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.

The death toll from Typhoon Yagi and its subsequent rain that triggered floods and landslides has climbed to 87 as 70 others remain missing and hundreds were injured, state media said.

Yagi was the strongest typhoon to hit Vietnam in decades when it made landfall Saturday. It weakened, but officials have warned of more possible floods and landslides.

Manufacturers say that while many factories acted early to minimize damage, roughly 10 percent of buildings in Haiphong are deeply damaged.

Vietnam is preparing for more flooding with a tropical depression forecast to strengthen into a storm as it heads to its central coast, days after typhoon Yagi set off floods and landslides that killed more than 290 people in the north.

A decade-old picture of a Philippine city flattened by Typhoon Haiyan, one of the strongest storms ever recorded, has resurfaced in social media posts that falsely portrayed it as showing the damage caused by Typhoon Yagi in Vietnam.

Even before the typhoon, the UN estimated 18.6 million people out of a total population of 55 million needed humanitarian assistance.

Vietnam's economic growth in 2024 may decline by 0.15% compared to the previous forecast due to the impact of Typhoon Yagi, Asia's most powerful storm this year, according to Planning and Investment Minister Nguyen Chi Dung.