Vietnam Typhoon Bualoi has claimed 51 lives and caused $603 million in damage.

Vietnam  – (Special Correspondent / Web Desk) – A government report released on Friday stated that 51 people had died in Vietnam as a result of Typhoon Bualoi and the floods it caused, and the central bank urged banks to assist impacted companies.

In addition to bringing massive sea swells, powerful winds, and torrential rains, Bualoi made landfall in northern central Vietnam on Monday, leaving 164 people injured and 14 people missing, the government’s disaster management agency reported.

Additionally, the agency increased its estimate of the amount of property damage caused by the typhoon and its flooding from $435.8 million in a previous report released on Thursday to 15.9 trillion dong ($603 million).

The typhoon severely damaged roads, schools and offices, and caused power grid failures that left tens of thousands of families without electricity, the report said.

More than 230,000 houses were damaged or inundated, and nearly 89,000 hectares of rice and other crops were destroyed, it said.

The report did not mention any major damage to industrial properties.

Vietnam is a regional manufacturing hub, and large factories in or near the typhoon’s path included some owned by Foxconn, Formosa Plastics, Luxshare and Vinfast.

Security of Pakistani citizens aboard flotilla remains govt’s foremost priority: FO

The central bank has told banks to consider restructuring or freezing loans for firms hit by the typhoon, deputy governor Pham Thanh Ha said on Friday.