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Vietnam Lifts Typhoon Bualoi Death Toll to 51 as Banks Urged to Support Hit Firms

Financial relief for businesses follows rising damage estimates, with military-led rescues expanding.

Overview

  • A government report lists 14 people missing and 164 injured after Bualoi struck northern central provinces earlier this week.
  • Estimated property losses have risen to about 15.9 trillion dong (roughly US$603 million), with more than 230,000 homes damaged or inundated.
  • Nearly 89,000 hectares of rice and other crops were destroyed, and power failures left tens of thousands of families without electricity.
  • The State Bank of Vietnam told lenders to consider restructuring or freezing loans for affected firms, while officials reported no major industrial damage.
  • Recovery operations involving the Vietnam People’s Army and local militia are ongoing, and forecasters say Typhoon Matmo could impact northern areas early next week.