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VIETNAM NATIONAL UNIVERSITY, HANOI INTERNATIONAL SCHOOL *** GRADUATE INTERNSHIP REPORT INTERNSHIP COMPANY/INSTITUTION: Tan An Co., Ltd Address: 9th Floor, 34 JSC Building, 164 Lane, Khuat Duy Tien Street, Thanh Xuan District, Ha Noi Supervisor: Tran Hong Ngan Student’s full name: Nguyen Truong Phuc Student’s ID: 11071312 Major: International Business Class: IB2012B Hanoi,……………10/03/2016…………… … Table of Contents LIST OF TABLES Figure 1.1: Organizational structure ( Tan An Co., Ltd )…………………………12 Table 1.1: Statistic table of net revenue and net profit from operating activities of Tan An Co, Ltd period 2011 – 2014…………………………………………… 15 Table 2.1: Import turnover of the Company (2010 - 2013)………………………17 Table 2.2: Importing wood assortments of Tan An (2011-2013)……………… 18 Table 2.3 : Wood import markets of the Company (2011-2013)…………………19 Figure 2.1: Growth rate of return on import activities of Tan An Co., Ltd (20092013)……………………………………………………………………………….22 Table 2.4: Growth rate of import costs of Tan An Co., Ltd (2009 - 2013)………23 List of acronyms No Acronyms Written in full Co, Company LTD Limited No VND Vietnamese Dong Kwh Kilowatt hour Number Chapter 1: Overview of Tan An Company Limited 1.1 Introduction of Tan An Company Limited - Company Name: Tan An Company Limited - Address: 9th Floor, 34 JSC Building, 164 Lane, Khuat Duy Tien Street, Thanh Xuan District, Ha Noi - Email: tananco@hn.vnn.vn - Tax code: 0100379776 - Phone: (04) 22111025 - Fax: (04) 22250750 - Scale: + Capital scale: Tan An Co., Ltd has a charter capital: 170 billion VND + Number of Employees: more than 200 people have intermediate level, the technical staffs are skilled and have university degree or higher 1.2 The process of establishment and development of Tan An company Tan An Co., Ltd was established on 25/03/1995 In the early days of establishment, though the company encountered much difficulty, its leader and working staff, with the motto “cooperation-development”, expressed determination to quickly make Tan An Co., Ltd become a powerful company The work of Tan An company is to import raw materials of chemicals, metallurgical materials, machines and equipments to serve for the domestic industry Now, Tan An Co., Ltd is known as the most prestigious importing and installing company of small hydropower equipments in Vietnam market, and the company is highly appreciated and trusted by its partners Besides, Tan An Co., Ltd also boosts to export the handicraft items to many countries around the world like the USA, Britain, Japan, China and Canada Together with import-export business, the company also focuses on investing in production, because production is fundamental for the company to develop stably In 2004, Tan An Co., Ltd started building a group of small hydroelectric power plants in Van Ban district of Lao Cai province In 2008, three small hydroelectric power plants went into operation and activities in accordance with the designed capacity to synchronize into the national grid In 2008, the company has a joint venture with the Vietnam Forestry Corporation to build the MDF wood processing factory with a capacity of 54 thousand tons per year in Yen Thuy district of Hoa Binh province As expected, the plant will go into operation at the middle of 2011 In 2009, the company has a joint venture with a China partner to build the Feromangan (FeMn) producing factory with a capacity of 100 thousand tons per year which is considered as the largest factory in Vietnam now Factorys products are exported 90% to the USA, Japan, Germany and so on Since the days of establishment until now, Tan An Co., Ltd has continually developed and strengthened We are appreciated a very prestigious partner in Vietnam as well as on the world We would like to co-operate all the nationwide companies as well as oversea companies to develop together 1.3 The business field and production activities of the company 1.3.1 Imports of chemicals and natural wood After 20 years of growth and development, Tan An company has become the prestige importer and distributor in many areas, including the import of chemicals and natural wood Tan An Co., Ltd has been widely knowns as a supplier of chemical products and materials used in industries such as: Paints, Glue, Ink, Plastic, Textile dyes, cosmetics , Pharmaceutical Currently Tan An Co., Ltd is the importer and provided chemical with many factories, production facilities across the country including Prime Group,Miwon company, Ha Bac - nitrogenous fertilizer company , national reserve departments, The quality of goods of Tan An Co., Ltd has been guaranteed the right quality standards of the manufacturer The company is willing to provide technical documentation and advice to customers Tan An Co., Ltd has supported wood for raw material to the domestic enterprises since 2008 They have also established good relationship with prestigious wood producing enterprise in different countries on the world such as: - South Africa: Lim - Eucalyptus – pine tree - South Pacific: Price refugee - Eucalyptus - White Teak - Tram treeMahogany - Malas - Europe - USA - Canada: Oak - Beech - Poplar - South America: Price refugee - Eucalyptus – pine tree - Laos Wood: aloes wood – Barian dalbergia - Cam xe tree - Trac tree – Gu tree With the test at the mining area of enthusiastic and trust specialists of Tan An Co., Ltd, sawing or drying timber materials have been tested and have been granted options to best quality in line with the market before being taken back to Vietnam 1.3.2 Exports of handicrafts Founded in 1995, Tan An is the leading Handicraft company in Viet Nam With more than 10 years of experience, they are proud to say that Tan An is always a pioneer in the field of handicraft In 2005, Tan An Co., Ltd collaborated with craftmen from traditional villagers to regenerate and improve the old occupations ; expanded the product distribution of Vietnamese traditional handicrafts into foreign market in order to broadcast for the specific tradition of Vietnamese culture They also makes some more jobs and increasing incomes for people in traditional villages Recentle, Tan An Co., Ltd has succeed in setting up manufacture areas and store systems in three of the large traditional villages in Vietnam - Rattan in Ngoc Dong-Dong Van-Ha Nam specialized in producing rattan - to export Ceramics in Bat Trang-Gia Lam-Hanoi: specialized in producing - handmade ceramics Bamboo in Cat Dang Nam Dinh specialized in producing bamboo products Their products are available in more than 10 countries throughout the world such as US, Canada, Japan, China, Taiwan, Germany 1.3.3 Provides instrumentation and accreditation Tan An Co., Ltd provides integrated system of scientific and technological equipment Systems corporate clients include: - System Standardization, Metrology and Quality Vietnam: Vietnam Metrology Institute, the Technical Centre for Standards and Quality, the Department of Science and Technology, - The factories of industries such as cement, thermal power, hydropower, nitrogen, The list of products to be supplied: - Measuring instruments, pressure calibration Tan An Co., Ltd is the exclusive representative of the firm Budenberg in Vietnam - Equipment for measurement, calibration temperature - humidity Tan An Co., Ltd is the exclusive representative of the company Wika, ThunderScientific in Vietnam - Measuring equipment, energy audit Tan An Co., Ltd is the exclusive representative of the company Kimo in Vietnam 1.3.4 MDF Tan An – Vinafor Hoa Binh MDF Tan An - Vinafor Hoa Binh wood production factory started its construction in 2009, and is expected to run at full capacity in 2011 The factory has advanced MDF production technology directly imported and supervised installation by the company Capacity: 54.000m3 per year Main products of the company is MDF man-made fiber plywood with the thickness from ÷ 25mm The lengths of 1.830mm, the width of 1.220mm are very convenient in the construction, interior and exterior decoration to the building As the main material for furniture production, MDF wood is very convenient to processing work of window frame, door frame and other household products.(See detailed specifications of the product) MDF products of Tan An - Vinafor Hoa Binh achieve export standards Raw materials for production are mainly plantation timber (pine, acacia, eucalyptus, melaleuca) Labour: 190 people including engineers, universities, colleges, secondary and technical workers from grade to grade 1.3.5 Building Phu Mau Hydropower construction In the end of 2004, Tan An Co., Ltd started building Phu Mau group of small hydroelectric power plants at Phu Mau hamlet, Liem Phu commune, Van Ban district, Lao Cai province, Vietnam On February 2009, the company officially inaugurate Phu Mau group of hydroelectric power plants Phu Mau group of hydroelectric power plants comprise plants with capacity of 5.6 MW Annual power yield is 21-22 million Kwh per year Phu Mau hydroelectric power plant No.1 has: • Installed capacity: 1.4 MW • Height of estimated water column: 80m • Trading generation on 7/2007 Phu Mau hydroelectric power plant No.2 has: • Installed capacity: 1.8 MW • Height of estimated water column: 150m • Trading generation on 10/2006 Phu Mau hydroelectric power plant No.3 has: • Installed capacity: 2.4 MW • Height of estimated water column: 250m • Trading generation on 9/2008 In 2009, the company has also set up a project to build Yen Ha hydroelectric power plant at Phu Mau hamlet, Liem Phu Commune, Van Ban district, Lao Cai, Vietnam, and construction is expected in 2011 Installed capacity: 7.5 MW Yield around 30 million Kwh per year Height of estimated water column: 250m 1.3.6 Manufacturing Carbon, Ferro, Crom In 1998, Tan An Co., Ltd has built a production factory of High Ferro Chrome Carbon in Ninh Binh to supply the nationwide market and completely replace import of such goods from abroad In 2008, they have joint venture with Chinese partner to build a production factory of Ferro Manganese with output of 30,000 tons per year and 90% products are exported The factory now has mineral-heated furnaces with the capacity of 6300KVA, at the end of 2010, they invested to build new mineral-heated furnaces and 