Vietnam’s Industrial Journey Offers Valuable Lessons  

Addis Ababa, April 19, 2025 (ENA) ---- The Industrial Parks Development Corporation (IDPC) has described Vietnam’s successful transition from small-scale industries to large-scale industrialization as a model for other developing countries.

In a briefing he gave related to the recent visit of Ethiopia’s Prime Minister Abiy Ahmed to Vietnam, IDPC CEO Fisseha Yitagesu emphasized the Southeast Asian nation’s impressive strides in the manufacturing sector in recent years.

According to Fisseha, Vietnam’s industrial growth has been largely driven by its ability to attract significant Foreign Direct Investment (FDI), positioning the country as a competitive global manufacturing hub.

“As a result, the manufacturing sector now plays a central role in Vietnam’s economy,” he noted.

Fisseha also explained that this transformation was made possible through a strategic approach rooted in Vietnam’s experience to strengthen its position in the global manufacturing value chain.

He stressed the importance of drawing key lessons from Vietnam’s development path mainly in attracting foreign investments.

“This kind of strategic foresight has enabled Vietnam to emerge as a major player in global manufacturing,” he said.

According to Fisseha, Ethiopia can follow a similar path by strengthening domestic industries, utilizing local resources effectively, and adopting proven strategies from Vietnam’s experience to drive its own industrial transformation.