Storm damage is about 40,000 billion VND, estimated to reduce about 0.15% of GDP in 2024
According to the assessment of the Ministry of Planning and Investment (MPI), storm No. 3 and floods caused great damage to people's and State's property in affected localities. Preliminary estimates show that about 257,000 houses, 1,300 schools and many infrastructure works collapsed and were damaged; 305 dike incidents, mainly large dikes of level III or higher; over 262,000 hectares of rice, crops and fruit trees were flooded, damaged and collapsed; 2,250 aquaculture cages were damaged and swept away; nearly 2.3 million livestock and poultry died and nearly 310,000 urban trees were broken. A series of factories and raw material warehouses collapsed, affecting machinery, equipment and goods in the factories, causing production to stagnate.
On September 15, 2024, according to the State Bank's report, in 20/26 provinces and cities, the estimated affected outstanding debt is about 80,000 billion VND (accounting for about 5% of outstanding debt in the area). Of which, in Quang Ninh and Hai Phong, 11,700 customers were affected with an outstanding debt of about 23,100 billion VND. Many roads were flooded and damaged, causing traffic activities (especially roads and railways) to be partially suspended...
Statistics from the Ministry of Planning and Investment show that the damage caused by the storm is about 40,000 billion VND, an estimated decrease of about 0.15% of GDP in 2024. In particular, the country's GDP growth in the third quarter is forecast to decrease by 0.35%, and in the fourth quarter by 0.22% compared to the scenario without storm No. 3. The whole year's GDP is estimated to reach 6.8-7%, of which the agriculture, forestry and fishery sector will decrease by 0.33%, industry and construction by 0.05% and services by 0.22%. The GRDP growth rate in 2024 of many localities such as Hai Phong, Quang Ninh, Thai Nguyen, Lao Cai... will decrease by more than 0.5%.
Quickly stabilize production and regain growth momentum
Sharing with Lao Dong reporter, Deputy Minister of Agriculture and Rural Development Phung Duc Tien emphasized: To quickly stabilize production, the Ministry of Agriculture and Rural Development has prepared seed sources to support localities to restore production immediately after the storm. The Department of Livestock focuses on guiding farmers to proactively implement measures to overcome and restore livestock herds; effectively manage and care for livestock herds. The Department of Animal Health: Directs and organizes sanitation, disinfection, and sterilization measures immediately after the end of the rain and flood to destroy pathogens in the environment; reviews and organizes full vaccination of livestock and poultry according to regulations. The Departments of Fisheries and Fisheries Control direct and guide solutions to support people to restore damaged aquaculture areas.
"It is necessary to focus on providing technical guidance on restoring and taking care of the health of remaining aquaculture stocks after the storm; instructing aquaculture facilities to repair and restore cages, rafts, and aquaculture ponds; fully preparing raw materials, fuel, and input materials for aquaculture, and being ready to release breeds when environmental conditions permit," Deputy Minister Phung Duc Tien emphasized.
According to Director of the Department of Crop Production Nguyen Nhu Cuong: "Immediately after the rain ends, farmers actively plant vegetables to supply the market. For leafy vegetables such as cabbage, they are usually harvested after 30 days or more, while other groups take a little longer. Moreover, vegetable sources from other areas not affected by storms will be quickly transported, so there is no need to worry about a shortage of supply."