1refined furnace, production will reach at least 100,000 tons per year The factory has powerful technical force, advanced production technology, scientific management, and standard quality products are especially good Management team, as well as engineering, manufacturing and working staff have much experience 10 - Relationships with banks, credit institutions in operating loans and foreign currency rotation - Preparation and evaluation of financial statements in accordance with law and the charter of the Company Import and Export Department: responsible for business with foreign partners, imports of raw timber to serve import business, import of chemicals and raw materials for the company to use as well as production to sold abroad In addition, import-export department also specializes in producing handicraft items to sold abroad, specializing in the evaluation of scientific and technological equipment to sold for the central measurement General Business Department: in charge of purchasing and selling to local businesses Developing strategies and tactics of the company to better meet consumer needs, creating advantages over competitors, market development Functions and main tasks of business manager: - Operating any business activity Take responsibility and split these objectives, strategies and business - plans Develop business strategies, short-term and long-term planning, identify key indicators of sales, profits, dividing the implementation plan monthly, - quarterly for objects Encourage employees to work, organized and assigned to perform - business targets Evaluate results of implementation of the business plan and propose remedial measures Functions and tasks of business staff: - Direct advertising propaganda, introducing goods, who meet the requirements of the customers, who reflect the preferences, opinions and suggestions of customers 14 - Planning and implementation of the assigned revenue targets Receive information about the needs of customers, shipping proposal Submit reports on the results of the business weekly, monthly, report the results program, the stipulated agreement Project Department: responsible for the company's projects with partners domestic and international, make a plan, consider something is likely to occur: favorable or difficult to carry out the project from which to make decisions that implemented project or not Project Department includes the following divisions: - Planning department: This department make plans to operate the export- - import business of the company Delivery department: To receive input raw materials for production and prepare export and import procedures 1.5 Operating status of the company in recent years Table 1.1: Statistic table of net revenue and net profit from operating activities of Tan An Co, Ltd period 2011 – 2014 (Unit: VND) Year 2011 2012 2013 2014 Net revenue from sales and provide services 364.362.414.355 471.269.121.814 548.662.181.579 543.803.640.645 Net profit from business activities 17.724.284 6.424.718.500 6.777.625.587 6.862.806.028 Source: Report on business performance period 2012 – 2014 From the table above, we can see in the recent years, the net revenue from sales and services of the company through a period 2011 - 2014 tended to rise faster and slowed in 2014 This suggests the business activities of the company is progressing very well, especially after 2011 We can relized 2011 as a year of unsuccessful of the company when net profit from operating activities of the company only reach nearly 18 million VND, equal about 0.005% of the revenue 15 that year However, in 2012, the company's profit has soared to nearly 6.5 billion VND, reaching 1,363% of the revenue and stabilized in the next years The reason for this is because in 2011 the financial cost specifically the interest expense was higher than the other years, which means that companies have to pay more for the bank's debt Achieve such positive results is due to the relentless effort of the whole company However, Tan An Company Limited has encountered some problems, difficulties, obstacles that reduce the operational efficiency of the company in 2014 It should be overcome Finally, we can say the period 2012 - 2014 was a period of recovery and strong growth of Tan An Company Limited compared to earlier periods 16 Chapter 2: Report about business activities of Tan An company 2.1 Overview about imports activities of the company 2.1.1 Import turnover Import-business is the main activity of Tan An Company Limited Import turnover of the company has continually increased over the years, which is the result of the expansion of the business market, expand business relations with partners, improve the quality of goods Table 2.1: Import turnover of the Company (2010 - 2013) Năm Actual import turnover (USD) Change over the previous year ( % ) 2011 1.991.000 12,53 2012 2.221.100 2.443.300 11,55 2013 10,01 Source: Inport-Export Department From the table above we can see that the import of Tan An Co., Ltd always tends to increase in recent years: In 2011 the total import turnover reached US $ 1.991.000 , and in 2012, it increased to 2.221.100 