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ABSTRACT Overseas trade plays a vital role in the development of the world economy in general and in each country in particular Export and Import are two activities supporting each other because export activity brings capital for imports aiming to industrialize the country Hence, it creates a number of jobs which leads to help reduce the unemployment rate and improve the living standards Foreign trading allows countries to take part in the international division of labor, economic development, and enrichment of the country Currently, Viet Nam holds high export ranking especially in machinery including computers and equipment, clothing, accessories, foods, electronics, rice, fruits and especially cashew nuts Vietnamese cashew industry is grower and grower when exporting raw cashew nuts at first and now exporting with the majority of export cashew products From that point, Vietnam is the country ranked as the first for cashew export, the second for cashew processor and the third for the productivity and the yield of cashew in the world Two import markets of cashews from Vietnam are the USA and Europe More and more companies operating cashew nut field in Viet Nam are founded to meet increasing demands of customers and importers It is the development of Vietnamese cashew industry that attracts me to learn more about this field by choosing the process of cashew export as my topic for my final internship I firmly believe this topic will give me an amount of interesting and useful information for my study about the process of exporting cashew nuts from Viet Nam To make sense of it, my topic “The Process Of Exporting Cashew Nuts To The US Market In Thai Gia Son Company Limited” includes these contents: Chapter is of the overview of the company through the last years Chapter is about the process of cashew export to the US market in Thai Gia Son Company Limited Chapter is of the evaluation and recommendations for the process at THAIGIASON Co., Ltd TABLES OF CONTENT ABSTRACT……………………………………………………………………………….i TABLES OF CONTENT…………………………………………………………………ii ACKNOWLEDGEMENT………………………………………………………………iv LISTS OF FIGURES………………………………………………………………… v LIST OF TABLES………………………………………………………………………vi ABBREVIATIONS…………………………………………………………………….vii INTRODUCTION……………………………………………………………………….8 CHAPTER THE OVERVIEW OF THAI GIA SON COMPANY LIMITED……… 1.1 Overview of Thai Gia Son Company Limited………………………………………1 1.1.1 The introduction about the company 1.1.2 The vision and mission of the company 1.2 The organizational structure 3 Types of commodities the company provide .5 1.4 The human resources and some photos involved in cashews processing at Binh Phuoc Cashew Processing Factory 14 1.4.1 Human resources 14 1.4.2 Some photos involved in cashew processing at Binh Phuoc Cashew Processing Factory 15 1.5 The operation situation of the company .17 1.6 The partners of the company 19 CHAPTER THE PROCESS OF CASHEW EXPORT TO THE US MARKET IN THAI GIA SON COMPANY LIMITED .20 2.1 Overview of the export cashew nut process of THAIGIASON CO., LTD 20 2.1 The process of cashew export to the US market 20 2.1.1 Negotiation and signing contract 20 2.1.2 Preparing goods for export 21 2.1.3 Buying the insurance for the export commodities 22 2.1.4 Contacting the shipping line or shipping agent 23 2.1.5 Customs declaration and shipping the cargos .26 CHAPTER EVALUATION AND RECOMMENDATION 28 3.1 Conclusion about THAIGIASON CO., LTD 28 3.1.1 The strengths and disadvantages of the company 28 3.1.2 The development directions 28 3.2 The evaluation 29 3.3 The recommendation 29 CONCLUSION 30 REFERENCES 31 ACKNOWLEDGEMENT In the process of doing the graduation paper, not only have I faced up to many problems in collecting reference materials but also got difficulties in choosing the right way to express my ideas I would like to thank all teachers of University for their precious and useful lessons during the time study which is then the foundation of this graduation paper Especially, I would like to express my deepest gratitude and indebtedness to my lecturers who have always been most willing and ready to give me valuable advice, suggestions, and materials to finish this report Last but not