Experts at the IP Forum 2025 in HCM City on December 11 said that economic diplomacy is vital to elevating Việt Nam’s global profile. — VNA/VNS Photo

HCM CITY — As Việt Nam plans to increase its total industrial park area to 181,000ha by 2030, experts and enterprises at the IP Forum 2025 in HCM City on December 11 stressed that strong economic diplomacy will be needed to attract high-quality projects.

According to Phạm Văn Nam, deputy general director of the Việt Nam Industrial Zone (VIZ), by the end of 2025, Việt Nam will have 478 industrial parks covering 146,000ha.

By 2030, the country plans to expand to 600 industrial parks, adding 35,000ha to reach 181,000ha, and expand industrial clusters from 1,100 to 2,000, with an additional 29,000ha of land.

The deputy general director of the VIZ stressed that raising Việt Nam’s profile through economic diplomacy is key to meeting the goal. He outlined four priorities to position Việt Nam as a strategic destination in global supply chains.

First, Việt Nam should position industrial parks as value-chain hubs where foreign and domestic firms can collaborate, share markets and technology.

Second, he recommends expanding into new development areas by capitalising on administrative mergers; strengthening regional investment branding with consistent policies and infrastructure, and attracting quality foreign direct investment (FDI) links with local manufacturing.

He added that industrial parks should be upgraded along a sustainable development model and integrated with renewable energy, digital infrastructure, and modern logistic links to create attractive living and working environments.

Nam highlighted that Việt Nam needs to reinforce the economic dimension of foreign affairs by renewing growth drivers, diversifying markets and expanding trade and investment cooperation. He also underscored the importance of advancing next-generation FTA negotiations, strengthening science-technology diplomacy and accelerating innovation and digital transformation.

He added that deepening ties with major partners and promoting collaboration in science, technology and innovation will be essential to sustaining Việt Nam’s long-term competitiveness.

Nguyễn Đồng Trung, deputy director of the Department of External Relations and Cultural Diplomacy (Ministry of Foreign Affairs), said that effectively implementing Viet Nam’s strategy will require diplomacy to play a key role in attracting investment.

Over the coming year, Việt Nam will step up ties with priority partners, including China, the US, South Korea and India; deepen relations with important partners such as Bulgaria, Germany, the UK, Portugal and Italy; and expand ties to others such as Egypt, Turkey, Kuwait, South Africa and Mexico, Trung added.

Nguyễn Quốc Hưng, deputy general director of VCN Investment JSC, a company specialising in investment, construction, real estate development, and educational projects, shared that the VCN Diên Khánh-Diên Thọ industrial cluster in Khánh Hoà Province plans to develop into a green, smart complex that combines industry with a coastal urban ecosystem – a key highlight in the South Central region’s strategy for high-value industries.

Priority sectors likely to attract investment include clean manufacturing that is non-polluting and not labour-intensive, such as electronics, precision engineering, pharmaceuticals, food, and interior furnishings.

Trung says growth drivers such as trade, investment, labour and tourism will remain in focus. Investment priorities include resolving stalled projects, attracting higher-quality FDI, and helping domestic firms integrate deeper into global value and supply chains.

Việt Nam’s representative agencies in foreign countries will act as bridges for trade and investment promotion, turning diplomatic relationships into economic value for industrial parks. — VNS