HSBC Introduces Online Import-Export Trading Services
The Hong Kong and Shanghai Banking Corporation (HSBC) on July 5 launched online import-export trading services (ITS) to facilitate international business transactions.
With the new services, enterprises could carry out a series of transactions activities via the Internet such as open Letter of Credit and adjust L/C, and transfer export L/C, and paying invoices.
ITS is an effective measure to handle transactions faster, saving time for businesses and their clients, said Alain Cany, General Director of HSBC Vietnam.
Recently, HSBC has launched the “Guide to Cash and Treasury Management in Asia Pacific 2006” to companies in Vietnam. The guide introduces articles written by 60 industry experts from 17 countries and territories in the Asia Pacific region.
The book especially highlights new trends in cost control at companies. HSBC points that the rising costs of capital for multinationals and local firms means companies are looking for new ways to control costs more efficiently.
The HSBC Group, one of the world's largest banking and financial services organizations, has had a foothold in Vietnam since 1992 and has opened two branches in Hanoi and Ho Chi Minh City and a Can Tho City-based representative office.
Vietnam Economic Times
Vietnamese
