The most common and most likely answer to this crossword clue is the 5 letter word ENVOY
I've seen this crossword clue in The Daily Telegraph
E
N
V
O
Y
More clues leading to the result ENVOY
- Diplomat only initially involved in deadly sin
- Resent involving old diplomat who’s second-rate
- Ambassador from short space cruise half-cut
- Covetousness secures nothing for diplomat
- Last words betray empty jealousy
- VIP taking part in maiden voyage
- Diplomat showing empty jealousy?
- Green property entered by old diplomat
- Representative of jealousy in love? On the contrary
- Maybe novel way to outlaw agent
Buddy explains!

The straight part
We know that "VIP" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case vip = envoy.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does ENVOY mean?
ENVOY noun- A short stanza at the end of a poem, used either to address a person or to comment on the preceding body of the poem.
- A diplomatic agent of the second rank, next in status after an ambassador.
- A representative.
- A diplomat.
- A messenger.