President Trump Donald John TrumpBubba Wallace to be driver of Michael Jordan, Denny Hamlin NASCAR team Graham: GOP will confirm Trump's Supreme Court nominee before the election Southwest Airlines, unions call for six-month extension of government aid MORE on Friday touted plans for his second summit with North Korean leader Kim Jong Un, predicting that the isolated nation could see an economic boost under Kim.

"North Korea, under the leadership of Kim Jong Un, will become a great Economic Powerhouse," Trump declared on Twitter.

"He may surprise some but he won’t surprise me, because I have gotten to know him & fully understand how capable he is. North Korea will become a different kind of Rocket - an Economic one!” he added.

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The president also confirmed in a tweet that his second summit with Kim would take place in Hanoi, Vietnam. The president previously confirmed in his State of the Union address on Tuesday night that the two would meet Feb. 27-28 in Vietnam.

Trump said Friday evening that U.S. representatives had concluded a "very productive meeting" in North Korea in advance of the summit between the two leaders.

My representatives have just left North Korea after a very productive meeting and an agreed upon time and date for the second Summit with Kim Jong Un. It will take place in Hanoi, Vietnam, on February 27 & 28. I look forward to seeing Chairman Kim & advancing the cause of peace! — Donald J. Trump (@realDonaldTrump) February 9, 2019

North Korea, under the leadership of Kim Jong Un, will become a great Economic Powerhouse. He may surprise some but he won’t surprise me, because I have gotten to know him & fully understand how capable he is. North Korea will become a different kind of Rocket - an Economic one! — Donald J. Trump (@realDonaldTrump) February 9, 2019

The president has in the past emphasized the economic benefits that could await North Korea if Washington and Pyongyang are able to reach a denuclearization deal, which would likely include the lifting of stringent U.S. sanctions.

Trump and Kim first met in June 2018 at a summit in Singapore to begin negotiating North Korea’s denuclearization. The president declared the meeting a success, saying there was “no longer a Nuclear threat from North Korea.”

“Just landed - a long trip, but everybody can now feel much safer than the day I took office. There is no longer a Nuclear Threat from North Korea. Meeting with Kim Jong Un was an interesting and very positive experience. North Korea has great potential for the future!” he tweeted following the summit.

Just landed - a long trip, but everybody can now feel much safer than the day I took office. There is no longer a Nuclear Threat from North Korea. Meeting with Kim Jong Un was an interesting and very positive experience. North Korea has great potential for the future! — Donald J. Trump (@realDonaldTrump) June 13, 2018

However, while North Korea released three U.S. hostages and has not tested any missiles since the meeting, Kim has not taken any verifiable steps toward reducing or dismantling his nuclear arsenal.

Director of National Intelligence Dan Coats Daniel (Dan) Ray CoatsFBI chief says Russia is trying to interfere in election to undermine Biden The Hill's Morning Report - Sponsored by The Air Line Pilots Association - Trump, Biden renew push for Latino support Former Intel chief had 'deep suspicions' that Putin 'had something on Trump': book MORE and CIA Director Gina Haspel also testified in a congressional hearing last week that North Korea is unlikely to completely forfeit its nuclear weapons.