USD equal to 11.55% increase compared to 2011 In 2013, imports reached USD 2.443.300 equal to 10.01% increase compared to 2012 Overall, the growth of imports relative stable, with average growth rate of 10.5% / year Particularly in 2011, the increase of import turnover is much higher than the other years due to the expansion of the business sector and the increase of new foreign partners In 2012, growth in import decreased compared to 2011 due to consumption of these new products is not high, the inventory of 2011 is large Annually, the company based on the growth of domestic consumption, predicts the development trend of the market domestic and internationally to set out 17 plans to import in volume, structure, the most appropriate time to import, the number of goods in a single contract Hence, the growth in imports also shows the growth of the consumption of goods in domestic and the increase in the import activities of the enterprise 2.1.2 The structure of import goods Currently, the company imports more than 10 different types of wood, including ironwood imported from Cameroon; " Sua", "Keo", "Camxe" imported from Laos and Cambodia; oak wood imported from Europe; pine wood imported from Laos and Indonesia Table 2.2: Importing wood assortments of Tan An (2011-2013) (Unit: thousands of dollars) No Species Pinewood Dồi Keo Oak wood Cămxe Others Total Value 1.270,2 151,3 153,3 127,4 288,8 1.991 2011 Proportion (%) 63,8 7,6 7,7 6,4 14,5 100 Value 1.345 181,6 220,7 99 160 292,8 2.299,1 2012 Proportion (%) 58,5 7,9 9,6 4,3 12,7 100 Value 2013 Proportion (%) 1.545,5 192,6 113,7 169,4 299,4 2.320,6 66,6 8,3 4,9 7,3 12,9 100 Source : Import-Export Department From the table above, we can see that pinewood has the highest proportion of the total import value of the company, its always remained from 58.5% to 66.6% With the other types of wood, it accounted from 4.3% to 7.3% With "keo" wood, because inventories of this goods from 2012 are high, and the profit of this wood is not high compared to other woods so the company not import this type of wood in 2013 The import propotion of the other woods are maintained from 12.7% to 14.5% 18 2.1.3 Import market structure In the process of formation and development, Tan An Co., Ltd always trying to expand the relationship with wood suppliers to diversify supplies Currently the company imports wood from many countries, in which Cambodia, Indonesia, Myanmar, Laos is the main import markets Table 2.3 : Wood import markets of the Company (2011-2013) (Unit: thousands of dollars) No Country 2011 Value Proportion 2012 Value Proportion (%) 2013 Value Proportion (%) (%) Lào 1.423,6 71,5 1.528,9 66,5 1.749,7 75,4 Cameroon 153,3 7,7 220,7 9,6 0 Indonexia 177,2 8,9 0 0 Campuchia 133,4 6,7 439,1 19,1 440,9 19 Others Total 5,2 100 110,4 2.299,1 4,8 100 130 2.320,6 5,6 100 103,5 1.991 Source : Import-Export Department Through Table 2.3, we can see that Laos is the largest import market of the company, this is the market where the company set up operations for a long time to import wood Import turnover of the company from this market are high, from 66.5% to 75.4% About the Cambodian market, the import turnover of this market increased steadily over the years Proportion of imports from this market increased strongly from 6.7% in 2011 to 19% in 2013 This is a market that the company will actively exploited in the future 19 Cameroon is also an important market of the Company The proportion of this market fluctuated from 7.7% to 9.6% In 2013, the company does not import from this market because inventories remain from 2012 The other markets where the company has established relations may be mentioned as Myanmar, Congo, Central African Republic accounted for an average of 5.5% per year 2.2 Orientations to improve business efficiency of the company until 2020 2.2.1 Import orientation of the company until 2020 In recent years the company has achieved some successes However, to maintain the position in the market, while promoting the development, the company has plans to promote innovative business structures, innovative approaches to provide clear orientation to import and satisfy the needs of customers, built up the reputation with consumers and can expand business scale to lots of new markets which potential and ensure business efficiency, profitability To meet the increasing demands of the market and also to increase the reputation of the company in order to bring high profits, the company has a new strategy for the coming period In its import orientation till 2020, the company focused on partners in Africa such as South Africa, Cameroon, Nigeria, In order to serve higher and higher demand, which requires quality, diverse samples, diffirent customers, Tan An Co., Ltd is gradually change the import proportion between types of wood, increase the import ratio of Camxe wood, "Keo" wood to serve customers with average income At the same time, the company also increase imports oak wood to serve customers with high income, have the demand for high quality wood products, expensive price The company conducted market expansion, consolidation, maintained