The death toll in Vietnam from Typhoon Bualoi and the floods it caused has reached 51, according to a government report released on Friday. Authorities also confirmed that 14 people remain missing, while 164 others have been injured.
Typhoon Bualoi made landfall on Monday in northern central Vietnam, bringing heavy rains, powerful winds, and massive sea swells. The disaster management agency reported widespread destruction, including severe damage to schools, roads, and offices. Power outages left tens of thousands of households without electricity for several days.
The government has raised its estimate of property damage to 15.9 trillion dong ($603 million). This is a sharp increase from Thursday’s estimate of $435.8 million. The storm also affected more than 230,000 houses, either damaging or flooding them. Nearly 89,000 hectares of rice fields and other crops were destroyed, further adding to the crisis.
Despite the extensive damage to residential and agricultural areas, the report noted no significant destruction of industrial properties. However, the storm’s path included areas with major factories operated by Foxconn, Formosa Plastics, Luxshare, and VinFast. These companies are key contributors to Vietnam’s role as a regional manufacturing hub.
In response to the disaster, the State Bank of Vietnam has directed banks to provide relief measures for businesses affected by the typhoon. Deputy Governor Pham Thanh Ha announced that banks may restructure loans, delay payments, or freeze debt to ease financial pressure on struggling firms.
Authorities continue rescue and recovery operations while focusing on restoring electricity and essential infrastructure. The government has pledged ongoing support to affected families and businesses as the nation works to recover from one of the most destructive storms in recent years.
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