Storm No. 3 causes heavy damage
On the morning of September 15, at the Government Standing Committee Conference with localities affected by storm No. 3 chaired by Prime Minister Pham Minh Chinh, Minister of Planning and Investment Nguyen Chi Dung reported on the damage caused by storm No. 3 and proposed a number of support solutions to soon stabilize social life and develop production and business.
Preliminary, incomplete estimates put the property damage caused by storm No. 3 at about VND40 trillion. 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.
Farms, rice and vegetable growers, livestock and aquaculture households in most areas affected by storm No. 3, including coastal areas, urban areas, urban borders, rural areas, mountainous areas, etc., are the most severely damaged, requiring a lot of resources and time to restock, re-crop, and reproduce. Especially when the North is in the season of planting the crop, not yet entering the harvest time.
Due to the impact of storm No. 3, many tourist and accommodation establishments were damaged and had to close for repairs. Therefore, the North will miss the international tourist season (from September 2024 to April 2025) and may not be able to attract domestic visitors, especially key tourist destinations such as Hanoi, Hai Phong, Quang Ninh, Lao Cai, Ha Giang, etc.
Industrial and construction enterprises were also affected by the storm, especially the indirect impact of power outages, communications, labor and workers' families being affected. To limit damage to enterprises and overcome the damage, localities have made efforts to ensure adequate supply of electricity, water, and telecommunications connections so that enterprises can resume production as soon as the weather is more favorable.
According to the State Bank's report, in 20/26 provinces and cities, the estimated affected outstanding debt is about 80 trillion VND (accounting for about 5% of outstanding debt in the area). Of which, in Quang Ninh and Hai Phong, 11.7 thousand customers were affected with outstanding debt of about 23.1 trillion VND. Many roads were flooded and damaged, causing traffic activities (especially roads and railways) to be partially suspended...
Storm No. 3 could cause the country's GDP to decrease by 0.15% in 2024
Statistics from the Ministry of Planning and Investment show that the damage caused by the storm is about 40 trillion 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 decrease by 0.15% compared to the scenario of estimated growth of 6.8-7%, of which the agriculture, forestry and fishery sector will decrease by 0.33%, industry and construction will decrease by 0.05% and services will decrease by 0.22%.
The GRDP growth rate in 2024 of many localities such as Hai Phong, Quang Ninh, Thai Nguyen, Lao Cai... decreased by more than 0.5%.
Source: https://laodong.vn/kinh-doanh/bao-so-3-co-the-keo-gdp-nam-2024-giam-015-1394483.ldo
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