Back Stories » Vietnam » With Half a Year to Go, Natural Disasters Have Already Cost Vietnam $39m

With Half a Year to Go, Natural Disasters Have Already Cost Vietnam $39m

On July 9, the Central Steering Committee for Natural Disaster Prevention and Control held a meeting to look into natural disasters which severely impacted the country in the first half of the year.

Through the first six months of this year, several disasters affected Vietnam’s GDP. It is estimated that weather-related disasters cost the country 1-1.5% of annual GDP. Specifically in 2018 thus far, Vietnam has suffered a loss of VND868 billion (US$39 million), according to Dan Tri.

Vietnam’s geographical location means it is prone to a variety of disasters. As stated by Dan Tri, Vietnam was ranked among the five countries in the world most likely to be acutely affected by climate change.

The Central Steering Committee for Natural Disaster Prevention and Control reported that from January to June this year, the country experienced 14 different types of natural disasters. Most noticeably, floods in the mountainous northern region starting June, which left 23 dead and at least 10 missing, in addition to causing financial losses of up to VND500 million.

According to Dan Tri, the Lai Chau Province People’s Committee Deputy Chairman Le Trong Quang said at the meeting that there was a need to educate people in disaster-stricken areas on skills for surviving severe weather conditions. Additionally, storm and flood protection systems need to be built. He also added that it was necessary to establish a task force to warn people about risks beforehand, in addition to aiding locals in solving urgent situations.

Meanwhile, the National Center for Hydro-Meteorology and Forecasting estimates that Vietnam will experience eight to 10 tropical storms this year, with four or five directly hitting the mainland.

[Photo via Reuters]


Related Articles:

- Climate Change Is Triggering a Migrant Crisis in Vietnam

- Climate Change Will Put 'Many' Vietnamese Cities Underwater: Official

- In Vietnam, Human Migration Intensifies Effects of Climate Change


Related Articles

in Vietnam

$14 Million Approved For Restoration Of Hanoi’s 112-Year-Old Long Biên Bridge

The fate of one of Vietnam’s most beloved and storied structures took another positive turn last week when the government approved a $14 million restoration package for Long Biên Bridge.

in Vietnam

'Amazing Race Vietnam' Apologizes for Challenge Harming Coral Reef

An underwater challenge during this year’s installment of The Amazing Race Vietnam is not sitting well with environmentalists.

in Vietnam

'Engaging With Vietnam' Conference Ruminates on Heritage in Huế

“Living with Heritage, (Re)Creating Heritage: Vietnam and the World” is the title of the 14th Engaging with Vietnam conference, a series of activities including academic panel discussions, keynote tal...

in Vietnam

10 Killed, Over 30 Missing in Central and Northern Vietnam as Storm Son-Tinh Brings Flash Floods

Heavy rains from storm Son-Tinh, which eventually weakened to a tropical depression, have caused flash floods and fatalities in central Vietnam.

in Vietnam

104-Year-Old Great-Great Grandmother Fights Off Robber

Taking advantage of the elderly will inevitably result in some bad karma, a lesson a Dong Nai man quickly learned after attempting to rob Vo Thi Bai, a 104-year-old woman.

in Vietnam

116-Year-Old Recognized As Vietnam's Oldest Man

The Vietnam Record Organization (VRO) has recognized 116-tear-old Y'N Dong of Đắk Nông Province as the country’s oldest man, reports Vietnam Net.