Typhoon Capricorn, the strongest typhoon in Asia this year, is estimated to have caused economic losses in Vietnam of $3.31 billion, double previous estimates.
"The initial estimate of the total economic losses caused by the storm is $3.31 billion, most of which are caused by landslides and flash floods," Agriculture Minister Le Minh Hwan was quoted as saying by the state news agency on Saturday.
Earlier this month, Vietnam's Ministry of Planning and Investment gave a preliminary estimate of economic losses of $1.6 billion and cut its economic growth forecast for this year by 0.15 percentage points. Vietnam's economic growth forecast for this year was originally 6.8 to 7 per cent.
Storm Yagi killed 299 people and left 34 missing in Vietnam, wreaking havoc on the export-oriented country, destroying factories, flooding farmland, destroying homes and collapsing a bridge.
Standard & Poor's Global said on September 26 that typhoon debt relief measures ordered by Vietnam's central bank could hit banks' profitability.
On October 28th local time, the Federal Reserve began a two-day interest rate meeting and is expected to announce the latest interest rate decision on the afternoon of October 29th.
On October 28th local time, the Federal Reserve began a two…
On October 28 local time, OpenAI's announcement of its orga…
Recently, according to Teslarati, Tesla has set "Brake Conf…
When engineers at the Warren City Technology Center in Mich…
This week, Israel accused the Hamas militant group of viola…
When Trump and Takaishi Saane held hands tightly at the Tok…
© Copyright 2025, All Rights Reserved
