Typhoon Yagi takes heavy toll on IPs in Vietnam’s Hai Phong
Tuesday, September 10, 2024, 15:42 GMT+7
Typhoon Yagi, which made landfall in northern Vietnam on Saturday last week, has left huge devastation across the region, including nine industrial parks in Hai Phong City.
The storm brought down parts of factories in the industrial parks and blew off their roofs.
Downpours triggered by the super typhoon flooded some factories.
In particular, a corner of the learning center of the South Korean-invested LG Electronics factory at An Duong Industrial Park in Hai Phong collapsed as a consequence of typhoon Yagi.
LG Corporation and enterprises in its ecosystem have invested US$7.24 billion in seven factories, including LG Electronics, LG Display, LG Innotek, LG CNS, two LG Chemical factories, and LG International, at the industrial park.
Some 50 satellite businesses of LG have also channeled capital into the industrial park.
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| A factory of Doson Company is flooded in Hai Phong City, northern Vietnam. Photo: Danh Trong / Tuoi Tre |
Yagi caused an over-5,100-square-meter factory of Thanh Thanh Cong - Bien Hoa JSC at Nam Dinh Vu Industrial Park to collapse.
At Nam Cau Kien Industrial Park, factories operated by many enterprises have their roofs blown off. Up to 80 percent of the trees and many lighting systems there gave way.
The disaster also ripped the roofs of factories of 17 companies at Vietnam-Singapore Industrial Park (VSIP) in Hai Phong, nine companies at Japan - Hai Phong Industrial Park, and nine others at An Duong Industrial Park.
Deep C Industrial Park also saw its roof, fences, and gates damaged with the worst-hit enterprises being PHA Vietnam Co. Ltd., BW Co. Ltd., LS Metal Co. Ltd., Pegatron Vietnam Co. Ltd., and Global Material Handling Co. Ltd..
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| Many factories at Do Son Industrial Park remain inundated in Hai Phong City, northern Vietnam. Photo: B.Ngoc / Tuoi Tre |
Many factories at Do Son Industrial Park have been inundated for several days.
Le Trung Kien, head of the Hai Phong Economic Zone Authority, reported that the city had identified the number of factories at industrial parks affected by the typhoon, though specific losses had not yet been estimated.
In a recent meeting with Hai Phong's leadership, Prime Minister Pham Minh Chinh instructed the city to propose tax relief policies for businesses impacted by Yagi to aid in the recovery of their production and operations.
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| A factory collapses after being hit by typhoon Yagi in Hai Phong City, northern Vietnam. Photo: Danh Trong / Tuoi Tre |
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| Hai Phong City has yet to calculate the specific losses of factories caused by typhoon Yagi. Photo: B.Ngoc / Tuoi Tre |
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| A factory in Hai Phong City had its roof blown off, causing damage to the materials inside. Photo: B. Ngoc / Tuoi Tre |
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