Vietnam says 2024 GDP may decline 0.15% due to Typhoon Yagi’s impact

Vietnam’s economic growth in 2024 may decline by 0.15% due to Typhoon Yagi, which caused $1.63 billion in damages to infrastructure and agriculture. Planning and Investment Minister Nguyen Chi Dung reported that GDP growth rates for the third and fourth quarters could decrease significantly as a result of the storm’s impact.