The 39th edition of the Global Financial Centres Index (GFCI 39) has just been released by Z/Yen Partners (UK) and the China Development Institute. With a total score of 665, Ho Chi Minh City is recognized as one of the centers with the strongest improvement in ranking among the mid-tier cities, rising 11 places to 84th out of 120 cities.
In the financial technology (Fintech) category alone, the locality rose 7 places to 83rd.
With significant progress, Ho Chi Minh City surpassed Jakarta (ranked 86th) to enter the top 3 of the GFCI ranking in Southeast Asia, behind Singapore (ranked 4th) and Kuala Lumpur (ranked 42nd). In the previous ranking in September 2025, the city ranked 4th in the region and surpassed Bangkok for the first time. Currently, the capital of Thailand is ranked 100th globally.
Vietnam's economic powerhouse has also been included in a group of 15 financial centers that experts believe will become even more important in the next 2-3 years. The city received 21 mentions in 24 months, sharing the list with Dubai, Singapore, Riyadh, Astana, Abu Dhabi, Hong Kong, and Shanghai.
Global Financial Centres Index (GFCI) for cities in Southeast Asia:
|
Rating time |
Ho Chi Minh City |
Singapore |
Manila |
Bangkok |
Kuala Lumpur |
Jakarta |
|
March 2022 |
102 |
6 |
100 |
61 |
48 |
69 |
|
September 2022 |
104 |
3 |
103 |
79 |
56 |
95 |
|
March 2023 |
112 |
3 |
108 |
71 |
58 |
83 |
|
September 2023 |
120 |
3 |
102 |
86 |
80 |
95 |
|
March 2024 |
108 |
3 |
101 |
93 |
77 |
102 |
|
September 2024 |
105 |
4 |
110 |
95 |
59 |
97 |
|
March 2025 |
98 |
4 |
103 |
96 |
51 |
97 |
|
September 2025 |
95 |
4 |
104 |
102 |
45 |
91 |
|
March 2026 |
84 |
4 |
102 |
100 |
42 |
86 |
Ho Chi Minh City is one of two locations for the Vietnam International Finance Centre, following the "one centre, two destinations" model, along with Da Nang. The International Finance Centre in Ho Chi Minh City officially commenced operations on February 11th.
At an event in late February, Deputy Prime Minister Nguyen Hoa Binh, who is also the Chairman of the Executive Council of the Vietnam International Finance Center, stated that the successful construction and operation of the finance center is part of a strategy to innovate the growth model, aiming for high and sustainable growth.
"A modern international financial center helps upgrade capital markets, directly connect with global capital flows, diversify financial products, promote green finance and digital finance, and support infrastructure, technology, clean energy projects and key sectors," he said.
Globally, New York (USA) maintained its leading position with 767 points. This was followed by London (UK), Hong Kong (China), and Singapore. Among the top 10 cities, Dubai and Tokyo entered the top rankings, replacing Chicago and Los Angeles.
The GFCI score is calculated using 147 input factors, provided by third parties including the United Nations, the World Bank, and the Organization for Economic Cooperation and Development (OECD).
In addition, cities are also scored through online surveys. These inputs will contribute points to various component criteria such as policy quality, investment management, insurance, banking, level of financial sector development, human resources, infrastructure, and overall reputation.
The final GFCI score is the sum of the criteria scores, determining the ranking of cities' competitiveness in the financial center sector. This result is often used as a reference by policymakers and investors.
Source: https://vnexpress.net/tp-hcm-tang-11-bac-xep-hang-trung-tam-tai-chinh-toan-cau-5055699.html
