High on the agenda were the global financial crisis, management reform and the restructuring of economies.

Delegates shared the view that 2009 is a difficult year for emerging economies which took a big hit due to a fall in global investment, exports and trade. They said that these economies should consider the possibility of mobilising capital through the market and government channels, ensure good governance, promote trade liberalisation and prevent protectionism.

At the event, Minister Ninh introduced measures Vietnam has been taking to cushion the impact of the global financial crunch.

The Vietnamese government will continue to apply flexible monetary policies and oversee the financial system to maintain the macro-economic stability, generate jobs and ensure social welfare, said Mr Ninh.

Delegates heard reports on China and India’s role in global business, Africa’s potential, the financial market of Islamic countries and the future of the telecommunications industry in Asia.

They said that it’s time GEMS showed their strength in leading the global economy as its member countries will play an important role in the post-crisis period and in a new world economic order.