Foreign trade operation – bus1107e a05e report of group 1

_ Diplomatic and political relations with Vietnam The Government of Vietnam values friendship and cooperation with the Syrian Arab Republic and looks forward to further strengthening coo

[Foreign Trade Operation] — Group 1

FINANCE FACULTY OF ECONOMICS

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ĐẠI HỌC KINH TẾ TÀI CHÍNH

HO CHI MINH CITY UNIVERSITY OF ECONOMICS AND

FOREIGN TRADE OPERATION — BUS1107E.A05E

REPORT OF GROUP 1 Lecturer: Mr Nguyen Dang Khoa

1 | Dang Bảo Anh 215143283/e Introduction 16.67%

e Part3 (3.4)

2 | Truong Neuyén Ngoc Ha] 215143099) Part 2 (2.1; 2.2) 16.67%

3 | Tran Thi Xuan Hòa 21514330246 Part 2 (2.3) 16.67%

e Conclusion

edit the report

4| Lê Thanh Lộc 215143134 Part 3 (3.3) 16.66%

2.2.3 Regulations on origin Of QOOS: cà TH KH TH HƯU 8 2.2.4 Regulations on export/import tax applied †o gOOdS: - - - - Lành 9

TABLE OF FIGURE

Figure 1: Ambassador Luong Quoc Huy presented a letter to Syrian Foreign Minister Fayssal Al-

B010 s4) 59050 25

INTRODUCTION

When it comes to Vietnamese tea, we can't help but be surprised by the beauty of the cool green tea hills and the richness of teas with delicious flavors typical of each region Currently, Vietnamese tea is grown and produced throughout the country, from the North and South to the highlands such as Da Lat, Bao Loc, Son La, Dien Bien, Black tea is also known as Hong Tea is one of Vietnam's famous tea products, black tea accounts for 60% of Vietnam's total export

turnover of 300 million USD per year

Why, therefore, would one seek to export black tea from Syria? The second-biggest importer of dried black tea leaves worldwide is Syria Tea has deep cultural roots in Syria It is often served with hospitality and warmth, reflecting the country's traditions and social customs The act of sharing tea symbolizes friendship, respect, and connection among people As health awareness increases globally, consumers are becoming more conscious of the health benefits of tea Black tea, known for its antioxidants and potential health advantages, continues to attract health- conscious consumers

1 ABOUT THE MARKET

1.1 _ Diplomatic and political relations with Vietnam

The Government of Vietnam values friendship and cooperation with the Syrian Arab Republic and looks forward to further strengthening cooperation in many aspects with Syria, especially in infrastructure investment and trade Vietnamese Ambassador to Iran and Syria, Mr Luong Quoc Huy, presented his Credentials to the Syrian Foreign Minister, Mr Fayssal Al-Mikdad, after the Credentials Presentation Ceremony At the meeting, Mr Luong Quoc Huy conveyed President Nguyen Xuan Phuc's respectful greetings to Syrian President Bashar Al-Assad He also expressed

his admiration for an indomitable and resilient Vietnam in the war to protect the Fatherland and

achieved many great economic achievements in building and developing the country The Syrian Foreign Minister also expressed his desire to further strengthen political and economic relations with Vietnam During this time, Ambassador Luong Quoc Huy also had a meeting with Mr Median Ali Diab, General Director of the Syrian Investment Agency, to discuss market information, opportunities, and measures to promote investment between the two countries businesses of two countries Mr Median Ali Diab affirmed that Syria is a potential investment market for Vietnamese businesses, especially in the fields of agriculture, construction, and energy Vietnam and Syria, although not having many economic relations, still maintain political connections and wish to strengthen cooperation in many fields.(Dang, 2022)

Figure 1: Ambassador Luong Quoc Huy presented a letter to Syrian Foreign Minister Fayssal Al-Mikdad

(Source: Vietnamese Embassy in Iran)

1.2 Economic relations between two country

Syria and Vietnam have developed strongly in recent years According to a report from the Ministry of Planning and Investment of Vietnam, bilateral trade turnover between the two countries has increased from 40 million USD in 2010 to 60 million USD in 2020 Vietnam exports mainly textiles, garments and shoes sandals, seafood, coffee, rice and other industrial products, while importing petroleum and chemical products from Syria Vietnamese businesses have also participated in a number of investment projects in Syria, mainly in the fields of construction and manufacturing.(Thuvienphapluat, 2024)

Although economic relations between Syria and Vietnam have not developed to a great extent, there have been some positive signs:

Export and import: Vietnam exports goods mainly including textiles, footwear, seafood, coffee, rice and other industrial products to Syria Meanwhile, Vietnam imports oil and chemical products from Syria This shows that there is diversity in trade relations between the two countries

