Vietnam PM urges agencies to unlock growth potential before year end

Prime Minister Le Minh Hung issued the directive on October 3, emphasizing the need for coordinated action across government to maximize growth opportunities in the remaining months of 2026. The appeal underscores mounting pressure to deliver on the year's development objectives as Vietnam faces economic headwinds and competing regional priorities.

The Prime Minister specifically highlighted the importance of identifying and eliminating bottlenecks that have constrained economic performance. His remarks suggest concerns that existing growth drivers have not been fully leveraged, with multiple sectors operating below their potential capacity.

The government has also signaled its ambition for Vietnam to emerge as a leading innovation hub, with Hanoi positioned as a key driver of this transformation. The Ministry of Justice has been explicitly tasked with strengthening institutional frameworks to support economic expansion, reflecting a broader strategy to mobilize all state agencies behind growth objectives.

Achieving double-digit growth remains a stated priority for policymakers, though the final quarter push suggests earlier performance may have fallen short of targets. Officials are banking on accelerated implementation of economic reforms and investment programs to close any remaining gaps before the year concludes.