In the first 9 months of 2023, Nam Ha Tinh Seafood Import-Export Joint Stock Company produced only 230 tons of products with revenue of nearly 2.8 million USD, reaching 56% of the yearly plan.
Since December 2022, Japan has applied an equivalent mechanism on illegal, unreported and unregulated (IUU) fishing regulations of the European Union. Therefore, goods exported to the Japanese market must be IUU certified. This has directly affected the production and business process of Nam Ha Tinh Seafood Import-Export Joint Stock Company.
Production activities at Nam Ha Tinh Seafood Import Export Joint Stock Company
Mr. Nguyen Xuan Tho - Production Director of Nam Ha Tinh Seafood Import-Export Joint Stock Company said: “The company's export market is 100% Japan, so with this new regulation, we have to be more careful in finding raw materials for production. The company has imported raw materials from Indonesia - a production area that clearly ensures IUU travel documents. In addition to 60% of imported raw materials, the company also directly purchases in provinces with large seafood catches, ensuring IUU certification such as: Hai Phong , Quang Ninh, Thanh Hoa”.
To ensure export standards, Nam Ha Tinh Seafood Import-Export Joint Stock Company also strengthens the implementation of IUU control solutions throughout the entire production chain; from exploitation, purchasing, transportation, reception, processing, preservation, and export. All processes ensure traceability information and food hygiene and safety standards.
Workers of Nam Ha Tinh Seafood Import-Export Joint Stock Company process raw materials.
Not only bound by export regulations, Nam Ha Tinh Seafood Import-Export Joint Stock Company also faces many difficulties when consumption in the Japanese market has decreased sharply. Due to fluctuations in the yen exchange rate, inflation has tightened the spending of Japanese consumers. Therefore, the consumption of Nam Ha Tinh Seafood Import-Export Joint Stock Company has also "slipped", orders decreased by more than 30% compared to the same period.
“In the context of many difficulties, the company has made efforts to find customers and expand its partners, but is not very optimistic when other markets such as Europe have more stringent requirements. Surrounded by difficulties, the company has made every effort to maintain the old market to create jobs for workers,” said Mr. Pham Van Tuc - Deputy General Director of Nam Ha Tinh Seafood Import-Export Joint Stock Company.
Breaded sushi products exported to the Japanese market
According to statistics of Nam Ha Tinh Seafood Import-Export Joint Stock Company, in the past 9 months, the company has produced 230 tons of sushi squid for export to the Japanese market, thereby achieving revenue of nearly 2.8 million USD, reaching 56% of the production plan for the whole year 2023 (the company's plan in 2023 is to produce about 500 tons of sushi squid, achieving revenue of about 5 million USD).
Despite difficulties, in recent times, Nam Ha Tinh Seafood Import-Export Joint Stock Company has still made efforts to invest and upgrade machinery and equipment lines to improve production and business efficiency. In addition to 1 refrigerated truck, the company has also overhauled and repaired processing lines with various types: freezing machines, vacuum machines, etc. The total investment in upgrading machinery is about 1 billion VND.
Nam Ha Tinh Seafood Import-Export Joint Stock Company has just recruited 60 more workers.
From the end of the third quarter of 2023, the consumption market in Japan is forecast to show signs of improvement, opening up new expectations for Nam Ha Tinh Seafood Import-Export Joint Stock Company to complete its 2023 production plan. The company has just recruited 60 more workers, bringing the total number of current employees to 210 to "anticipate" the year-end Tet market. However, this goal is still arduous.
Phan Tram - Thu Phuong
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