North Korea is in such a political and economic situation as Vietnam in the 1980s, and the relationship between the two countries does not end there, as the news indicates that the regime's leadership has since been favored by the Jebel ideology Neighbor of Southeast Asia is. crossed spectacular development.
The North Korean leadership has stated that it would be more open to the country's highly centralized economy, and experts suggest that Vietnam's development model may be a tempting pattern for the regime following the Jukee ideology, the CNBC said his background analysis. The Vietnamese communist elite was able to maintain a one-party system, strong censorship, minimal government criticism and a heavily influenced economic government, and integrate the country into the world economy. According to analysts, Phenjan's top tens of thousands want exactly the same thing. Losses such as free floating or work permits for North Korean workers abroad would undermine the dominance of Kim Jongun's dictator and party. In Pyongyang, they study these patterns with caution, especially the state-administered Chinese and Vietnamese model of economic growth. The President of the United States could hold his next summit in Vietnam. Experts believe that the North Korean leader could move towards Vietnamese economic liberalization. The ministers of both countries often traveled to each other, for example, the North Korean Foreign Minister of Ri Jongho visited last year, according to the Yonhap News Agency Vietnam, to study the reforms there. Five years earlier, a whole delegation arrived to study the agriculture of a Vietnamese province. And the emerging relationships are not the same for the US: Foreign Minister Mike Pompeo said last July that the Phoenician regime could be an economic miracle, just like Vietnam over the past decades, when it overcame its security obstacles
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Last year, Kim also attempted to open the door – this could have led to his first summit with Trump. In this way, you can follow the Vietnamese pattern: the Southeast Asian country contacted the IMF and the World Bank in the 1990s, foreign capital arrived in the 2000s and entered into world trade organization (WTO) in 2007. This cautious progress would appeal to Kim, according to experts.
And there is something else. Vietnam has built an enviable flexible geopolitical relationship. Despite their bloody war, two of them are in close contact with the US and have good relations with Korea, Russia, Japan and India. The North Korean regime would not like to follow the Chinese model because it does not want it to rely more on its big neighbor than it does now. This is how Vietnam can set an example in its foreign policy strategy.
Ultimately, everything depends on how it goes along with the dismantling of the nation's nuclear arsenal. Therefore, if economic sanctions against the country are lifted and this is accompanied by continued reforms, the North Korean economy can move towards stable economic growth and global economic integration, says Bradley Babson.