Vietnam as venue of the second Trump-Kim summit next week
is perfect, good model for N.Korea transition: (1) VN is politically socialist
but economically capitalist, (2) VN has no nukes yet politically secure, (3) VN
was a former US enemy and later embraced the US as economic and military partner,
(4) VN is an ASEAN member, the association is 3rd biggest consumer bloc in the
world (about 650 M consumers) with many friends all over the world.
N. Korea will learn a lot from VN -- from privatization of many state-owned enterprises to large-scale exports to (and imports from) the rest of the world, to being a member of a regional (ASEAN) free trade, zero tariff area. Note also that the two Trump-Kim summit are held in the ASEAN, SG last June and VN this month. So a NKorea-ASEAN FTA will not be far fetched.
See also:
Go Mr. Kim, you may remain politically socialist but
embrace capitalism and globalization, embrace America and its huge
entrepreneurial talent and resources. No more nukes, more billions of $ of
commerce instead.
Can North Korea
copy Vietnam’s economic miracle?
John Power Lam
Le Updated: Monday, 18 Feb, 2019 7:31am
North Korea
Predicts ‘Major Breakthrough’ at Second Trump-Kim Summit
18 Feb 2019
“Kim will
reportedly arrive for the summit early, on February 25, for scheduled talks
with Vietnamese officials. Vietnam is a communist country but maintains
friendly relations with the United States and has managed to sustain a
functional economy, something that has eluded North Korea for decades. Kim’s
visit will be the first by a North Korean communist dictator since grandfather
Kim Il-song visited in 1964.”
Kim Jong-un
expected in Vietnam early ahead of summit with Trump
Nicola Smith, asia correspondent
18 FEBRUARY 2019 • 4:24AM
“But the focus of
Kim’s trip would likely be the economy. Vietnam’s reforms, which have propelled
it to become of one of the fast-growing economies in the world, have been
widely touted as a road map for the impoverished hermit kingdom to follow.”
Second Trump-Kim
summit propels Vietnam to geopolitical center stage
The Southeast Asian nation has friendly relations with
all the key players.
By Ben GittlesonFeb 13, 2019 2:54 AM ET
"The United
States and Vietnam normalized ties in 1995, decades after the end of the
Vietnam War. Over the ensuing quarter century, their economic and trade
relations have grown stronger. From 1995 to 2016, bilateral trade grew from
$451 million to nearly $52 billion, according to the State Department.
President Barack
Obama visited Vietnam in 2016 and Trump attended an international summit there
in 2017. Vietnam’s Prime Minister Nguyen Xuan Phuc visited the White House in
2017, too."
How Vietnam Went
From Cold War Foe to a Host for Trump and Kim’s Summit
By Jihye Lee
February 7, 2019, 6:33 PM GMT+8 Updated on February 9,
2019, 9:29 AM GMT+8
"Both Trump
and Kim, whose regime has been locked in hostilities with the U.S. for almost
70 years, have intense security demands. Vietnam has been building military
ties with the U.S. to balance a rising China and -- like Singapore, the host of
the first Trump-Kim summit in June -- is among four dozen countries with a
North Korean embassy. Moreover, Kim, who must rely on Chinese loaner aircraft
and aging Russian-built passenger jets, can reach the communist country by
flying over friendly territory."
Good outcomes expected
for Trump-Kim summit
Update: February, 18/2019 - 21:00
Viet Nam News By
Paul Kennedy
“Nearly 3,000
journalists are expected to descend on Hà Nội next week for the biggest
political event of the year…
It’s only the
second time the political heavyweights have ever met, but analysts predict this
meeting has more significance than last year’s summit in Singapore.”
This will be a new growth opportunities in East Asia, no
doubt. N. Korea has about 26 M people and consumers, and S. Korea (51 M consumers)
can then reduce its defense spending and use more public resources for N. Korea
industrialization and development.
----------------
BWorld 219, The US-North Korea summit and the global economy, June 10, 2018
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