existing markets in the region to ensure the consumption of goods Simultaneously, seeking new customers for create proactive in business as well as the flexibility to keep up with the fluctuation of the market economy According to the plan in 2014, 20 the company tries to increase the value of imports up to12% compared to 2013, reaching 55.88 billion VND and aims to reach 90.4 billion VND in 2020 2.2.2 Orientation to improve business efficiency of the company About the relations with foreign partners: The company develops relationships with traditional partners, strengthening the role of wholesaler in Vietnam through the strict implementation of the obligations in import operations Thereby, the company enlisted the help of providers about finance, organizational management skills, especially participation in the global marketing programs Besides, the company has finding some new business partners, towards product diversification business The activity of consumption of products in domestic: Besides strengthening the relationships with distributors or retail stores, the company established a number of stores which sells their products in Hanoi and other cities, established a number of branches in big cities Development trends of the company is focused on customers: enterprises, public buildings, The company started exports of rattan products, handicraft items to foreign markets This is a beginning as well as complementary activities to create foreign currency for import operations, ensuring that operations are not interrupted 2.3 Solutions to improve business efficiency of the company until 2020 There are many factors that cause difficulties affecting the company's operations, such as rapid change of technological machinery, the entry of foreign companies into Vietnam lead to more and more intense competition , especially in the import of wood materials The export-import mechanism after 2013 has changed and it affected the company's operations The limitations of the company in recent years need to devise appropriate measures, innovative production and business activities suitable with the policies and regulations issued by the State to maintain and develop in competition Here are some specific solutions: 2.3.1 Reduce import costs 21 Figure 2.1: Growth rate of return on import activities of Tan An Co., Ltd (2009-2013) (Unit : %) Figure 2.2 shows that the growth rate of revenue from business operations of the Company importing wood in 2009 was 23% In 2010, this index increased sharply to 34% However in 2011, 2012, 2013 the growth of revunue has shown signs of abating Table 2.4: Growth rate of import costs of Tan An Co., Ltd (2009 - 2013) Year 2009 2010 2011 2012 2013 Import costs (USD) 28.956 38.846 46.810 52.744 58.743 Growth rates (%) 34% 20% 12% 11% Source: financial - accounting department It can be seen that in the past few years, the company's sales increased steadily but the profit is not high To improve the efficiency of business, the company should have the practical measures to reduce the cost of doing business, which should focus on the cost of importing wood, wood's storage, selling expenses, financial expenses - The cost of importing wood: to reduce import expenditure, the company should performed well the import market research and implement procedures exactly to import wood Through market research, the company will find a suitable 22 materials suppliers, import prices are reasonable and the beneficial import conditions The organization of work need staffs with expertise and experience The inspection of imported wood products must perform carefully to detect failures, errors promptly The The reception of goods, loading cart, make customs procedures should be done expeditiously in order to reduce inventory costs as well as the cost of shipping - The cost of warehousing, timber transportation: The reduction of inventory costs depend on the planned imports as well as promoting the consumption of wood The quantity of imported wood need to calculate exactly, avoiding the excessive import led to the increase of storage costs, rent warehouse The delivery plan is also very important because the company's market spread to the provinces, particularly in markets such as Da Nang, Ho Chi Minh In addition, the company also needs to promptly handle customer orders, need to have better coordination between the sales department and inventories for the shipment occurs quickly and more precisely - Financial expenses: Financial expenses of the company mainly come from the borrowing costs Companies need to build good relationships with multiple banks to ensure capital for import activities Loan plan must be linked to the business plan, plans to import must under each stage of the company Companies also need to take measures to speed up the flow of capital as resolved inventories, opening points to sale faster Besides, the company needs to keep an eye on the exchange rates This will enable the company to calculate the time appropriate to import for reducing the cost of imports Company needs to build the appropriate foreign currency policy, such as maintaining