Topan Bualoi's Death Topan In Vietnam Soared To 51 People

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JAKARTA - The death toll from Typhoon Bualoi and the floods it triggered in Vietnam increased to 51 people. Meanwhile, the central bank urged banks to support the affected businesses.

Typhoon Bualoi landed Monday in northern-central Vietnam, carrying large sea waves, strong winds, and heavy rains that also left 14 people missing and injured 164 others, according to reports from the government's disaster management agency.

As reported by Reuters, Friday, October 3, the agency also raised the estimated property damage due to the typhoon and its flooding to 15.9 trillion please ($603 million), up from $435.8 million in a previous report released on Thursday.

The Typhoon badly damaged roads, schools, and offices, leading to a power grid failure that caused tens of thousands of families to lose electricity, according to the report.

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

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

Vietnam is a regional manufacturing hub, and major factories inside or near the typhoon route include several factories owned by Foxconn, Formosa Plastics, Luxshare, and Vinfast.

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