Ho Chi Minh City rises 7 places in global financial center rankings

(NLDO) - Ho Chi Minh City ranked 98th out of 119 cities ranked by the Global Financial Centers Index (GFCI).

According to the GFCI - 37th edition (GFCI 37) recently released by Z/Yen Partners (UK) and the China Development Institute, Ho Chi Minh City ranked 98th out of 119 ranked cities, up 7 places compared to last year.

In the first ranking period of 2025, Ho Chi Minh City increased 25 GFCI points, reaching 654 points, ranked lower than Bangkok (Thailand) and Jakarta (Indonesia) but higher than Manila (Philippines) in the Southeast Asia region.

With the latest ranking of 98, this economic locomotive of Vietnam has increased 7 places compared to last year, also the highest ranking since the list was first listed in 2022.

In Southeast Asia, Singapore continues to maintain its 4th global ranking.

Ho Chi Minh City has had the idea of ​​building an international financial center for many years. Photo: Hoang Trieu

Globally, New York (USA) maintained its leading position with 769 points; followed by London (UK), Hong Kong (China) and Singapore. A total of 9 leading global cities maintained their rankings. Notably, in the top 10 leading cities, Seoul (South Korea) rose to 10th place, replacing Frankfurt (Germany).

The GFCI score is the result of a thorough analysis, combining objective data and expert opinion, to provide a comprehensive view of the competitiveness of global financial centers. The GFCI score is calculated using a variety of input factors, provided by parties such as the United Nations, the World Economic Forum, the World Bank, etc.

Ho Chi Minh City has had the idea of ​​building an international financial center for many years. By the end of 2024, the Politburo agreed in principle to the project of building a regional and international financial center in Vietnam. Specifically, establishing a comprehensive international financial center in Ho Chi Minh City and a regional financial center in Da Nang.

In early 2025, Ho Chi Minh City established a Steering Committee for the construction and development of a financial center with 29 members, headed by the Secretary of the Ho Chi Minh City Party Committee. The establishment of an international financial center is expected to create a foundation for the future growth of Ho Chi Minh City. This is also an opportunity for the city to attract international investors, increase FDI capital in various fields, and contribute to the country's economic growth.

Source: https://nld.com.vn/tp-hcm-tang-7-bac-tren-bang-xep-hang-trung-tam-tai-chinh-toan-cau-196250321193330659.htm