a consistent number of foreign currency for the import of wood, has foreign exchange contracts with the banks to make sure always have enough foreign currency to meet the import operations of the company 23 2.3.2 Support for information technology in the enterprise Nowadays information technology plays an important role for businesses in the process of international economic integration, decision-making, datas are based on the development and application of information technology Information technology help enterprises capture the business opportunities is essential because the application of information technology in Vietnam now is very weak In order to remove disadvantages, the State have provided some regulations and solutions to support the application of information technology Firstly, the company should have long-term strategy and each phased has specific resources of financial and materials, human resources and information technology applications for each type of enterprise, each enterprise associated with strategic development of each sector and specifically linked to the strategic development of information technology in the country Secondly, the company must create a favorable legal environment, policy mechanisms, suitable promotion policy on each specific field of information technology, promote the enterprise application and deployment of the advantages of information technology Thirdly, the company need to take measures, advocacy programs, encourage efficiency to raise awareness and practical benefits of the information technology in the activities of the enterprise Finally, the company needs to take measures to attract direct investment and the participation of foreign companies in projects of information technology applications in the enterprise This is an important measure to build large capital, mobilization of human resources with high quality, experienced to the development of the company 24 Chapter 3: Internship purposes, assigned tasks and methods of implementation 3.1 Internship purposes - Explore and participate in the work environment at the agency / enterprise - Understanding corporate culture, business lines - The regulations, rules and procedures in the enterprise - And most importantly, the understanding about the job requirements which I am doing / practicing - Identify the strengths and weaknesses - Applying the knowledge learned into practice, to train, to form professional skills - Learn and practice working style in company - Strengthening communication, ability to work, management, practice discipline - Build up the relationships in the company 25 - Practice research skills, solve the problems (technical skills, soft skills) - Learn the positions of the job may in the future - Approach to career, more confident after graduation and find work 3.2 Assigned tasks In the course of practice in Impor-Export department of Tan An Co., Ltd., I have done some tasks as follows: - Print some receipts, bills, purchase orders, documents and send to the bank to borrow money or stored - Scan the debit authorization, as well as the written request or vouchers to send to banks and business partners - Prepare a written notice, authorization, - Make a call and communicate with business partners - Writing envelope, delivery bill, - Organize, save the vouchers, bills, paperwork, - Going to the bank to get the debit authorization, open a L/c, make the insurance, - Write a receipt, invoice, - Check the contract, correct the mistakes 3.3 Methods of implementation Before starting the translation, I usually skim through a turn to understand the basic content of the contract and then continue to translate Because this is a relatively new program and there are many new words so in the process of translation, sometimes I need the help of dictionaries (books dictionaries and dictionary software) to understand its meaning and apply the correct words Furthermore, I tried to find out the synonym appropriate to the context to use After completed, I check all of its again before bring it to the instructor for checking and editing 26 At the company, I got conscientious guidance of employees in the department (theories and practices) so my assigned task can be completed quickly and get good results If I encounter any problems at work, I can ask for the experiences and get answers quickly and accurately During the time internship, I can learn and refer to several documents relating to my subjects, so I might apply what I have learned into practice Also, by direct observation the jobs at the office or experimental observations at the factory, it helps me understand the nature of the problem and reduce crestfallen when face the problems of majors Chapter 4: ACHIEVEMENTS THROUGH INTERNSHIP During practice in the company, there were many personal achievement that I've made and to me they are important because these are valuable practical experience These real-world experiences are an integral component of an academic program and provide me with the opportunity to develop not only work skills but also an understanding of the workplace A lot of knowledge that I