Corporations and general companies quickly restore production after storms and floods

VCN - After storm No. 3, many corporations and general companies suffered great losses. However, with the role of economic “locomotives”, corporations and general companies are quickly overcoming the damage and restoring production and business after storm No. 3.
VNPT staff and workers urgently overcome the consequences of storm No. 3. Photo: CMSC
VNPT staff and workers urgently overcome the consequences of storm No. 3. Photo: CMSC

According to information from the State Capital Management Committee at Enterprises, regarding human losses, Vietnam National Coal - Mineral Industries Group (TKV) had 2 sailors of Cam Pha Port and Logistics Company die while participating in on-duty work; Vietnam Electricity Group (EVN) had 1 Vinh Phuc electricity official die while participating in strengthening the restoration of the power system after the storm in Quang Ninh province; Vietnam Posts and Telecommunications Group (VNPT) had one worker die, one official while on duty lost his wife and 2 children at home due to flash floods.

Regarding assets and materials, in the energy sector, in Quang Ninh province alone, 2,175 electric poles were broken or fell; 48 transformer stations were damaged; 71,466m of wires were damaged, causing widespread power outages.

In the field of telecommunications and information technology, the telecommunications network infrastructure has broken 12 high masts, damaged 270 power lines, broken 670 fiber optic cables; damaged 220 stations...

However, up to now, EVN has actively implemented measures to overcome the damage. Power supply to important loads in Quang Ninh province has basically been restored; most of the medium voltage lines in Hai Phong have been restored.

VNPT has also deployed synchronous solutions to fix mobile and fixed broadband service problems, ensuring uninterrupted communication. It is expected that VNPT will basically fix the problem of fixed broadband subscribers losing communication before September 30, 2024. MobiFone stores in Hai Phong, Quang Ninh... have also been open all night to support charging, free roaming...

In the field of transport infrastructure, passenger transport and logistics, storm No. 3 caused flooding, damage to toll collection equipment, broken crops, power outages... Damage to railway infrastructure assets invested by the State is estimated at about VND 130 billion; over 30 landslides covered the railway; over 40 flooded locations, washed away roadbeds, stone foundations; hundreds of locations of trees and architectural objects falling onto the railway...

Noi Bai and Cat Bi international airports suffered damage to terminal equipment, ground service vehicles, etc. Equipment, warehouses, and some cranes at Hai Phong port were derailed and structurally deformed due to strong winds; many warehouses and offices suffered heavy damage with an estimated total loss of nearly VND,27.5 billion not to mention the damage to some cranes at Hai Phong port that required an assessment by the manufacturer and damage assessment costs.

But up to now, through the recovery work, the entire air, rail and road transport routes have been cleared; especially 700 tons of relief goods were transported by rail, 30 tons of relief goods were transported by air from Ho Chi Minh City to the North.

Nearly 30 tons of relief goods for the flood-hit areas in the North were transported by Vietnam Airlines. Photo: CMSC
Nearly 30 tons of relief goods for the flood-hit areas in the North were transported by Vietnam Airlines. Photo: CMSC

In the industrial production sector, due to proactive measures to prevent storm No. 3, corporations and general companies represented by the State Capital Management Committee at Enterprises did not suffer much damage; however, factories, warehouses, etc. were also affected.

In the field of agricultural and forestry production, most of the northern forestry units of the Vietnam Forestry Corporation (Vinafor) were severely affected by storm No. 3.

According to information reported by the units, the affected area and damage is 1,237 hectares of planted forests; the value of damaged planted forests is estimated at VND 25.9 billion; nursery gardens are about 4.4 billion; other assets are VND 2 billion... Some machinery systems and warehouses were damaged by storm No. 3, leading to some agricultural products being susceptible to mold and damage; some other member units of the Corporation in provinces such as Yen Bai, Bac Giang, Lang Son, Son La... production and business activities were also greatly affected after the storm.

