HANOI — Vietnam's economy grew by 7.4 percent in the third quarter, government figures showed Sunday, despite severe economic damage caused by deadly Typhoon Yagi. Vietnam suffered $3.3 billion in economic losses as a result of Yagi, which swept across the country's north, causing devastating flooding and 345 deaths. AdvertisementThe United States was Vietnam's largest export market in the first nine months of 2024, according to the GSO. The ADB predicts 6 percent growth for Vietnam's yearend figure. AdvertisementThe communist state has long been a success story among Asian economies, and in 2022, its economy grew 8 percent.

Source: Manila Times October 07, 2024 04:09 UTC