North Korea rejects Chinese reform model, will go for Vietnamese reform

[Korean]

North Korea: Axis Of Evil No More? - Forbes

North Korea: Axis Of Evil No More?

And so now, Jong Un is preparing to open up the country’s economy to foreign investors. Germany media reported that the young son of the Axis of Evilness himself had recently invited German economic and legal experts for consultations.

“There is a master plan,” an economist involved in the plan told Frankfurter Allgemeine Zeitung. “They want to open up this year,” the expert said adding that Pyongyang does not intend to follow the Chinese model and “is rather interested in the Vietnamese model, in which specific companies were chosen as recipients of investments.”

North Korea is no ally of China.

 

[haidian]

North Korea: Axis Of Evil No More? - Forbes



North Korea is no ally of China.

that's a great news,that means in the future both countries will be even more dependent on China economically.

 

[Korean]

that's a great news,that means in the future both countries will be even more dependent on China economically.

Vietnam is a hot destination of companies fleeing China.

 

[haidian]

Vietnam is a hot destination of companies fleeing China.

maybe that's why their economy in 2012 hit 13 year's bottom low.

Vietnam’s respectable-sounding GDP growth of 5.08 per cent in 2012 was in fact a painful fall from 5.9 per cent in 2011 and marked its slowest pace in 13 years.

 

[Korean]

maybe that's why their economy in 2012 hit 13 year's bottom low.

So did China's economy.

 

[haidian]

So did China's economy.

google for infomation before speaking off the top of your head please.if China slump,she will take you down with her,cause your economy depends heavily on China.

 

[NiceGuy]

“There is a master plan,” an economist involved in the plan told Frankfurter Allgemeine Zeitung. “They want to open up this year,” the expert said adding that Pyongyang does not intend to follow the Chinese model and “is rather interested in the Vietnamese model, in which specific companies were chosen as recipients of investments.”

Good, but first of all, North Korean leader should share his power to a group of leaders(14 guys) like in VN

 

[Korean]

Good, but first of all, North Korean leader should share his power to a group of leaders(14 guys) like in VN

Well, North Korea is actually run by Kim's aunt and her husband Jang Sung Taek, so that's 3 people in power.

The key issue here is that North Koreans see the Vietnamese model as being much superior to the Chinese model.

 

[Sanchez]

All China's neighbours wanted to feel superior to China, Js, Ks, Vs and even Indians? funny! Go and check your history book, they are all written in Chinese...shall we say, fuke idiots,

 

[Srinivas]

Vietnam is a hot destination of companies fleeing China.

You are very true mate

 

[Reashot Xigwin]

Well, North Korea is actually run by Kim's aunt and her husband Jang Sung Taek, so that's 3 people in power.

The key issue here is that North Koreans see the Vietnamese model as being much superior to the Chinese model.

Not really superior that's like comparing an AK with an AR, but more appropriate to NK situation.

 

[Korean]

What North Korea has in mind is the invitation of American, European, Japanese, and Korean businesses, while keeping Chinese companies out of North Korea.

This is what is meant by the "Vietnamese Model".

The first showcase of this policy is Google chairman's visit to North Korea, where Google chairman was invited by North Korea to survey their country.

 

[Sanchez]

Korean beggars should get enough rice like Viets before they may invite investors...

 

[Reashot Xigwin]

What North Korea has in mind is the invitation of American, European, Japanese, and Korean businesses, while keeping Chinese companies out of North Korea.

This is what is meant by the "Vietnamese Model".

The first showcase of this policy is Google chairman's visit to North Korea, where Google chairman was invited by North Korea to survey their country.

.... Uhhhh

Vietnam pushes for more Chinese investment
By Valarie Tan | Posted: 23 May 2012 2010 hrs

BEIJING: China's investments in the energy and minerals sector in some ASEAN countries have drawn criticism and in some cases, backlash in recent years.

But with investments and demand from Europe and the US dwindling, China's growing economic importance in the region cannot be ignored.

Rising labour costs in China have forced some manufacturing firms to relocate their operations to Vietnam in recent years. But Vietnam wants to be more than just a cheaper alternative to the world's second largest economy.

It held a business forum recently in Beijing to seek Chinese investments. Vietnam's Deputy Foreign Minister, Nguyen Thanh Son, called on Chinese firms to increase their presence.

He said: "Vietnam is working hard now to develop the economy. So there's great demand for facilities. And we know China has great potential in the basics of constructing ports, highways, airports and has many renowned enterprises with huge potential."

There are currently some 2,000 Chinese companies invested in Vietnam, valued at over US$3 billion, with mining and steel amongst the biggest projects.

But China's massive investments in ASEAN countries in recent years have drawn criticism and resistance from some locals. Sceptics view these investments as a way for China to buy up resources and for it to extend its political dominance in the region.

In 2011, Myanmar stopped construction of a Chinese-funded dam on the Irawaddy River worth US$3.6 billion, citing environmental concerns.

Territorial claims over islands in the South China Sea between Beijing and some ASEAN countries continue to draw tension.

In the case of the Philippines, the recent standoff with China over Scarborough Shoal, also known as Huangyan Islands, has spilled over to trade and tourism.

Vietnam, which also claims parts of the South China Sea, and has close military ties with the US in the form of recent naval exercises, could have made China more uncomfortable.

Still, bilateral trade between Beijing and Hanoi reached US$40 billion in 2011 and is expected to grow to US$60 billion by 2015 under a new five-year cooperation deal. Even though Vietnam has often been seen as a low-cost alternative to China for investors, both countries said they see each other as friendly competition for foreign investments.

Ma Mingqiang, Secretary of the ASEAN-China Centre, said: "Don't you think that China is big enough and so is Vietnam? So I don't think there's no room for competition. There's a lot of space for it. Some firms may have left China but there are still many more who stayed. I don't think there will be much impact on second-tier Chinese cities."

And despite the geopolitical friction, trade between ASEAN and China is expected to reach US$500 billion by 2015, making China ASEAN's biggest trading partner.

-CNA/ac

 

[Korean]

Korean beggars should get enough rice like Viets before they may invite investors...

That doesn't change the fact that Chinese companies are considered "undesirables" in North Korea and North Korea would rather deal with American and Japanese companies than with Chinese companies.