2011, 30 shares were decided to sell by ITL to Singapore Post, and from here ITL and Singapore Post officially became strategic partners of each other In November 2015, ITL Group (Indo Trans Logistics) cooperated with Vietnam Railways Corporation to hold the inauguration ceremony to start the Railway Logistics Center construction at the Yen Vien Station project This

is the first railway project to be socialized under the conditional infrastructure leasing mechanism with a total investment capital of

90 billion VND in phase 1 In 2018, ITL impressed the whole industry when it achieved a growth rate of nearly 50 times compared to 2017, three times the average growth rate of the logistics industry In 2019, ITL cooperated with ICD Tan Cang Song Than - a Saigon Newport Corporation (SNP) member- to jointly establish ITL-ICD Tan Cang Song Than Logistics Complex in Binh Duong, one of the largest complex constructions in Southeast Asia

In early July 2019, Symphony International Holdings (a corporation

in Singapore) invested US$42.6 million to become a strategic partner of ITL Corp From the cooperation foundation in 2015 to the middle of August 2020, marking the 20-year milestone of establishment and development, ITL completed the acquisition of Sotrans Group in the form of merging two businesses with the rate

of takeover 97%

Besides remarkable constructions between ITL Corporation and partners, the company also gets rewards such as “Vietnam Value” - the only trade promotion program at the Government level, aiming to develop strong brands of Vietnamese businesses and honor the values of "Quality - Innovation, Creativity - Pioneering Capacity", “VNR 500 - Top 500 Biggest Companies In Vietnam”, and “Top 10 Most Reputable Logistics Companies In Vietnam” The fact that ITL led the ranking of the 2022 Top 10 Most Reputable Logistics Companies In Vietnam under the

H

category of International Forwarding, Warehouse Services, and Third-party & Fourth-party Logistics has shown our important role and position in the Vietnam Logistics market ITL Corporation also affirms its reputation in the logistics industry by participating in global and local organizations In 2000, the company joined and became a member of the Vietnam Freight Forwarding Association (VIFFAS), which is recently known as Vietnam Logistics Business Association (VLA) After two years, the company entered the International Federation of Freight Forwarders Associations (FIATA) One year later, in 2003, ITL was also an official member of The International Air Transport Association (IATA)

Recently on August 11, 2022, ITL Group was honored to be voted in the top "Best Companies To Work For In Asia 2022" - a prestigious international award awarded by the magazine "Best Companies To Work For In Asia 2022" HR Asia awards annually to

environment and regularly organizing exciting internal activities to motivate employees In 2022, more than 622 companies from various industries applied to participate in the awards, of which „”

LOGISTICS

Figure 1 ITL Logistics Logo

120 companies were recognized In addition, ITL always puts employees at the center of all activities with the "Employee Centric" strategy ITL creates a professional working environment, encourages creativity, and creates fair career development opportunities for all members

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1.2 Field of business

ITL focuses on providing all logistics solutions required by domestic and Indochina customers From receiving and packaging services, storage and distribution to service delivery stations

~—= 7 py op a Aviation Services | FreightManagement

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TT j1) [ i f 7 yy

Railyryy Logistics Last Mffle And Express

| 9 | FTL j Full Cee dot ERE seen FFinternational / Domestic l

Table 1.2 Business services at ITL

- Road freight services: With an owned fleet of over 180 container prime movers and 250 chassis, centralized in 3 main transport hub centers in South, Central, and North Vietnam, ITL brings value you to your doorstep through high-quality road transport solutions ITL offers best-in-class service and continually invests in fleets and operations to meet the increasing demands of customers and the market In addition, ITL operates the leading visibility offering in the market, offering a comprehensive and integrated Transportation Management System (eTMS) — GPS — SMS e-alert and Track and Trace solution This brings value to our customers by both improving service and reducing the total cost to serve ITL trucking services include: Full Truck Load (FTL), Less Than Truck Load (LTL), Nationwide Distribution Network, Trucking Cross Border Services (Vietnam-China/Vietnam- Cambodia & Lao), License Multi-modal cross-border truck operator, Full insurance coverage, Integrated solution offerings including warehousing and distribution, freight management and customs services

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- Rail freight services: ITL is a leading service provider of rail operations in Vietnam ITL Railway Logistics operates a stable schedule of 5 days a week with offices in Ho Chi Minh City, Hanoi, and Danang specializing in domestic rail-based logistics solutions in Vietnam In addition, ITL has invested in and operates the Yen Vien rail terminal in Hanoi This competitive advantage enables ITL to offer a one- of-a-kind, best-in-class rail logistics offering Beyond traditional domestic rail and sea freight services, ITL also offers customized and value-add solutions, specializing in solution design for the specific needs of each customer such as high- value goods, heavy goods, emergency goods, and raw material flows for manufacturing or project-based requirements ITL Railway Logistics provides market-leading stable and reliable rail services for customers through operation excellence in KPI management, customer service and technology capability (GPS, SMS alerts amongst others)

