The most read Vietnamese newspaper
Edition: International | Vietnamese
© Copyright 1997 VnExpress.net. All rights reserved.
HCMC saw its rating hiked by 10 points, but stronger gains by other cities pushed it down in the rankings, according to the 34th edition of the index published Thursday.
The index, published by China Development Institute (CDI) in Shenzhen and Z/Yen Partners in the UK, evaluates the future competitiveness and rankings of 121 financial centers around the world.
It uses data from the World Bank, Organisation for Economic Co-operation and Development, United Nations, and Economist Intelligence.
The notable ratings rises this year were for Barbados, up 78 points, Isle of Man (70) and Liechtenstein (62).
New York ranked first in the index, followed by London and Singapore.
HCMC authorities started talking about making the city an international financial center nearly 20 years ago.
"Making HCMC an international financial center" is one of the strategies proposed in a resolution passed by the 13th Party Congress on socioeconomic development in 2021-30.
At a meeting in February last year city authorities discussed developing into a regional financial center between 2026 to 2045, enter the top 50 in the index by 2030 and top 20 by 2045.
The city plans four action programs for until 2025: developing the fintech, digital banking and digital financial transaction market; promoting regional financial integration; developing the Thu Thiem Financial and Commercial Area; and developing the commodity trading market.
