Ho Chi Minh City is expediting the restructuring of its industrial parks, focusing on smart and sustainable development strategies. This initiative aims to capitalize on a unique opportunity to integrate into global value chains. The restructuring process intends to modernize existing industrial zones and attract higher-value investments. City officials emphasize the importance of technological advancements and environmentally friendly practices within these parks. This move is designed to enhance the city’s competitiveness on the international stage and foster economic growth. The restructuring is viewed as crucial for attracting foreign direct investment and creating skilled jobs within the region. Ultimately, the goal is to transform Ho Chi Minh City’s industrial sector into a more innovative and resilient component of the global economy.