have learned in the school has been strengthened through this internship It helped me understand more knowledge of export and import, financial accounting, tax, insurance, Besides, the ability to communicate in Vietnamese and English is also enhanced and it helps me to acquainted with the work intensity in the company This internship allow me to question and work with people who work in my chosen career They are able to give me a good and personal insight into what the job entails and what has been developing in the industry This kind of direct and specialist knowledge will help me a lot after graduation Through months studying and working in Tan An Co., Ltd., I have observed that to overcome the problems exist and improve business efficiency in the future, Tan An Co., Ltd should pay more attention in the investigation, market research, improvement of import operations, reduce import costs, In addition, the 27 company need to have the support given from the state to solve some problems and achieve the goals 28 [...]... overcome Finally, we can say the period 2012 - 2014 was a period of recovery and strong growth of Tan An Company Limited compared to earlier periods 16 Chapter 2: Report about business activities of Tan An company 2.1 Overview about imports activities of the company 2.1.1 Import turnover Import-business is the main activity of Tan An Company Limited Import turnover of the company has continually increased... 2 months studying and working in Tan An Co. , Ltd ., I have observed that to overcome the problems exist and improve business efficiency in the future, Tan An Co. , Ltd should pay more attention in the investigation, market research, improvement of import operations, reduce import costs, In addition, the 27 company need to have the support given from the state to solve some problems and achieve the goals... Currently the company imports wood from many countries, in which Cambodia, Indonesia, Myanmar, Laos is the main import markets Table 2.3 : Wood import markets of the Company (2011-2013) (Unit: thousands of dollars) No Country 2011 Value Proportion 2012 Value Proportion (%) 2013 Value Proportion (%) (%) 1 Lào 1.42 3,6 7 1,5 1.52 8,9 6 6,5 1.74 9,7 7 5,4 2 Cameroon 15 3,3 7,7 22 0,7 9,6 0 0 3 Indonexia 17 7,2 8,9 0 0... company in order to bring high profits, the company has a new strategy for the coming period In its import orientation till 202 0, the company focused on partners in Africa such as South Africa, Cameroon, Nigeria, In order to serve higher and higher demand, which requires quality, diverse samples, diffirent customers, Tan An Co. , Ltd is gradually change the import proportion between types of wood, increase... delivery bill, - Organize, save the vouchers, bills, paperwork, - Going to the bank to get the debit authorization, open a L/c, make the insurance, - Write a receipt, invoice, - Check the contract, correct the mistakes 3.3 Methods of implementation Before starting the translation, I usually skim through a turn to understand the basic content of the contract and then continue to translate Because... 99 160 29 2,8 2.29 9,1 2012 Proportion (%) 5 8,5 7,9 9,6 4,3 7 1 2,7 100 Value 2013 Proportion (%) 1.54 5,5 19 2,6 0 11 3,7 16 9,4 29 9,4 2.32 0,6 6 6,6 8,3 0 4,9 7,3 1 2,9 100 Source : Import-Export Department From the table above, we can see that pinewood has the highest proportion of the total import value of the company, its always remained from 58.5% to 66.6% With the other types of wood, it accounted from... behalf of the Company, except in cases falling under the jurisdiction of the president of the Council members - To submit final financial reports annually to the Council members Accounting Chamber: managing financial matters of the company, the problem of income and expenditure for production and business activities of the Company, paid salary to officials and employees of the Company Functions and main... 0 4 Campuchia 13 3,4 6,7 43 9,1 1 9,1 44 0,9 19 5 6 Others Total 5,2 100 11 0,4 2.29 9,1 4,8 100 130 2.32 0,6 5,6 100 10 3,5 1.991 Source : Import-Export Department Through Table 2. 3, we can see that Laos is the largest import market of the company, this is the market where the company set up operations for a long time to import wood Import turnover of the company from this market are high, from 66.5% to 75.4%... the financial cost specifically the interest expense was higher than the other years, which means that companies have to pay more for the bank's debt Achieve such positive results is due to the relentless effort of the whole company However, Tan An Company Limited has encountered some problems, difficulties, obstacles that reduce the operational efficiency of the company in 2014 It should be overcome... strategies and tactics of the company to better meet consumer needs, creating advantages over competitors, market development Functions and main tasks of business manager: - Operating any business activity Take responsibility and split these objectives, strategies and business - plans Develop business strategies, short-term and long-term planning, identify key indicators of sales, profits, dividing