Vietnam estimates damages of $3.31 bln from Typhoon Yagi

28/9/2024 14:45

        Asia's strongest storm this year, Typhoon Yagi, caused damages estimated at 81.5 trillion dong ($3.31 billion) across northern Vietnam, or twice as much as previous estimates.
        
        The typhoon, which killed 299 with 34 missing, devastated export-oriented industrial hubs, destroying factories and facilities, besides flooding farmland, damaging homes, and tearing up a bridge.
        
        State-run Vietnam News Agency quoted Agriculture Minister Le Minh Hoan as saying, "The total economic damage is initially estimated at over 81.5 trillion dong, with most damage triggered by landslides and flash floods."
        
        The figure exceeds a preliminary estimate of $1.6 billion made this month by the planning ministry that threatened to chip 0.15 percentage point from a forecast for economic growth of 6.8% to 7% this year.
        
        Hoan urged authorities to help people resume production while ensuring supplies and holding down prices, as farm and agricultural land were among the areas hit hardest.