Documents Awareness - Knowledge
logo
OTHER NEWS

Natural disasters bang up Vietnam’s economy

17 September 2013 | 12:55:00 PM

Vietnam is estimated to lose around 1.5% of GDP annually due to property damage caused by natural disasters, one official has said.


By Thao Nguyen

  

Minister of Agriculture and Rural Development Cao Duc Phat speaking at the seminar 

Minister of Agriculture and Rural Development, Cao Duc Phat, made the statement at the seminar on Vietnam-Japan cooperation in natural disaster prevention and control, which was held this morning, September 13, in Hanoi.

Phat said, “The country’s efforts in natural disaster prevention and control have helped reduce the number of fatalities. However, property damage costs have tended to increase in recent years, now accounting for around 1.5% of the country’s annual GDP.”

Statistics showed that in recent years natural disasters tend to occur with greater frequency and so damages continue to rise. This is suspected to be a result of climate change.

Typhoon Linda claimed 778 lives, left 2,123 missing and 1,232 injured while causing property damage worth USD593 million when it raged through Vietnam’s southern region from Bac Lieu to Ca Mau Provinces in November 1997.

In November 1999, several floods struck the central region from Quang Binh to Ninh Thuan Province, causing 600 dead and missing and property losses worth USD270 million.

Floods in the Mekong Delta region in November 2000 caused property damage worth USD280 million. In October of the same year, floods also caused losses of USD140,000 in the northern province of Lai Chau.

 

Natural disasters cause serious property damages to Vietnam annually

According to Phat, the government of Vietnam is trying to take measures to enhance its capacity for natural disaster prevention and control, and cooperation with foreign partners like Japan is part of the effort.

During the meeting this morning, September 13, Vietnam and Japan have signed a memorandum of understanding for cooperation in natural disaster prevention and control through 2020.

“We really sympathise with the difficulties that Japanese people have experienced during recent earthquakes and tsunamis. We greatly admire the Japanese people who are very tenacious in the reconstruction process. We want to learn from Japan about how to improve natural disaster prevention and control,” Phat said.

Ohta Akihiro, Japanese Minister of Land, Infrastructure, Transport and Tourism, said, “After the earthquake and tsunami in March 2011 we received a lot of support from the Vietnamese government and people. Now we want to do something to pay tribute to your country.”

He said that Japan has succeeded in developing technologies that help with dam re-enforcement by using a satellite database. He hoped that the application of such technologies would help enhance Vietnam’s capacity in natural disaster prevention and control.

(Dtinews)


Views: 2804

Other news

HCM City youths join volunteer activities in Laos

(15/06/2025 10:02:AM )

Nha Trang Bay turtle egg-laying area proposed

(27/10/2022 07:46:AM )

Wild elephant appears near Nghe An tourist spot

(27/08/2022 08:07:AM )

Dak Lak Province authorities look for ways to protect the region's elephant number

(11/08/2022 08:18:AM )

Ninh Binh national park receives more rare animals

(04/06/2022 08:13:AM )

World Meteorological Day 2022 stresses role of early warning, early action

(24/03/2022 09:11:AM )

Climate change set as Vietnam-US strategic cooperation area

(02/03/2022 07:26:AM )

“Art for the environment” event launched in Hoi An

(22/02/2022 08:47:AM )

Railway through Central of Vietnam listed among six amazing Asia train journeys

(19/01/2022 07:55:AM )

VIDEO

Environmental Sustainability - we have choices

See more

ENVIRONMENT BRAND

UPCOMING EVENTS
The project that won the First Prize in the...

(VACNE, 17/6/2025) - The topic: “Artificial Wood Production from Straw” by the group of contestants Straw Wood, from Tra Vinh University, has just won the championship of the GVB Prize Startup Competition 2025 in London (United Kingdom) on June 15, 2025.

See more
The first Green Cypress to be recognized...

(VACNE) – These are 2 green cypress trees more than 300 years old with chemical name Calocedrus macrolepis Kurz solemnly held by Ba Vi National Park Management Board to announce the decision of Vietnam Heritage Tree on the morning of February 27, 2024.

See more
Some pictures of the ceremony to recognize...

(VACNE) – N(VACNE) – Authorities, mass organizations and local communities solemnly received the Certificate of Recognition of Vietnamese Heritage Trees for two majestic Sanh trees (nearly 30 meters high, more than 200 years old) in Trieu Phu communal house, in zone 7, Hung Son town, Lam Thao district, Phu Tho province on April 22, 2023 on the occasion of Hung King's death anniversary.

See more
Media contributes to the success of the international...

(VACNE) - On March 21, 2022, the Organizing Committee of the International workshop "The Effects of Environmental Pollution on Biodiversity and Human Health" had a meeting, chaired by Dr. Nguyen Ngoc Sinh - VACNE President

See more
ADB finances climate resilience infrastructure...

The Asian Development Bank (ADB) has approved a $60 million financing package to improve the climate resilience of transport and water supply infrastructure in Vietnam’s south-central coastal provinces of Binh Dinh and Quang Nam, especially in remote upland districts with large ethnic minority communities.

See more
PHOTO GALLERY