Three years on, Choi and other manufacturers operating in Vietnam say they are struggling to break even due to higher transportation and labour costs and weaker sales.They hope the upcoming second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in the Vietnamese capital Hanoi will lead to an easing of sanctions on North Korea and a revival of the Kaesong facility.
“We were abandoned, then given false hopes, but nothing really changed,” Choi, president of garment maker DMF, told Reuters at his Hanoi office.So far, warming ties between South and North Korea, and last year’s historic first summit between Kim and Trump in Singapore had yet to bear fruit, Choi said.”I hope to see a real change from this summit.”HOPE ON SANCTIONSThe Trump administration has previously said there would be no easing of sanctions until North Korea completely relinquishes its nuclear arsenal.But a week before his second summit with Kim, Trump signalled a possible softening of stance, saying he would love to be able to take sanctions off if there is meaningful progress on denuclearisation.South Korean President Moon Jae-in, who held multiple summits with North Korea’s K…
Read more