The next twelve months could turn out to be a pivotal year for China’s capital markets, the largest in the Asia-Pacific and the world’s third largest bond market. The proposed inclusion of Chinese yuan bonds in the Bloomberg Barclays Global Aggregate Index, phased in over a 20-month period starting in April 2019, could further accelerate the participation of foreign investors.

As one of the fastest growing economies in ASEAN, Vietnam has a seemingly endless wish list for infrastructure. Currently, just 20 per cent of the country’s national roads are paved, and a recently approved plan to build a 1,372km north-south highway by 2030 is estimated to cost $14bn.