By September 18, statistics from provinces and cities indicated that the economic damage caused by Typhoon Yagi was approximately 50 trillion VND (2 billion USD), with further increases expected.
Typhoon No. 3 and its aftermath had a widespread impact, covering 26 northern provinces and Thanh Hoa, accounting for over 41% of Vietnam's GDP and 40% of the population. The storm's center hit the Red River Delta, home to the majority of Northern industrial zones, including large enterprises and factories. Many factories in these industrial zones sustained severe damage. Flooding remains in mountainous and midland provinces, suggesting the potential for greater losses.
Source: Vietnam macro and industry report - September 2024 Vietdata
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