- Air freight services: ITL Aviation is the leading GSA/GSSA operator in Vietnam and Indochina With representation of 22+ airlines and management of 300+ flights per week, ITL is the ideal partner for airlines operating in the region ITL has been the leader in Aviation services in Vietnam since 2000, benefiting from a wealth of market experience and proven success-driven methodology in the region ITL Aviation’s core differentiator is the ability to deliver flexibility and reliability at the highest standard of expertise for cargo sales, operations and marketing ITL Aviation and affiliates operate as both General Sales & Services Agent (GSSA) and General Sales Agent (GSA) offering a full range of services on behalf of the world's most reputable airlines in Vietnam and Indochina such as Thai Airways, Qatar Airways, AirBridgeCargo, Jetstar Airlines, Ana Cargo, AirFrance, Delta Air Lines, Vietnam Airlines amongst others Today, ITL Aviation and affiliates are the market share leader in aviation services in Indochina

- Ocean freight services: ITL provides customers with the most reliable, trouble- free, on-time sea freight services to complement your supply chain demands ITL’s network coverage includes a full range of services including LCL, FCL and Buyers Consolidation (CFS) in all trade lanes In addition, ITL offers full-service EOR (Exporter of Record) and IOR (Importer of Record) services to its customer base as required ITL offers a full range of export services to a vast global network of destination ports With a dedicated team of responsive staff, ITL takes pride in servicing vertical market customers such as global fashion retail companies by providing them with buyers’ own consolidation and freight management services with the most efficient volume-cost expectation In addition, they also offer best-in-

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class service capabilities for import requirements ITL has a leading market advantage to combine services to offer a seamless in-house door solution managed directly by our experienced team from cargo arrival, customs clearance, warehousing if required and final delivery to the destination ITL offers customer- specific solutions to fit every size of customer, from small to global organizations

- Multimodal Transportation: ITL has top-notch experienced staff who possess the relevant knowledge and flexibility to handle all possible combinations of freight movements linking them into a seamless path enabling customers to access the best combination of multi-modal transportation may it be by sea, air, road or rail Our solution design capability offers customers the ability to optimize cost and transport mode ensuring they get the best balance between cost, reliability and lead time This best-in-class experience combined with our depth of coverage geographically, operationally and direct owned assets, enables our customers to receive the very best in multi-modal transport solutions from ITL

- Logistics Solutions: One of the leading warehousing service providers in Vietnam with more than 300,000m2 of international standard warehousing area in economic center-point areas in the North, Central and South of Vietnam Besides, ITL has a warehouse management system (WMS) set up to customize to each client's requirements and is highly flexible At ITL, will meet the comprehensive needs of our customers and provide optimal monitoring and operation management solutions We call it "ONE CALL ALL SERVICE" Some core values of this service:

* CFS Warehouse: Container Freight Station is a warehouse that specializes in the consolidation and deconsolidation of cargo of many container owners CFS is usually used when the exporters (LCL) don’t have enough cargo to fill one container full (an FCL) These owners use one bill of lading to save cost on transporting and make the procedures of import and export easier Services are operated in CFS:

= Pack, re-pack, arrange, re-arrange goods waiting for exporting

= Place goods in transit, transhipped goods to pick-up place to separate, collect into one container to export or collect with Vietnamese exported goods

= Separate goods to wait for imported procedures or pack goods in container with other exported batches to move to the third exported countries

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1.3

= Transfer goods' ownership in reserving time

¢ Distribution Center: This is a type of warehouse that stores domestic goods, where the distribution of goods and value-added services are carried out at the request of the owner of the goods The distribution center is an indispensable part of businesses A distribution area is a place where retail or wholesaler orders are made accurately to optimize time and cost for businesses

¢« Bonded Warehouse: Bonded warehouses are areas established in the territory

of Vietnam, separated from the surrounding areas by a fence network A warehouse or yard for storing goods which have been cleared and waiting for their export; goods brought from abroad and stored therein for their re-export out of or their import into Viet Nam

- E-commerce Logistics Speedlink was established to provide the local market with innovative, extraordinary and dynamic E-Commerce solutions while providing consumers with a state-of-the-art shopping experience in Vietnam Speedlink offers a full suite of E-Commerce solutions from Order Management and Fulfilment Solutions, Performance Marketing and Last Mile delivery including B2C and C2C delivery, Cash-on-Delivery (COD) services and Returns management Through its suite of offerings, some project demo, Speedlink comnects buyers with sellers and optimizes opportunities for increased sales by sellers and the experience of the buyer through its unique platform and partnership in ITL and its subsidiaries and partners

