Updated on September 25, the Vietnamese representative scored 664 points, 10 points more compared to the 37th GFCI publication. Meanwhile, Bangkok dropped six places, ranking 102/120 cities in the index with a score of 657 points.

The GFCI score is based on 145 input factors, provided by third parties including the United Nations, the World Economic Forum (WEF), the World Bank (WB), Transparency International, the World Wide Web Foundation and others.

In the latest rankings, the two leading cities are New York (USA) and London (UK). Hong Kong (China) holds the third position among the world's largest financial centres. Southeast Asian representative Singapore maintained its 4th position in the rankings.

Others in the Top 10 are San Francisco, Chicago, Los Angeles of the US; Shanghai and Shenzhen of China; Seoul of the Republic of Korea; Dubai of the UAE; Frankfurt of Germany.

Assoc. Prof. Dr. Nguyen Huu Huan from the University of Economics HCM City commented that HCM City is among the financial centres expected to gain increasing importance over the next 2–3 years. Its continuous rise in the rankings indicates that HCM City is moving in the right direction to enhance its financial competitiveness and narrow the gap with regional centres like Singapore.

Vietnam has decided to build an international financial centre to be located in both HCM City and Da Nang. It aims to make the HCM City building among the top 75 global financial centres by 2035.

Vietnam seeks German assistance to financial centre development

VOV.VN - Deputy Prime Minister Nguyen Hoa Binh encouraged German businesses to study and invest in international financial centres that are to take shape in the future in Vietnam, during a roundtable in Frankfurt on March 24.