least, I also wish to extend my many thanks to my family for financial support, time and encouragement to prepare, look for and collect the necessary information to perform this project work In addition, I would like to thank my best friends for giving suggestions and encouraged me during the time of doing this report Once again, I would like to say “Thank you so much” to everyone who helped me complete this training report May, 2019 LISTS OF FIGURES Figure 1: The logo of thai gia son company limited .3 Figure 2: The organizational structure of thai gia son company limited Figure 3: The kinds of commodities of the company Figure 4: Main cashew products of thai gia son company limited Figure 5: Raw cashew nuts Figure 6: W180 nuts Figure 7: W240 nuts Figure 8: W320 nuts Figure 9: W450 nuts Figure 10: White butts Figure 11: White splits .9 Figure 12: Small pieces Figure 13: Scorched whole 240 (320) 10 Figure 14: Dessert whole .10 Figure 15: Baby bits .11 Figure 16: Light blemish whole 240 (320) .11 Figure 17: Cashew with skin - a white whole large cashew nuts ww320 (exporting standards) 11 Figure 18: Turmeric powder 12 Figure 19: White pepper 12 Figure 20: Crushed pepper .13 Figure 21: Star aniseed 13 Figure 22: Tube cinnamon a 13 Figure 23: Unwashed arabica coffee r2 s13 clean 14 Figure 24: Washed arabica coffee r2 s13 clean 14 Figure 25: The overview of the salary for the staff of the company .15 Figure 26: Some photos involved in cashew processing at binh phuoc cashew processing factory 16 Figure 27: Some photos involved in cashew processing at binh phuoc cashew processing factory 17 Figure 34: The operation situation of the company .18 Figure 29: The opponents of the company .20 Figure 31: The process for exporting cashew products at thai gia son company limited 21 Figure 38: The information included in a proforma invoice 22 Figure 31: The process for inspection 27 Figure 30: The strengths and disadvantages of the company 29 LIST OF TABLES Table 1: The operation situation of the company 18 ABBREVIATIONS - PL: Packing List - B/L: Bill of Lading - VCCI : Vietnam Chamber of Commerce and Industry - VNACCS : Vietnam Automated Cargo Clearance System - C/O: Certificate of Origin - POL: Port of Loading - POD: Port of Delivery - ETD: Estimated Time - DEM: Demurrage - DET: Detention - SMS: Short Message Service - SI: Shipping Instruction - D/O: Delivery Order - FCL: Full Container Load - LCL: Less Than Container Load - MBL: Master Bill of Lading - HBL: House Bill of Lading - CFS: Container Freight Station fee - CY: Container Yard - L/C: Letter of credit - TCS: Terminal Cargo Service - MAWB: Master Air Way Bill - HAWB: House Air Way Bill - SCSC: Saigon Cargo Service Cooperation - TCS: Tan Son Nhat Cargo Services Company Limited INTRODUCTION International business is one of the most interesting fields of study today And of course, the professional competences in this study are various, abundant and have many unexpected changes so the students are often elusive if they just learn theoretically Thus, internship is the best way for students to grasp every aspect of this study Here is the report which shows you my practising process at Thai Gia Son Company Limited Chapter is of the overview of the company through the last years Chapter is about the process of cashew export to the US market in Thai Gia Son Company Limited Chapter is of the evaluation and recommendations for the process at THAIGIASON Co., Ltd CHAPTER THE OVERVIEW OF THAI GIA SON COMPANY LIMITED 1.1 Overview of Thai Gia Son Company Limited 1.1.1 The introduction about the company THAGISON was founded at the beginning of 2006 by the Thai brothers who are proficient in global exchange with the first company’s name of Private Enterprise, focused on manufacturing – processing – supplying for local market only In 2006, the company was transformed into Company Limited with its headquarter in Ho Chi Minh City The company has experienced rapid growth after 12 years of operation In 2007, to upsurge product’s quantity and enhance quality control, the company built a pepper manufacturing plant in Binh Duong with complete setup containing the newest equipment and manufacture lines for manufacturing all types of pepper to satisfy the