On September 12, 2024, Vingroup and its ecosystem of companies announced a donation of 250 billion VND to support communities affected by Super Typhoon Yagi and prolonged heavy rains. The funds will be allocated directly towards emergency relief efforts, including the reconstruction of approximately 2,000 collapsed homes, providing support of 150-300 million VND to families who have lost loved ones, and contributing to the rebuilding of infrastructure and civil works to help people quickly regain stability after the natural disaster.
Embracing the spirit of “no one in Vingroup is untouched by the loss and suffering of our fellow citizens,” immediately after Super Typhoon Yagi and the heavy rains caused severe damage in several northern provinces, Vingroup and its ecosystem of companies promptly arranged 250 billion VND for an emergency relief fund for the victims.
The budget comes from two sources: funds from the Vingroup corporation and its member companies, and voluntary contributions from over 130,000 Vingroup employees across the system.
Depending on the actual situation, the emergency relief fund will be used to rebuild approximately 2,000 homes for families who lost their homes in the recent storm and floods, providing support of 150-300 million VND to each family who has lost a member due to the natural disaster. The remaining amount will be used to assist families with injured members or those who have suffered significant crop and livestock losses, as well as for clean-up efforts and the reconstruction of important infrastructure serving the community.
Immediately after its launch, the Thien Tam Fund (under the Vingroup corporation) established a rapid response team, directly reaching out to each affected locality to coordinate and implement support plans for the people. Families whose homes have completely collapsed or have lost their main breadwinners will receive special priority in support. In addition to direct implementation, the Thien Tam Fund also collaborates with media units to spread the message of support and mobilize resources to reach the affected communities as soon as possible.
In addition to the 250 billion VND in emergency support, Vingroup also calls on all employees across the system to dedicate their days off to join the Thien Tam Fund in directly participating in relief activities for communities affected by the natural disaster.
Besides Vingroup’s efforts, companies within the Vingroup ecosystem have also proactively joined in providing relief to the affected communities since the early days of the storm and floods.
As one of the leading private enterprises in Vietnam, Vingroup has always been proactive and pioneering in standing side by side with the community to overcome challenges and difficulties, such as responding to the COVID-19 pandemic, providing disaster relief, supporting education, offering free medical examinations and treatment, and helping poor households with livelihood development.
“Vinamilk Donates Essential Nutrition Products Worth Nearly 3 Billion VND to 10 Provinces Affected by Storms and Floods”
Vinamilk Steps Up to Support Northern Provinces Devastated by Yagi, Donating Nearly VND 3 Billion Worth of Essential Nutrition.
The company is providing over 550,000 essential, nutritious products, including milk and water, to those affected by the storm’s aftermath.
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## Businesses Step Up to Support Flood Relief Efforts: Katinat Donates 1,000 VND per Cup, Okkio and Vietjet Air Offer 5,000 VND per Cup and Flight Ticket Respectively.
Katinat is stepping up to support flood relief efforts in Northern Vietnam. From September 12 to September 30, they will be donating 1,000 VND from every drink sold across their stores. Okkio Cafe is also showing their support by contributing 5,000 VND per cup, and Vietjet Air will be donating 5,000 VND per ticket sold. Every contribution counts, and these businesses are leading the way to help those affected by the natural disaster.
Manulife, Prudential, Chubb, and MB Ageas Insurers Have Not Yet Received Any Claims From Yagi Typhoon and Flooding
The six life insurance companies, including AIA and Daichi, have estimated that the payouts for claims and support due to Typhoon Yagi and the floods in Northern Vietnam amount to nearly VND 10 billion. Meanwhile, Manulife, Prudential, Chubb, MB Ageas, and Hanwha are assessing the situation, but have not yet received any damage reports from their customers.
VPBank Initiates Relief Efforts for Communities Affected by Storm No. 3
To support those affected by Typhoon Yagi in multiple provinces, VPBank is offering a 1% reduction in interest rates on existing medium and long-term loans and a 0.5% reduction in interest rates on short-term loans for individual customers with secured assets at the bank, from September 13 to December 31, 2024.
International Tourists Return to Ha Long Bay After Typhoon Yagi
As announced by the Ha Long Bay Management Board, starting today (September 10th), Cruise Routes 1 and 2 in the bay are now fully equipped and ready to welcome visitors.