However, corporations and general companies have promptly overcome the situation, not only stabilizing production and business activities but also participating in supplying goods and supporting people and localities suffering losses.

The Northern Food Corporation (Vinafood 1) and the Southern Food Corporation (Vinafood II) still ensure the quantity of food and goods to meet the food needs of the people, without causing shortages.

By Huong Diu/Bui Diep

Related News

Urgent measures to restore production post-disaster

Urgent measures to restore production post-disaster

VCN - To quickly restore agricultural production after storm No. 3 and floods, the Prime Minister assigned the Ministry of Finance to guide the immediate implementation of financial support policies, tax exemptions, reductions, and extensions, land rents, water surface rents, etc. for those affected by storms and floods; continue to research to have policies to exempt and reduce fees and charges for those affected.
Urgently issue Circular guiding debt restructuring affected by storm No. 3

Urgently issue Circular guiding debt restructuring affected by storm No. 3

VCN - The Governor of the State Bank of Vietnam (SBV) urgently requested the development and issuance of a Circular guiding debt restructuring for customers affected by storm No. 3.
Insurance brings peace of mind to customers during Yagi typhoon

Insurance brings peace of mind to customers during Yagi typhoon

VCN - The Insurance Supervision Authority (Ministry of Finance) initially estimated that the total amount of insurance paid for human and property damage was about VND7,000 billion. However, with the severe damage caused by storm No. 3 (Yagi Typhoon) and the post-storm circulation, this number will certainly increase.
Financial policies and legislations must take people and enterprises as the center

Financial policies and legislations must take people and enterprises as the center

VCN - The formulation of financial legislation plays an important role in promoting socio-economic development and supporting people and businesses, as well as changing and improving the effectiveness of state management methods in the financial sector.

Latest News

State President welcomes top legislator of Cuba

State President welcomes top legislator of Cuba

State President Luong Cuong met with Politburo member, President of the National Assembly of People’s Power, and President of the Council of State of Cuba Esteban Lazo Hernandez in Hanoi on November 2.
Remove "bottlenecks" for economic breakthrough

Remove "bottlenecks" for economic breakthrough

VCN - In recent articles and speeches, General Secretary and President To Lam has repeatedly mentioned that the country is facing a new era of national growth. General Secretary and President To Lam also requested that the “bottlenecks” of the economy must be quickly removed, creating innovation and breakthroughs to complete the set tasks.
Int’l organisations, experts remain optimistic about Vietnam's economic outlook

Int’l organisations, experts remain optimistic about Vietnam's economic outlook

International organisations and experts have made positive comments on the Vietnamese economy, affirming their optimism about Vietnam's economic outlook.
Party chief clarifies major issues on new era of nation

Party chief clarifies major issues on new era of nation

Prof. Dr. To Lam, General Secretary of the Communist Party of Vietnam (CPV)’s Central Committee on October 31 had a discussion with participants of a training course for officials planned for the 14th Party Central Committee, focusing on a number of issues on a new era – the era of the nation’s rise.

More News

Vietnam, others call on US to immediately end embargo against Cuba

Vietnam, others call on US to immediately end embargo against Cuba

Vietnam calls on the US to immediately end its embargo against and remove Cuba from the list of state sponsors of terrorism, moving towards normalising relations between the two countries based on equality, mutual respect, and respect for each other's national sovereignty and political independence, stated Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.
Vietnam

Vietnam's economy is recovering well

VCN - According to Dr. Nguyen Quoc Viet, Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR), by the end of the third quarter of this year, Vietnam's economy had recovered relatively well amid optimism about the overall growth of the world economy in late 2024 and 2025.
“Carbon footprint” reduction needed for sustainable tourism development: insiders

“Carbon footprint” reduction needed for sustainable tourism development: insiders

Vietnam's tourism industry is making efforts to reduce its “carbon footprint” in pursuit of sustainability, focusing on developing “green tours”, upgrading transport infrastructure, and developing renewable energy-used vehicles, said insiders.
Concerted efforts underway to prevent IUU fishing