Investment projects: Vietnamese businesses have participated in a number of investment projects in Syria, mainly in the construction and manufacturing sectors This can create opportunities for cooperation and experience sharing between businesses of the two countries

Development potential: Although there are still many challenges, strengthening economic cooperation between Syria and Vietnam can bring benefits to both sides Vietnam and Syria should continue to seek cooperation opportunities in different fields to develop economic relations and promote sustainable development

In summary, although there is still much potential for development, economic relations between Syria and Vietnam are gradually affirming cooperation and diversity in trade and investment

1.3 Market demand for research product

Market demand for research items between Syria and Vietnam has undergone many changes

in recent times Let's explore some related aspects:

1.3.1 Effects of Covid-19:

Covid-19 epidemic has had a strong impact on sellers and buyers globally In Vietnam, the strict implementation of state instructions on quarantine and social distancing has made eating out difficult for both sellers and buyers Many restaurants and eateries were forced

to close or reduce the number of customers due to concerns about spreading the disease This has influenced the need for research on food and cuisine

Take-away and online delivery model has become the solution for many restaurants and eateries Customers can order food directly through food ordering applications such as Shopee Food, GoFood, GrabFood This has created a recruitment need for shippers in the F&B industry

60% of people do not like to cook for themselves and prefer to order pre-prepared

1.3.2 Invest in renewable energy:

Vietnam is promoting investment in the field of renewable energy This creates a need for research into clean, efficient and sustainable energy solutions

Businesses need to collect and publicize research information and data, improve data quality to support investors in learning about strategies and policies related to renewable energy

1.3.3 Market demand:

Market demand is the needs and desires of customers for a certain service or product on the market This also applies to research items Research in food, renewable energy and other fields depends on market demand.(Công thông tin điện tử Bộ Công Thương, 2021) Thus, the market demand for research products between Syria and Vietnam is changing with time and socio-economic situation Businesses and researchers need

appropriate orientation to meet this need

2 ABOUT THE PRODUCT: CUTTING SYSTEM OF SHELLING MACHINE

Viet Nam: Black tea is not on the list of restricted or prohibited exports, so it can continue to

be exported normally in accordance with the law Export enterprises carry out normal procedures and do not need to apply for a license Tea export customs documents comply with Clause 5, Article 1 of Circular 39/2018/TT-BTC (amending Article 16 of Circular 38/2015/TT-BTC)

Syria: Enterprises wishing to import black tea must comply with the requirements of the government and relevant authorities, including regulations regarding quality, safety, and environmental protection Specific regulations can be found in the legal documents related to import and export activities in Syria

2.2.2 Export/import standards for goods:

Export standard of Vietnam: Vietnam does not have any specific regulations regarding the

export of black tea The importing country's requirements for product quality, safety, and environmental protection, however, govern exported goods Businesses that export machinery need to make sure that their products meet global market standards and requirements For this, you might need the relevant licensure legal documentation, including the ISO Quality Certificate, CFS,

and among others

Import standard of Syria: For the corporation to import black tea into Syria, adherence to

national technical and safety norms is required Afew examples of requirements include inspection

reports, product registration certificates (RPCs), certificates of origin (COs), certificates of quality (CQs), and GMPs (certificate of conformance) Standard specifications for quality assurance To lower the danger of legal and financial issues, businesses should thoroughly understand these regulations before conducting an import.(Céng thong tin điện tử Bộ Công Thương, 2021)

The General Department of Customs reports that tea exports in 2020 were 135 thousand tons, valued at 218 million USD This is a 1.8% decrease in volume and a 7.8% decrease in value when compared to 2019 Export Value All tea varieties were priced on average at 1,613 USD per ton,

which is 6.2% less than in 2019

74 nations and territories now receive Vietnamese tea exports With over 70% of the volume

and over 70% of the export value of Vietnamese tea, Pakistan, Taiwan, Russia, Indonesia, and China remain the country's top 5 markets

Because of the Trade Agreement that Vietnam and Syria have signed, VIETNAM BLACK TEA Go., Ltd is able to export black tea to Syria with an export certificate

One of the key paperwork in the shipment of commodities from Vietnam to Syria is the C/O form type , or Certificate of Origin Form B This certification, which is provided by the Vietnam Chamber of Commerce and Industry (VCCI) and its approved branch, certifies the provenance of the things

The specific requirements for goods to be granted C/O form type may vary depending on the regulations of each country However, usually, the general requirements for goods to be granted C/O form type include:

e Present records attesting to the provenance of black tea A purchase invoice from the

manufacturer, a shipment invoice, or records attesting to the production process might be

examples of this

and exporting nation's origin laws

A set of machinery export customs documents includes the following papers:

