North Korea may choose to follow Vietnam's economic model as it looks to open up | WHAT REALLY HAPPENED

North Korea may choose to follow Vietnam's economic model as it looks to open up

As North Korea signals a willingness to open up its highly centralized, socialist economy, Vietnam's model of development is being widely suggested as a blueprint for Pyongyang to emulate.

Hanoi's ability to retain one-party rule, strict censorship, minimal dissent and a top-down system of control after integrating into the global economy is an attractive prospect for North Korea, according to analysts. If Pyongyang were to ever transition into a market economy, it will likely continue to prioritize regime stability — loosening restrictions on areas such as currency and migration could be politically destabilizing for Kim Jong Un's rule.

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