Concerted efforts underway to prevent IUU fishing

Vietnam is making thorough preparations to welcome the European Commission (EC)'s inspection delegation with the hope of having its “yellow card” on illegal, unreported and unregulated (IUU) fishing against the fisheries sector removed, thus boosting seafood exports to the EU market.
Vietnam needs to diversify supply chains for sustainable growth: economists

Vietnam needs to diversify supply chains for sustainable growth: economists

The diversification of global supply chains is creating significant opportunities for Vietnam to engage more deeply in international production networks. However, along with market expansion prospects, there are challenges posed by trade tensions, the reality of climate change accompanied by natural disasters, and the requirements for carbon emissions reduction, according to experts.
PM arrives in Abu Dhabi, beginning official visit to UAE

PM arrives in Abu Dhabi, beginning official visit to UAE

Prime Minister Pham Minh Chinh, his spouse and a high-ranking delegation of Vietnam arrived at Zayed International Airport in Abu Dhabi at 11 am on October 27 (local time), starting their official visit to the United Arab Emirates (UAE) at the invitation of President Mohamed bin Zayed Al Nahyan.
Big rebound forecast for southern industrial property market in 2025

Big rebound forecast for southern industrial property market in 2025

Despite a challenging 2024 marked by global economic uncertainties and regulatory changes, the industrial property market in the south is poised for a robust recovery in 2025, according to property consultancy Knight Frank.
Vietnams tourism likely to boom under "Six Countries, One Destination" visa initiative

Vietnams tourism likely to boom under "Six Countries, One Destination" visa initiative

A shared visa zone for the Southeast Asia region, similar to Europe’s Schengen visa mechanism, could be a game-changer Vietnam’s tourism sector needs. The proposed “Six Countries, One Destination” initiative aims to facilitate seamless travel across six neighboring countries, thus boosting regional tourism.
Vietnamese Prime Minister to visit UAE, Qatar, Saudi Arabia

Vietnamese Prime Minister to visit UAE, Qatar, Saudi Arabia

Prime Minister Pham Minh Chinh, his spouse, and a high-ranking delegation of Vietnam will pay official visits to the United Arab Emirates (UAE) and Qatar, attend the 8th Edition of the Future Investment Initiative (FII) and make a working trip to Saudi Arabia, from October 27 to November 2.
Read More

Your care

Latest Most read
State President welcomes top legislator of Cuba

State President welcomes top legislator of Cuba

State President Luong Cuong met with Politburo member, President of the National Assembly of People’s Power, and President of the Council of State of Cuba Esteban Lazo Hernandez in Hanoi on November 2.
Remove "bottlenecks" for economic breakthrough

Remove "bottlenecks" for economic breakthrough

General Secretary and President To Lam requested that the “bottlenecks” of the economy must be quickly removed, creating innovation and breakthroughs to complete the set tasks.
Int’l organisations, experts remain optimistic about Vietnam's economic outlook

Int’l organisations, experts remain optimistic about Vietnam's economic outlook

International organisations and experts have made positive comments on the Vietnamese economy, affirming their optimism about Vietnam's economic outlook.
Party chief clarifies major issues on new era of nation

Party chief clarifies major issues on new era of nation

Prof. Dr. To Lam, General Secretary of the Communist Party of Vietnam (CPV)’s Central Committee on October 31 had a discussion with participants of a training course for officials planned for the 14th Party Central Committee, focusing on a number of issues on a new era – the era of the nation’s rise.
Vietnam, others call on US to immediately end embargo against Cuba

Vietnam, others call on US to immediately end embargo against Cuba

Vietnam calls on the US to immediately end its embargo against and remove Cuba from the list of state sponsors of terrorism, moving towards normalising relations between the two countries based on equality, mutual respect, and respect for each other's national sovereignty and political independence, stated Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.
Mobile Version