2.2.4 Regulations on export/import tax applied to goods:

Export duties of Vietnam: Exin 30 days of registration of customs declarations

Permanent customs duty and taxes of Syria: VAT collected by the customs office is based

on the single rate of 10 percent

2.3 Types of documents for export

2.3.1 Booking Note

Booking Note is the storage agreement, which is evidence of the ownership of the carrier

to operate the transfer of goods Normally, shippers often make reservations through forwarding companies or logistics companies, or can also receive directly from airline companies and airlines

(not many).(dhslogistic.com, 2022)

Main content:

Booking number (Booking no,)

Vessel name, trip number (vessel, voyel no)

Estimated train departure and arrival times (ETD, ETA)

Information on the number and types of containers, expected cargo volume, and type of goods information

Name of loading port, unloading port, transshipment port (if any)

Location for picking up empty containers, location for unloading cargo containers (with

FCL goods),

Warehouse location and packing time (for LCL goods)

Closing time, VGM cut-off time, Shipping Instruction cut-off time

Carrier contact information

2.3.2 Sales Contract:

Sales Contract means agreement (contract) between a buyer and a seller in two different

countries on the purchase and sale of goods (foreign trade)

Main content:

for the goods

The buyer is called the importer, transfers money to the exporter and receives the goods Commodity: description of the goods

Quality: product quality

Quantity: Quantity, weight of goods

Price: unit price, with commercial terms (eg FOB port of loading)

Shipment: term, delivery place

Payment: method, payment term

2.3.3 Commercial Invoice:

Commercial Invoice or commercial invoice (Cl) for short is a type of commercial document used to pay for the value of goods between the exporter and importer A standard

commercial invoice will include the following information: goods characteristics, import price,

quantity, total value of goods, delivery conditions, payment method, shipping, (Linh, 2023a) Main content:

e Buyer (Buyer/Importer): Include complete details such as firm name, contact information for the representative, email address, bank account information, etc

Seller (Seller/Exporter): Additionally rich in data, such as the buyer's information

Invoice number: The number of standard and valid abbreviations specified by the export supplier on the commercial invoice

recently the date of trade of the merchandise

e Payments: Here are a few prevalent strategies: T/T; L/C; SKIN; D/P is well known presently and the foremost well known is T/T

number of packages can be calculated by bag/piece/piece/carton so that you just can attempt to calculate the sum of products to pay

Country of origin of goods: To know the origin

Incoterms conditions: Record the same specific location of the exporting party (eg CIF HN,

Vietnam)

e Total amount (Amount): the full esteem of the trade merchandise receipt, more often than

not the sum expressed in both numbers and words

In addition, on Commercial Invoice there will also be some other common information

such as: POL - port of loading / POD - port of discharge, ship namedrip number, Destination -

often coincides with POD or discounts Prices, discounts, etc are attached

2.3.4 Packing List:

The Packing List: Usually a point by point pressing slip The substance of this type is extremely detailed and particular, which is additionally the foremost favored sort of pressing list nowadays As of now, within the moment and send out industry, individuals are utilizing the taking

after 3 fundamental Pressing List formats: (Linh, 2023b)

extremely detailed and particular, which is additionally the foremost favored sort of pressing list nowadays

Neutral Packing List: This type does not show the seller's name and is rarely used Packing and Weight List: This is the packing slip with the weight list of the goods

Buyer and seller information: Sender — consignee (shipper — consignee: Name, address, Tel, Fax of the purchasing business)

Information about the goods: Product name — Weight (G.W- N.W-CBM) — packaging description Packing: number of crates, boxes, packages packed according to the unit below Cargo operation information: Port of loading - port of discharge (POL _POD)

Packing List release date: Number and date on Packing List

Conditions of sale according to Incoterm: Terms of purchase and sale of goods

Information on loading port and unloading port: Port of Loading — Port of Destination

At the end of the Packing List, there needs to be confirmation from the seller: Sign and stamp at the end of the Packing List

2.3.5 Bill of Lading:

The bill of lading is one of the most important shipping documents you’ll encounter as you begin

to move your cargo around the world In this article we explain what it is and why it’ s the key to unlocking international logistics (MAERSK, 2023)

Consignee information: There are numerous distinctive ways of communicating it, based

on the purport and trade contract

Noticed Party: Enter the same as the consignee item

Name of vessel: Each type of cargo ship at sea will have its own name, code of each voyage and shown on this document

Port of loading and unloading: The title and address of the put of stacking and emptying from the vessel are moreover recorded

