Could North Korea’s economy, the most isolated in the world, ever follow in the footsteps of Vietnam’s? Seoul-based Maeil Business Newspaper reported Kim Jong Un said during a private summit with South Korea that he saw a “Vietnam-like” opening of the country, probably referring to Hanoi in 1986. Vietnam’s ruling communist party dropped collectivism to pursue a “socialist-oriented market economy,” under which the country’s GDP growth increased by an average of 3% per year over the next decade. …read more
Source:: Yahoo Finance
