According to the 37th edition of the GFCI, published on March 20 by Z/Yen Partners (UK) and the China Development Institute, Ho Chi Minh City’s score increased by 25 points, reaching 654 in this latest assessment.
Among Southeast Asian financial hubs, Ho Chi Minh City ranks below Singapore, Kuala Lumpur (Malaysia), Bangkok (Thailand), and Jakarta (Indonesia), but stands above Manila (The Philippines).
The index is led by New York with 769 points, followed closely by London, Hong Kong, and Singapore.
Positions five through nine in the Global Financial Centres Index (GFCI) remain unchanged, with San Francisco, Chicago, Los Angeles, Shanghai, and Shenzhen holding steady. Notably, Seoul has re-entered the top 10 in this edition.
The Global Financial Centres Index (GFCI) assesses the competitiveness of financial centers using 140 instrumental factors, with data sourced from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the United Nations.
Ho Chi Minh City has long envisioned the establishment of an international financial centre.
