Vietnam is emerging as a compelling growth story, with FTSE Russell set to reclassify it from frontier to emerging market status in September 2026, unlocking potentially US$10 billion in institutional flows. Supported by strong GDP growth, rising incomes, and attractive valuations, Vietnam’s market is increasingly capturing global investor attention as a long-term investment opportunity.

India is undergoing a dynamic transformation fueled by rising incomes, rapid digitalisation, and a booming infrastructure push, supported by a young population, policy reforms, and strong consumer demand. With low debt levels, increasing financial inclusion, and a shift toward organised retail, the country is poised to remain one of the world’s fastest-growing major economies and offers significant opportunities for long-term investors.

Artificial Intelligence has come a long way from its beginnings, but in many ways it is only just getting started. Generative AI is already transforming industries by enhancing productivity and efficiency, and as investment continues to accelerate, Asia is emerging as a key beneficiary of this global technological shift.

Brazil is emerging as a compelling opportunity for investors seeking diversification away from US equities, supported by monetary easing, potential political change, and attractive valuations. With macro, political, and valuation catalysts aligning, the country is well placed to deliver meaningful upside for investors.

Emerging markets are home to dynamic, fast-growing industries such as artificial intelligence, fintech, and medical technology, offering investors far more than traditional old-world sectors. With internet champions, rising middle classes, and structural megatrends driving long-term growth, the opportunity set in EM is both diverse and compelling.

The prospect of US monetary easing and a weaker USD could mark an inflection point for emerging market equities, with liquidity set to rotate out of the US and into these markets. After a decade of headwinds, high-quality companies in China, Vietnam, Indonesia, and Brazil now appear increasingly attractive and well positioned to benefit from the next cycle of USD weakness.

While tariffs from the US are consistently making headlines, their effect on the emerging economies can often be overlooked by investors. Speaking with Joseph Lai, principal and chief investment officer at Ox Capital, he explains thoroughly how investors can capitalise from opportunities presenting around the theme.

Vietnam is rapidly emerging as one of Asia’s most dynamic growth markets, driven by sweeping reforms, record infrastructure investment and a digitally empowered population. On the ground, momentum is building across sectors from expressways and metros to e-commerce and private enterprise, signalling a structural shift in the country’s economic trajectory.

China is transitioning from a construction-driven economy to one focused on innovation and high-value industries, with global leaders emerging in sectors like EVs, robotics, and renewables. While the property market adjustment has been challenging, signs of economic recovery and sustainable growth are becoming evident.

While US equities stumble under the threat of tariffs and a record budget deficit, and the ASX pulls away from its highs, the Hang Seng has quietly staged returns of more than 25% year to date. So is the era of Chinese weakness over?