Vietnam counts the US$1.6 billion cost of Super Typhoon Yagi’s destruction

The losses could trim 0.15 percentage points off 2024’s economic growth, according to state media, citing an estimate by the Ministry of Planning and Investment. Third-quarter growth could see 0.35 percentage points shaved off, while the fourth quarter may see a hit of 0.22 percentage points. The government previously targeted this year’s expansion at as much as 7 per cent.

Days of downpours have added to the destruction wrought by Yagi, which made landfall on September 7 before weakening to a tropical depression.

Flash floods, overflowing rivers and landslides occurred across the northern region, leading to evacuation of thousands.

Rains eased over the weekend and rivers are receding, though landslide warnings remain in mountainous areas, according to the National Centre for Hydro-Meteorological Forecasting’s website.