HCMC jumps 17 spots as Da Nang debuts on global financial center ranking
Ho Chi Minh City climbed 17 places on the Global Financial Centers Index, the second-largest jump globally, while Da Nang made the rankings for the first time.
Ho Chi Minh City (HCMC) has climbed 17 places to rank 67th globally as a financial center, according to the latest index released by Z/Yen Partners and the China Development Institute. This rise only trails Copenhagen's impressive 19-spot jump. Da Nang made its debut at rank 71st, having been designated an associate center in recent editions.
The index evaluates 139 financial hubs across five key competitiveness areas: business environment, human capital, infrastructure, financial sector development, and reputation. Figures for these metrics were sourced from third-party organizations like the UN, World Economic Forum, and World Bank, as well as responses from over 6,000 professionals in banking, finance, and professional services.
HCMC's score of 692 marked a 27-point increase from September, while Da Nang closely followed with a score of 685. Among Southeast Asian countries, Singapore stood alone in the top 10, while Malaysia's Kuala Lumpur and Labuan secured 39th and 44th places respectively. Kuala Lumpur and Labuan both improved their rankings, with Kuala Lumpur moving up three spots to 39th and Labuan climbing 11 places to 44th.
Meanwhile, Indonesia's Jakarta fell 11 spots to 97th, and Thailand's Bangkok rose 12 ranks to claim the 88th position. The Philippines' Manila saw a one-spot improvement, placing it at 101st.
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