market’s stringent standard In 2010, the company set up a cashew processing plant in Binh Phuoc, the center of Vietnamese cashew with the elementary structure of plant for manufacturing raw cashew nuts into cashew kernel The company currently keeps upgrading the infrastructure gradually to reach ISO/HACCP standard and higher in 2011 Cashew kernel packing technology is also advanced Besides, the company is dealing with other agriculture merchandises including Coconuts, Coffee, Rice, Cinnamon, Turmeric, Ginger, Tea The company has also expanded its market into many other foreign countries such as U.S.A, India, Germany, India, Turkey, Singapore, Korea, and so on, Currently, the company has a good reputation for good product’s quality, reasonable price and punctual shipment, which gained belief from both local consumers and international ones Below is the basic information about the company: Company name: Thai Gia Son Company Limited The owner: Thai Doan Nghia and Thai Doan Long The legal representative: Thai Doan Nghia The tax code: 0304915489 HEAD OFFICE Address: 220/37/1 Road No 10, Ward 9, GoVap Dist, HoChiMinh City, VietNam Telephone number: +84 28 62892639 Fax: + 84 28 62950079 Email: thainghia@thagison.com BINH DUONG PEPPER PROCESSING FACTORY Address: 34/16 Binh Phuoc A hamlet, Binh Chuan commune, Binh Duong province Email: thainghia@thagison.com or thagison@thagison.com BINH PHUOC CASHEW PROCESSING FACTORY Address: Dong Tien hamlet, Phuoc Tan commune, Bu Gia Map dist, Binh Phuoc province Telephone number: +84 271 736420 Fax: +84 271 736419 Email: thailong@thagison.com Figure 1: The logo of Thai Gia Son Company Limited 1.1.2 The vision and mission of the company Thai Gia Son is continuously struggling for the robust growth of its two main foods: pepper and cashew They also focus on products’ quality to approve Thagison’s brand and also to subsidize to bring Vietnamese agricultural merchandises to an advanced level on global markets Their vision is: “Create new value for Vietnamese flavor” The company’s mission is demonstrated as followings: • Capitalizing intensely in infrastructure, human resource and quality controlling procedure to enlarge the manufacturing capacity and improve the quality of two main products • Increasing the supply of other agricultural goods to more international markets to upsurge company capacity and generate more profit • Increasing collaboration with deliberate associates to improve the competitiveness of the company’s development in the future • The picture in the left of the row showing two employees fill the processed cashew nuts into the sorting machine • The picture in the right of the first row showing that the precious kernels are transported on this sorting machine • The picture in the left of the second row showing the employees have to wear mask, overalls, hair net to meet the strict hygiene regulations The picture in the third row showing the labor-intensive manual sorting is exclusively done by women 1.5 The operation situation of the company From the beginning of the company foundation, it always makes efforts with the aim to develop the company better and better Below is the table showing the turnover of the company in the recent years Table 1: The operation situation of the company (Source: The Accounting Department) Operation Norm The turnover 2015 2016 2017 2018 13,042,000 14,152,000 18,255,000 18,633,000 20,000,000 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 The turnover 8,000,000 6,000,000 4,000,000 2,000,000 2015 2016 2017 2018 Figure 28: The operation situation of the company (Source: The Accounting Department) ... Chapter is of the evaluation and recommendations for the process at THAIGIASON Co., Ltd CHAPTER THE OVERVIEW OF THAI GIA SON COMPANY LIMITED 1.1 Overview of Thai Gia Son Company Limited 1.1.1 The introduction... quality meeting the conforom conforom to AFI standards and the ISO/HACCP standards The inspection used for this kind of goods is SGS W450 also meet the conforom conforom to AFI and ISO/HACCP standards... them relaxed and to increase the solidarity among them Furthermore, the company will consider each employee’s ability and endeavor to pay them the suitability salary The wage is arranged as the