Harm to Vietnam because of hurricane Yagi is 331 million greenbacks – 2024-09-29 15:29:35

Yagi, Asia’s most powerful hurricane this yr, brought about about 81.5 trillion dong (US$3.31 billion) in harm to Vietnam. This data was once reported within the nation’s state media on Saturday (September 28). The wear brought about by means of Storm Yagi in Vietnam is sort of double the former estimate.

A minimum of 299 folks have died within the Southeast Asian nation because of this robust hurricane. 34 individuals are nonetheless lacking. The hurricane wreaked havoc on Vietnam’s export-dependent industries. Factories, infrastructure, farmland and homesteads had been widely broken by means of Yagi, and a bridge collapsed.

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State-run Vietnam Information Company quoted Agriculture Minister Le Minh Hoan as pronouncing that as a initial, the rustic’s financial losses because of Yagi are about 81.5 trillion dong. Maximum of its harm is because of landslides and flash floods.

The wear estimate exceeded an previous estimate of $1.6 billion by means of Vietnam’s Ministry of Making plans. Because of this hurricane, the rustic’s financial enlargement is anticipated to drop from 7 % to six.8 %.

Agriculture Minister Hwan referred to as on related government to assist folks resume manufacturing and regulate provide and costs.

A number of pig farms in Vietnam had been broken by means of Storm Yagi. Consequently, the cost of reside pigs is repeatedly expanding, Reuters stated.

Ranking company S&P World stated final Thursday that the profitability of Vietnam’s banks will endure. Since the central financial institution is offering mortgage waivers for the ones suffering from the hurricane.

Lately, Vietnamese government are interested by rebuilding the affected spaces and seeking to repair financial balance.

Supply: Reuters
KAA/