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Yaghi costs Vietnam $1.6 billion, threatens economic growth

A report issued by the ministry stated that economic growth in Vietnam In 2024, it may slow by 0.15 percent compared to previous expectations due to the effects of the hurricane. The ministry had previously forecast growth of 6.8 percent to 7 percent this year.

The typhoon, which made landfall on Sept. 7, has killed at least 292 people and left 38 others missing as of Monday morning, according to data from the country’s disaster agency. Vietnam.

As it flooded Floods 190,000 hectares (469,500 acres) of rice fields, 48,000 hectares of lucrative crops such as corn and cassava, and about 232,000 homes were damaged in northern Vietnam, according to the agency.

In a separate statement issued by the government, it said: Vietnam She is striving to control Inflation And to achieve a GDP growth of about seven percent this year despite the losses caused by Cyclone Yagi.



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