Nguyen Vu Tung, Deputy Director of the Institute for Strategic Research and External Relations Policy under the Diplomatic Academy of Vietnam is present at the conference.

The delegates discussed financial cooperation to make East Asian economies stronger, the future of the US dollar in Asia, democracy, the free market and ethnic conflicts.

The conference is an important forum for them to examine the changes in international trade in ASEAN and East Asia, initiatives such as the One Vision Asia Pacific proposed by Australian Prime Minister Kevin Rudd and the idea of establishing an East Asia Community put forward by Japanese Prime Minister Yukio Hatoyama.

In his speech, Malaysian Crown Prince Raja Azrin said that East Asian nations need to promote socio-political ties, otherwise they will fail to help this region to make achievements in the future.