NKorea FM in Vietnam for lessons on economyhome/News/World/NKorea FM in Vietnam for lessons on economyHANOI: North Korea’s foreign minister kicked off an official visit to Vietnam on Friday as the hermit nation seeks to learn lessons from the one-party state’s post-war economic reform that has transformed the communist nation into one of Asia’s fastest growing economies. North Korea, with an economy long crippled by wide-ranging sanctions and years of self-imposed isolation, is seeking to learn from Vietnam’s “doi moi” economic reforms introduced in the 1980s, according to Seoul’s official Yonhap News Agency. The miracle could be yours; it can be your miracle in North Korea as well,” he said in comments aimed at Kim Jong-Un. Vietnam and North Korea established diplomatic relations in 1950, though there has been little in the way of trade following UN sanctions passed last year aimed at cutting off Pyongyang’s revenue streams. Hanoi’s exports to Pyongyang reached $7.3 million, mainly of food products, according to official data.

Source: Manila Times November 30, 2018 16:18 UTC