Organizational Structure and Personnel Situation

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1.3.1 Organizational Structure

Shareholders council

Board of Supervisors

NY, Board of Directors

L311 Shareholder council The General Meeting of Shareholders, consisting of all shareholders with voting rights, is the highest decision-making body of a joint-stock company As the leaders who have the right to decide through the development orientation of the

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company The General Meeting of Shareholders has the right to administer the Supervisory Board and the Board of Directors to implement business strategies and set forth the applicable laws and regulations at the company

13.12 Board of Supervisors The Board of Supervisors is responsible for inspecting and notifying the agency representing the company owner about the legitimacy and legitimacy in the company's business activities; in the registration of business books and financial statements; proposing additional measures, change, improve the organizational structure, management, and operation of the company Specifically, the Board of Supervisors supervises the management and administration of the Board of Directors, Director or General Director, reviews and evaluates the effectiveness of the company's internal control, risk management, and early warning systems, proposes the Board of Directors or the General Meeting of Shareholders a plan to amend, supplement or improve the organizational structure of management, supervision, and administration of business activities of the company

13.13 Board of Directors/ Management The Board of Directors is the governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management The board typically meets at regular intervals In general, the board makes decisions as a fiduciary on behalf of the company and its shareholders Issues that fall under a board's purview include the hiring and firing of senior executives and their compensation, dividends, major investments, and mergers and acquisitions In addition, a board of directors is responsible for helping a corporation set broad goals, supporting senior management in pursuit of those goals, and ensuring the company has adequate, well-managed resources at its disposal 1.3.1.4 Human Resouces and Administration

Some of the duties of this department are as follows:

- Human resource management: Building human resource structure for departments Organize and conduct human resource activities in accordance with regulations: recruitment, personnel evaluation, work results evaluation, training, salary payment, and welfare regime Manage personnel files and information under the current regulations

- Management of administrative work: Developing regulations and implementing correspondence, archiving, and managing legal documents Ensure logistics work and at the same time ensure security, labor safety, fire prevention, and fighting in the enterprise

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- Communication management: Organizing press conferences, events, and conferences Search, review, propose to participate, prepare profile, and track results

of domestic and foreign awards as well as social sponsorship programs to enhance brand image

1.3.2.5 Financing and Accounting Some of the duties and powers of this department are as follows:

- Annual financial planning

- Organize accounting and statistical work in accordance with the provisions of current legal regulations and in accordance with the company's production and business organization model

- Summarize costs, production, and business results

- Prepare accounting reports of periodical audits of the company and its dependent units in accordance with regulations of the Ministry of Finance and current legal documents

- Organize and lead the implementation of the thrift and anti-waste of the company 1.3.2.6 Information Technology

Some of the main tasks of IT are:

- Responsible for managing and operating all IT activities

- Database system administration, software and applications

1.3.2.7 Foreign’ Domestic Bussiness Strategic Business Units, in Southeast Asian countries, include Cambodia, Laos, Myanmar, Thailand, and Singapore These strategic business units will be responsible for providing services in that country, responsible for handling the combined plan

The domestic business segment includes Supply chain department, Agency, ITL HAN (a strategic business unit of [TL branch in Hanoi., ITL DAN (a strategic business unit of ITL branch in Da Nang)

TOTAL Male | Female | <30 | >30 | Manager | Staff Bachelo College

Gender: Through the staff structure table, we can see that the total number of employees of the company in the office of Ho Chi Minh City 1s 209 people working

in different departments Of which, Male accounts for 27.8%, the rest Female 72.2%, there is a rather high disparity This shows a gender imbalance in the business, but it is not a factor affecting the company's revenue Male staffs implement works that such as operation, IT, communicate work staff at the port While female staff implement tasks requiring careful checking such as (document, billing, customer service)

Age: And on the chart, we can see that the company's staff is quite young: 69.9% of employees are under 30 years old and 30.1% of employees are over 30 years old, concentrated in the Sales department With the enthusiasm of youth, combining dynamism and curiosity At the same time, his high creativity and many years of experience show the company's potential for growth from the dedication of this class of employees

Position: Out of a total of 209 people distributed across departments, there are 26 managers along with 183 employees Managers accounted for 12.4% and employees 87.6% This number is reasonable because each department must have a head of the department to monitor, care and promote the individual's work productivity At the same time, listen to the opinions of subordinates, and solve problems together

Education level: According to the chart above, we see that 81.8% of employees have a university degree and 18.2% have a college degree Shows a fairly professional working environment and high professional level Each part will support each other, and complement each other's shortcomings

