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Update news natural disasters
After consulting with businesses and experts, VCCI has proposed a 30% land rent reduction for 2024, with a higher reduction for typhoon-affected provinces.
Insurance companies have estimated that the total number of claims for losses caused by Typhoon Yagi have reached tens of trillion of VND.
People have been making every effort to reconstruct cities and provinces after the devastating Typhoon Yagi. Quang Ninh, for example, welcomed tens of thousands of tourists several days after the typhoon.
Preliminary estimates place the total economic damage caused by the typhoon at over VNĐ81 trillion (equivalent to nearly US$3.3 billion), which is double the estimate reported on September 15.
A passenger car, two trucks, three cars and many motorbikes were pushed down the slope by thousands of cubic metres of rocks and soil.
The aftermath of Typhoon Yagi has left numerous tourist boats in Ha Long submerged, causing mounting concerns among owners about the escalating damages and the slow pace of salvage efforts.
A tragic landslide on National Route 2, passing through Bac Quang district in Ha Giang, has resulted in one confirmed fatality and two missing persons.
The recent havoc wreaked by Typhoon Yagi has resulted in estimated economic damages of 81.503 trillion VND (nearly $3.4 billion) across affected regions, with updates still forthcoming as assessments continue.
Vietnamese banks' profitability is expected to be squeezed following their provision of debt relief to support borrowers affected by a recent deadly typhoon, according to the latest report by S&P Global Ratings.
Prime Minister Pham Minh Chinh chaired a hybrid conference on September 28 with representatives of 26 northern provinces and centrally-run cities to draw lessons from the response to recent Typhoon Yagi and subsequent rains and floods.
Typhoon Yagi has left a trail of destruction in Hanoi, with over 100,000 trees downed, causing significant economic and agricultural losses estimated at 2.287 trillion VND.
Head coach of the Vietnam national football team Kim Sang-sik has presented a sum of VND100 million to Tam Long Viet Fund in support of people in areas affected by typhoon Yagi.
The Asian Development Bank (ADB) has approved a US$2 million grant to assist the Government of Vietnam in providing emergency and humanitarian services to residents affected by the super Typhoon Yagi in the northern region of the country.
After suffering 24.223 trillion VND ($1 billion) in damage from Typhoon Yagi, Quang Ninh province is spearheading its own rapid reconstruction, even passing on Central Government aid to other regions.
In the aftermath of Typhoon Yagi, Lao Cai continues to suffer severe damages, including a landslide that has blocked traffic between Bao Thang and Van Ban districts.
After the devastating impacts of Typhoon Yagi, experts propose making agricultural insurance mandatory when obtaining bank loans, aiming to provide a lifeline to farmers facing catastrophic losses.
In an urgent response to imminent landslide threats, Quang Binh authorities have declared an emergency and ordered the evacuation of 40 households from the base of Cay Suong hill in Quy Dat town.
Over two weeks have passed since Typhoon Yagi struck, but Hanoi’s rice farmers are still grappling with the aftermath as vast swathes of crops remain submerged.
The recent storm caused an estimated VND2.5 trillion in damages to 23,595 hectares of aquaculture farms, with over 22,000 livestock and more than 3 million poultry dead. Despite these heavy losses, most farmers had no agricultural insurance coverage.
Severe flooding from Typhoon Soulik has led to school closures and the evacuation of residents in Thanh Hoa, affecting thousands of students and households.