Read what is in the news in Vietnam today:

Society

-- According to the latest statistics on the damage caused by typhoon Yagi and its aftermath in northern Vietnam, Quang Ninh Province incurred estimated losses of VND23.77 trillion (US$968.43 million), Hai Phong City VND11 trillion ($448.15 million), and Bac Giang Province over VND5.4 trillion ($220 million).

-- Lao Cai Province in northern Vietnam finalized the location for a resettlement area for residents of Bao Yen District’s Nu Village, which was devastated by last week’s flash flood, with implementation set to begin on Monday.

-- After addressing 45 landslides caused by floods, authorities reopened the Hanoi-Lao Cai railway on Sunday, allowing nearly 700 metric tons of relief goods to be transported by train to the flooded areas.

-- Heavy rains in Hanoi from Sunday night to early Monday morning caused widespread flooding and severe congestion on many streets early on the first day of the week.

Business

-- Vietnam’s economic growth in 2024 may decline by 0.15 percentage points compared to the previous forecast due to the impact of Typhoon Yagi, Asia’s most powerful storm this year, according to Planning and Investment Minister Nguyen Chi Dung.

-- From September of last year to the end of August this year, foreign investors net sold over VND85 trillion ($3.46 billion) worth of Vietnamese stocks, according to Viet Dragon Securities Corporation.

Lifestyle

-- Leading up to the Mid-Autumn Festival, which falls on Tuesday this year, the streets of Da Nang City in central Vietnam come alive with the sound of drums, lion dances, and sparkling lanterns, creating a bustling atmosphere.

World News

-- Typhoon Bebinca made landfall in Shanghai on Monday morning as a Category 1 storm, the most powerful tropical cyclone to directly hit the Chinese financial hub in more than seven decades, Reuters reported.

-- A magnitude 6.5 earthquake struck off the coastal city of Port McNeill, in British Columbia, Canada, on Sunday, Reuters quoted the United States Geological Survey as saying.

-- The death toll from flooding in central Europe rose to eight on Sunday as thousands of people were evacuated from their homes in the Czech Republic following days of torrential rain that caused rivers to burst their banks in several parts of the region, Reuters reported.

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