{"id":50506,"date":"2025-09-29T11:33:08","date_gmt":"2025-09-29T11:33:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/50506\/"},"modified":"2025-09-29T11:33:08","modified_gmt":"2025-09-29T11:33:08","slug":"hcmc-rises-3-places-in-global-financial-center-ranking-surpasses-bangkok","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/50506\/","title":{"rendered":"HCMC rises 3 places in global financial center ranking, surpasses Bangkok"},"content":{"rendered":"<p class=\"Normal\">This marks the Vietnamese city&#8217;s highest standing since it first made the semi-annual index compiled by London-based think tank Z\/Yen Partners and the China Development Institute in 2022.<\/p>\n<p class=\"Normal\">The latest index released last week evaluates 135 financial hubs based on factors such as business environment, reputational &amp; general, infrastructure, human capital and financial sector development.<\/p>\n<p class=\"Normal\">Each is scored based on inputs provided by third-party organizations like the UN, World Economic Forum, World Bank, Transparency International, and World Wide Web Foundation.<\/p>\n<p class=\"Normal\">Cities were also assessed through online survey responses from 4,877 participants from the financial services sector.<\/p>\n<p class=\"Normal\">The final GFCI score, which determines their competitiveness as a financial center, is often used by policymakers and investors.<\/p>\n<p class=\"Normal\">HCMC scored 664, <a href=\"https:\/\/e.vnexpress.net\/news\/business\/economy\/hcmc-rises-7-places-in-global-financial-center-rankings-to-98th-4864494.html\" rel=\"dofollow noopener\" target=\"_blank\">up 10 points from March<\/a>, and was named among the 15 financial centers projected to see strong growth in the next two or three years. Bangkok fell from 96th to 102nd.<\/p>\n<p class=\"Normal\">Vietnam is setting up an international financial hub straddling HCMC and Da Nang that will offer a broad range of products and services, including banking, capital markets tied to asset and fund management, according to a government resolution passed in June.<\/p>\n<p class=\"Normal\">Experimental mechanisms (sandbox) for fintech, innovation, specialized trading platforms, and derivatives will also be put in place.<\/p>\n<p class=\"Normal\">The government wants the HCMC section of the hub to be operational in 2025 and completed within five years.<\/p>\n<p class=\"Normal\">Other <a href=\"https:\/\/e.vnexpress.net\/news\/business\/economy\/singapore-ranked-4th-among-world-s-financial-centers-narrowly-behind-hong-kong-4944031.html\" rel=\"dofollow noopener\" target=\"_blank\">Southeast Asian cities in the rankings<\/a> included Singapore (4th), Malaysia\u2019s Kuala Lumpur (45th), Indonesia\u2019s Jakarta (91st) and the Philippines\u2019s Manila (104th).<\/p>\n<p class=\"Normal\">Globally, the top 10 remained unchanged from March, with the U.S.\u2019s New York leading with a score of 766, followed by the U.K.\u2019s London, Hong Kong, and Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"This marks the Vietnamese city&#8217;s highest standing since it first made the semi-annual index compiled by London-based think&hellip;\n","protected":false},"author":2,"featured_media":50507,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,36672,61,60,36673],"class_list":["post-50506","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-hcmc-rises-3-places-in-global-financial-center-ranking","tag-ie","tag-ireland","tag-surpasses-bangkok-vnexpress-international"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/50506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=50506"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/50506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/50507"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=50506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=50506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=50506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}