According to the newly released 38th Global Financial Centres Index (GFCI 38), Ho Chi Minh City ranks 95th out of 120 cities, up three places compared to the assessment in March. Compared to 2024, Ho Chi Minh City has risen a total of 10 places in the rankings.
Notably, in the latest index, Ho Chi Minh City unexpectedly surpassed Bangkok (Thailand) in the ranking of international financial centers.
Specifically, Ho Chi Minh City rose three places, from 98th in GFCI 37 to 95th in GFCI 38, with a score of 664 (up 10 points). Meanwhile, Bangkok fell six places, ranking 102nd out of 120 cities with a score of 657.
The GFCI score is calculated based on 145 input factors provided by third parties, including the United Nations, the World Economic Forum (WEF), the World Bank (WB), World Wide Web Foundation, and other organizations.
In a short period, Ho Chi Minh City has climbed 10 ranks, narrowing the gap with regional financial centers. Photo: Hoang Trieu
Speaking to Nguoi Lao Dong Newspaper, Associate Professor Dr. Nguyen Huu Huan of the University of Economics Ho Chi Minh City said that Ho Chi Minh City is among the financial centers expected to become more important in the next 2–3 years, with 12 mentions alongside major hubs such as Dubai, Singapore, Riyadh, and Abu Dhabi.
“In just a short time, Ho Chi Minh City has climbed 10 places in the ranking, narrowing the gap with regional financial centers, especially Singapore — the Southeast Asian ‘neighbor’ that remains firmly in the global top 4 — which further motivates Ho Chi Minh City to make breakthroughs. The city’s continuous rise in the rankings shows that it is moving in the right direction on the journey to enhance its financial competitiveness,” Associate Professor Dr. Nguyen Huu Huan said.
In its long-term vision, Vietnam has set the goal for Ho Chi Minh City’s international financial center to reach the group of the world’s top 75 financial centers by 2035, laying the foundation for further advancement in the following decade.
According to a resolution of the National Assembly, Vietnam’s international financial centers will be located in Ho Chi Minh City and Da Nang. The International Financial Center in Ho Chi Minh City is expected to cover an area of about 686 hectares, spanning the former District 1 and the Thu Thiem New Urban Area (An Khanh Ward).
In mid-August 2025, the Saigon Marina International Financial Center (Saigon Marina IFC) building at 2 Ton Duc Thang Street, Saigon Ward, was inaugurated, marking the beginning of the process of building the international financial center in Ho Chi Minh City.
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