“The orientation of Vietnam’s International Financial Center in Ho Chi Minh City (VIFC-HCMC) is to create a new financial space that aligns with the shifting dynamics of global capital flows. The Special Urban Law, once introduced, could create a truly breakthrough impact,” Assoc. Prof. Dr. Nguyen Huu Huan, vice chairman of the executive board of VIFC-HCMC, told The Saigon Times. Strategic elevation The Saigon Times: According to the Global Financial Centers Index (GFCI 39), HCMC has climbed 11 places to 84th out of 120 cities. Notably, it is among the top 15 cities expected to see significant growth in the next one to two years. What is your assessment of this information? Based on this, what can we infer about global interest in VIFC-HCMC? Assoc. Prof. Dr. Nguyen Huu Huan: First, this result should be viewed within a longer-term trend. Just a few years ago, HCMC was in the lower tier (beyond 100th place), but it has consistently improved its position. In GFCI 38, it rose to 95th place and surpassed Bangkok for the first time. This indicates that the progress is not a random leap but the result of accumulated improvements in market capacity, institutions, and international expectations. With […]
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