Typhoon Yagi, Asia's most powerful storm this year, cost Vietnam roughly $1.6 billion and may cut into the country's growth rate, according to preliminary estimates from the investment ministry. Vietnam's economic growth in 2024 may slow by 0.

Super Typhoon Yagi and its aftermath cut a swath of destruction across north Vietnam estimated at 40 trillion dong ($1.6 billion), threatening to lower the country’s economic growth for the year.

As Vietnam assesses the damage, the long-term economic repercussions are expected to linger for months Super Typhoon Yagi and its aftermath cut a swathe of destruction across north Vietnam estimated at 40 trillion dong (US$1.