Commodity information: Communicated through the HS code and the common title of the

shipment

Number of packages, packing method: Data indicating the number of bundles, the number

of boxes, the number of holders 15

Container number, thread number: Record numbers called holder codes and fixing markers

to back conveyance affirmation, stacking and emptying

Information about mass and volume: Each shipment will have a distinctive weight and tare volume, which additionally appeared to serve the conveyance, stacking and emptying Fee information: Expenses will be clearly shown in terms of the sum, the sum of the charge

in a common way in terms of the frame paid or receivable Some of the time there's too much data with respect to where to pay

Date: Appears the date the merchandise is stacked on the dispatch, authoritatively conveyed to the shipping unit There's too much data around the time of conveyance of the charge of filling, and the address of the issue

e Original bill of lading number: Appears how numerous firsts were discharged and not more often than not 3

2.3.6 Customs Declaration:

ACustoms Declaration is a document that the goods owner (or vehicle owner) must declare about

the shipment (or vehicle) when exporting or importing (entry and exit) into and out of the territory Before Decree 08/2015/ND-CP, the law required paper bag disclosure As of right now, Decree 59/2018/ND-CP is in force, which specifies situations where the customs declarant can choose to declare electronically or customs declarations To put it another way, whereas previously the e- customs declaration was taken as the base and in statutory cases it was declared on the paper customs declaration, the law now places these two forms in parallel and the customs declarant can

do one of those two methods (Thu Vién Pháp Luật, 2024)

In Clause 12, Article 1, Decree 59:

of national security

Cargo is a means of rotating goods by the mode of temporary import - re-export, temporary

export - re-import (empty container 16 with or without hanger; soft tank lined in container

to store liquid goods)

work within a certain period of time in case of carrying passengers on exit or entry

2.3.7 Certificate of Origin:

Certificate of origin of goods: This is a document issued by a competent organization or agency in the country or territory of the exported goods The issuance of a certificate of origin is based on regulations and requirements related to origin in order to indicate the origin of such goods

(Vinacontrol, n.d.)

Main content:

Name and address of the person exporting and importing the goods

Transport criteria include

Criteria for goods include

Criteria on origin of goods include

Certification by the competent authority in the exporting country

2.3.8 Health Certificate

A health certificate (abbreviated as HC) issued for food, food additives, and processing aids; tools, packaging materials, and food containers when requested by organizations or individuals A mandatory license for exported food when requested by the importer.(C.A.O, n.d.) Components of application for Health Certificate:

1 Application for issuance of Health Certificate (according to the form specified in Appendix 08);

2 Product testing result sheet for each item in the export shipment, including criteria required by

the corresponding Technical Regulations (for products with Technical Regulations) or quality

criteria main quantity, safety criteria according to regulations (for products without technical regulations), information on item name, batch number, production date, expiry date provided by the designated testing laboratory or testing laboratory Accredited independent testing or accredited testing laboratory (Original or certified copy)

3 Product label sample (Copy certified by the organization or individual)

4 Business certificate

5 Certificate of establishment meeting food safety conditions at the production facility

6 Product quality announcement or product self-declaration

2.3.9 Marine Insurance Policy

Amarine insurance contract is a contract established in writing, under which the insured must pay

the agreed premium and the insurer undertakes to compensate the insured for marine losses that fall under their responsibility Insurance liability according to agreement (VietnamBiz, 2020) 2.3.10 Phytosanitary Certificate

Plant quarantine certificate is a certificate issued by the food protection and quarantine agency to the goods owner This form of paper is used to confirm that the goods are plants or plant products that do not contain toxic fungi, insects, etc that can cause diseases to plants on the route

or destination of the goods.(SIMBA GROUP, n.d.)

Important information contained in the phytosanitary certificate includes:

Name and address of the exporter;

Recipient name and address;

Quantity and type of packaging;

Code;

Where production;

Transportation;

Import door;

Product name and volume;

Scientific names of plants,

2.3.11 Quality and Quantity Certificates

Quality: is a document certifying that the goods have quality consistent with the manufacturer's standards or international standards The role of quality certificate is for the seller

to show his commitment to the buyer about the quality of the goods This document is not required

3.1 Foreign trade contract illustration

A sales contract, also known as a sales agreement or a purchase agreement, is a legally binding document that outlines the terms and conditions of a sales transaction between a buyer and a seller It serves as a written record of the agreement reached between the parties involved and helps protect their rights and responsibilities

The following international trade contract describes the business transaction between a Vietnamese company exporting goods to a business in Syria - a country in the Middle East Looking at the contract, we can see that the contract draft date is July 14, 2021 and the contract number is 01FG-KAB/11

This contract provides some basic information about exporting company and importing company