Best Monetary Management Methods for Enterprises

FinanceAsia Group cooperated with the Foreign Relations Service Centre (Foreign Affairs Department in Ho Chi Minh City) under the sponsor of HSBC to organise a seminar on best money management methods for enterprises in Ho Chi Minh City. This is the first of a series of related monetary management events to be held in developing countries in Asia.

 

Mr Manny Narciso, chief of HSBC’s global payments and cash management division in HCM City, stressed the important role of enterprises in managing their cash via bank services. Challenges for Vietnamese enterprises are the good management of working capital, keeping of customers and keeping capable employees. If enterprises manage these three factors well, they will manage money well.

 

At this event, HSBC also introduced the book “HSBC: Managing capital and money in Asia Pacific in 2008.”

 

L.T.T