Sustainable production and trade models always require procedures that are systematically built and meet the requirements of standards to ensure internal control is appropriate and effective.
The internal control system is the backbone that helps businesses operate the model systematically, always controlled and updated in accordance with changes in standards and other regulations.
With a lot of consulting experience, CRED’s experts will work with businesses to build an internal control system according to the following steps
System of the enterprise to grasp the level of conformity with the requirements of the applicable standard
To identify the necessary procedures, instructions and forms to be developed to meet the requirements of the standard and other relevant regulations
Ensure that it is suitable for the characteristics of the enterprise, practical and feasible to apply to ensure that it meets the requirements
To ensure that the procedures, instructions and forms are applied and implemented effectively and meet the requirements
Enterprises with a properly and effectively built internal control system will be the core factor to help enterprises maintain and develop sustainable production and business expansion according to many different standards/requirements
The Union for Ethical BioTrade (UEBT) standard is one of the sustainable standards that many businesses in the spice industry are interested in and want to implement, especially SMEs.
PHUC THINH EXPORT IMPORT INVESTMENT CORPORATION (PTEXIM) has certified organic for the Cinnamon raw material area with an area of 78 hectares and wishes to apply and certify additional UEBT standards to anticipate new customer needs. PTEXIM, with the advice and support of CRED, has built an internal control system for stakeholders including farmers, Binh An Cooperative and Phuc Long Cinnamon Processing Factory (subcontractor) in the form of combining the existing organic control system and the control system required by UEBT. This new integrated internal control system has helped PTEXIM not only save resources but also help them operate a sustainable Cinnamon production and business model simultaneously according to international organic standards and UEBT standards effectively. This has significantly contributed to PTEXIM’s successful registration and certification of UEBT standards and opened up opportunities to reach new customer groups in the European region based on UEBT’s network of members and partners.