Storm No. 3 (Yagi) was considered the strongest storm in the South China Sea in 30 years. From September 7-9, 2024, Storm No. 3 and its aftermath ravaged a series of areas in the North and North Central regions, affecting 26 provinces and cities with heavy rains, flash floods, landslides, bridge collapses, etc. for the Northern region, causing great losses of life and property.
According to VietinBank Insurance – VBI, as of the afternoon of September 9, 2024, the company had recorded more than 400 damage cases in property, maritime and motor vehicle businesses (excluding human losses), with an estimated compensation cost of up to hundreds of billions of VND.
Asserting the role and responsibility of one of the leading non-life insurance enterprises, VietinBank Insurance – VBI has been actively coordinating with agencies, organizations and individuals to support customers in disaster prevention and overcoming consequences, soon stabilizing life and production and business after the storm.
As soon as it received information about Storm No. 3, VietinBank Insurance – VBI carried out warning and guidance work, instructing customers on disaster prevention and property protection measures, and loss minimization through various forms and means. At the same time, the company also proactively strengthened the hotline system to promptly receive and support customers in the fastest way in case of an incident.
From September 7, 2024, as soon as it received information that the storm was moving inland, VietinBank Insurance sent a delegation of officials to Haiphong, Quang Ninh and Hanoi – the first localities affected by Storm No. 3 to be ready for rescue and accompany customers. Up to now, the team of assessors and compensation officials of VietinBank Insurance still stand side by side with the localities in relief work, overcoming consequences, proactively statistics of damage and guiding customers on compensation declaration procedures.
Along with compensation-related activities, promoting the spirit of mutual affection, VietinBank Insurance – VBI directly deducted VND 500 million from the social security fund and at the same time launched a call for the joint efforts of officials and employees to support the affected localities from the storm and floods, helping people cope with natural disasters and soon stabilize their lives.
VBI Insurance officials respond to the program to support localities affected by Storm No. 3
Along with the donation activity, officials and employees of VietinBank Insurance – VBI in Thai Nguyen, Quang Ninh, Yen Bai, Lao Cai and other provinces and cities are also actively participating and coordinating with the local authorities in rescue and relief works such as distributing food, drinks, life jackets, medicines and other necessities to people in affected areas.
VBI Insurance officials in Thai Nguyen support the distribution of food and relief to people in flooded areas
On behalf of VietinBank Insurance, Ms. Bui Thi Thanh Xuan – Deputy General Director in charge of the Executive Board said, “Sharing the losses and losses of customers and people in the current flood season, we will try our best to coordinate with related parties to quickly identify losses, ensuring maximum benefits for customers in the shortest time. At the same time, we join hands to support relief activities and overcome damages, contributing to reducing difficulties for fellow people affected by natural disasters.”
VietinBank Insurance – VBI was established in 2008 and is one of the most reputable non-life insurance companies with the largest market share. After more than 15 years of formation and development, up to now, VietinBank Insurance – VBI has affirmed its mission as a solid financial fulcrum for thousands of customers against risks in life with a series of insurance products for individuals and businesses such as VBICare health insurance, motor vehicle insurance, property insurance, technical insurance, cargo and ship insurance…
Along with developing diverse products to serve the needs of customers, VietinBank Insurance – VBI also continuously updates and applies information technology to improve compensation procedures to bring convenience to customers as well as ensure quick and accurate benefit payments to customers.
Urgent Debt Relief and Loan Continuity to Empower Citizens and Businesses to Recover from Storm Disruption.
The residents of the provinces affected by Storm Yagi, including Quang Ninh, Hai Phong, Hanoi, Lao Cai, Yen Bai, and Phu Tho, will be offered debt relief through extended repayment deadlines, interest rate waivers, and new loan opportunities.
The Rail Revival: Restoring Connectivity on the North-South Railway Line Post-Storm
The Vietnam Railways Corporation (VNR) has successfully recovered from the disruptions caused by Typhoon No. 3 on the North-South railway line. With swift and efficient efforts, the railway line is now fully operational, ensuring a return to normal train services as of today, September 8th.
Sure, I can assist with that.
### PVI Insurance: Navigating the Storm with Over VND 400 Billion in Claims Paid to Customers Affected by Storm No.3.
A devastating storm, known as Storm No. 3, swept through northern provinces and cities, leaving a trail of destruction in its wake. The powerful storm resulted in casualties and extensive property damage. In the aftermath, an insurance company stepped up to provide compensation, with payouts totaling an astonishing 400 billion VND to those affected by the storm’s wrath.
“Bank Assesses Storm Damage to Restructure Debt and Reduce Loan Interest for Customers”
The banking sector is actively collating and updating information regarding the extent of damage incurred by their clients. While there has been no official announcement regarding specific relief measures for affected customers, such as repayment extensions, waivers, or reduced interest rates, banks are working to assess the situation and formulate appropriate support strategies.
The Perfect Headline:
“Financial Relief for Quang Ninh: Exploring Credit Support for Customers Affected by Storm No. 3”
The Chairman of the People’s Committee of Mong Cai City has requested that banks defer debt and reduce interest rates on existing loans. In addition, they are encouraging new unsecured loans to provide much-needed financial support to local businesses and citizens. This initiative aims to stimulate economic growth in the area by enabling easier access to capital for reinvestment and business operations.
