U.S. President Donald Trump and North Korean leader Kim Jong Un are scheduled to meet in the Vietnamese capital city of Hanoi this week.
U.S. President Donald Trump said in a Wednesday Twitter post there's"AWESOME" economic potential for North Korea if the hermit nation's leader Kim Jong Un agrees to give up on his nuclear weapons. Trump's tweet also pointed to Vietnam as an example that North Korea could follow. "Vietnam is thriving like few places on earth. North Korea would be the same, and very quickly, if it would denuclearize.
The potential is AWESOME, a great opportunity, like almost none other in history, for my friend Kim Jong Un. We will know fairly soon - Very Interesting! But Vietnam has relied mostly on labor-intensive manufacturing to power its growth over the last three decades, helped by a young workforce and low wages. Productivity growth and technological adoption have not kept up, and some economists have raised concerns about the country's economic future once those advantages fade.
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