Vietnam’s Ministry of Planning and Investment has estimated the damage caused by typhoon Yagi at VND 40 trillion or about US$1.63 billion, VN Express has reported. The typhoon tore through northern Vietnam last week, causing damage in at least 26 provinces which account for about 41 percent of Vietnam’s GDP.

That said, there may be more costs to come with factories and manufacturing facilities damaged across the northern provinces–the Ministry is estimating that Vietnam’s economy could take a hit this year of .15 percent from typhoon Yagi.

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