1.4 Business Operation Performance

Unit: Billion VND

4 Cost of goods sold 3.011,5 1.798,6 2.3988

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5 Gross profit from sales of merchandise and

services rendered

7 Profit, loss from joint ventures or associates 72 6 15,9 45,6

9 Profit from financial activities (4344) (2§L9) (190,5)

Table 1.4 ITL Income Statement in 3 years

By 2023, ITL has more than 1,900 employees with more than 90 domestic and international branches, helping ITL get closer and closer to the goal of becoming a leading enterprise in the field of Logistics The report at the end of 2020 showed that ITL's total revenue reached VND 3.705,7 billion VND Profit after tax reached 210,7 billion VND Which, air transportation accounts for more than 60%

of total revenue Inland waterways increased to 32.52 million tons, up 26.46% over the same period in 2019 ITL's business summary report showed that the company's profit increased by 109%, equivalent to 230 billion VND Revenue from sales and service provision in 2021 decreased by 29% compared to 2020, or more than 1,000 billion VND In terms of profit from financial activities, although it increased by more than 35% compared to 2020, it still remained at a negative level Thus, the total profit from business activities tncreased by 115% compared to 2020, equivalent to more than 296 billion VND However, the company's other income decreased by 168%, achieving negative growth, nearly 8 billion VND lower than in

2020 The difficult economic situation has caused the costs to increase significantly, causing the profit growth rate By the beginning of 2022, ITL's growth for the year

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will reach 150% compared to 2021 Of which, 1750 flights have taken off, equivalent to nearly 9 flights per week Profit after tax reached more than 1,102 billion VND, an increase of more than 661 billion VND compared to the previous year Revenue from sales and service provision reached nearly 4,000 billion VND, a sharp increase of 50% compared to 2021, equivalent to more than 1,322 billion VND Revenue from financial activities fell to only 8.5 billion VND, down 65% compared to the previous year Accordingly, net profit from business activities reached VND 1,370 billion VND, up 147%, equivalent to nearly VND 816 billion VND

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Chapter 2 THE PROCESS OF EXPORTING GARMENTS BY OCEAN FREIGHT FROM VIETNAM TO THE U.S AT ITL LOGISTICS JOINT STOCK COMPANY

2.1 Relevant parties in the importing process

Figure 2 Related parties of importing process

In this process, there are 7 parties relating:

- The exporter (The consignor): This is the goods’ manufacturer In this case, the exporter is from Vietnam, and would like to export garments to the US They implement custom clearance as well as book the vessel themselves

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- The importer (The consignee): This is the party that receives the consignment from the exporter In this case, the importer is from the US

=> These two parties are the most crucial because they have the demand for delivery goods abroad as well as related parties appear thanks to them Moreover, this consignment is the processed goods sent back to the foreign parent company so there is no commerciality in this process

- The carrier: One of the main duties of this party is delivering the consignment from a place to a place written in the B/L In this case, the freight starts from Germalink Vung Tau Port to Fenix Marine Terminals (Los Angeles, CA)

- Vietnam Customs: This party takes responsibility to inspect and tax the importing goods This party is also important due to implementing customs procedures on behalf of government law about import/ export activities

- ITL Logistics (FTL Dept.): This party provides the domestic trucking service to take the empty container from the determined depot then loads the goods into the container at the customer’s warehouse and drops the container at the determined CY to start the main process

- Place of pick-up empty container: This is the place where to take empty container for the loading process according to the instructions of the shipping line

- Port of Loading: Port of loading (POL) refers to the port where the cargo is loaded onto the shipping vessel or container It is the starting point of the shipping journey and is an important factor in determining shipping costs and transit time The port of loading is usually specified in the shipping contract or bill of lading In this case, the POL is ICD Phuoc Long 3

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2,2, The process of ocean freight exporting garments from Vietnam at ITL Logistics JSC

Figure 2 The process of ocean freight exporting garments from Vietnam at ITL Logistics JSC

2.3, Analyzing the process of ocean freight exporting garments from Vietnam

at ITL Logistics JSC

2.3.1 FTL receives and checking documents for loading goods

The exporter will provide Booking Confirmation, CRO, and some other requirements for FTL to conduct the process through email This is an old customer

of FTL so that there is no delivery contract between FTL and the customer The exporter just needs to provide necessary documents to FTL to carry out obligations according to delivery contract signed before

FTL Team

Figure 2 Exporter contact and provide related documents to FTL

In order to provide above documents, the exporter will identify which commodity and the quantity of the commodity There are some must-have documents that the consigner has to provide to the Vietnam Customs for them to know about the consignment’s information to implement the customs procedure fluently

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