The country has a fledgling stock exchange, in Ho Chi Minh City, but all the listed companies are state-owned.

ECONOMIST: Reform is coming to a still-cautious Vietnam

They have profiled board members of the top 1, 000 Indian firms - private and state-owned - that account for four-fifths of the market capitalisation of companies listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in 2010.

BBC: Why Indian boardrooms have no diversity

Ian Bremmer and Nouriel Roubini, respectively president of the Eurasia Group and a professor at New York University, pointed out in The Wall Street Journal last week that 39 of the 42 Chinese companies listed among the Fortune 500 are state-owned, and three-quarters of China's 100 largest publicly traded companies are state-controlled.

WSJ: China Might Have Over-Reached Itself

In May, a new attempt was launched at off-loading state-owned shares in the 1, 400 companies listed in China's stockmarkets.

ECONOMIST: China

The government has been raising funds by privatizing state-owned companies while selling down stakes in those already listed.

FORBES: The New China Strategy Is India

Similarly, last month Columbia Business School hosted 25 senior managers from China for the school's inaugural China CEO program, including CEOs from companies such as the Nasdaq-listed Focus Media, as well as some state-owned conglomerates.

CNN: Educating Asia's business leaders