In light of the severe damage caused by Storm No. 3 (Yagi), the Ministry of Finance proposed to the Government on September 12 and 13, 2024, to allocate emergency support from the central budget reserve for 2024 to Yen Bai and Lao Cai provinces to aid in their recovery.
The Ministry of Finance proposed a support package of VND 150 billion for Lao Cai and VND 50 billion for Yen Bai (in addition to the previous support of VND 20 billion for Yen Bai as per Decision No. 943/QD-TTg dated September 9, 2024) to help these provinces recover from the storm’s impact and stabilize the lives of their residents.
The Ministry of Finance also requested the People’s Committees of Lao Cai and Yen Bai provinces to take responsibility for allocating and utilizing the above-mentioned additional funds in accordance with the Law on State Budget and other relevant legal documents.
Yen Bai and Lao Cai provinces suffered extensive losses of life and property due to the impact of Storm No. 3.
Previously, the Ministry of Finance also issued a document to the People’s Committees of provinces and centrally-run cities, the Departments of Finance of provinces and centrally-run cities, the National Reserve Bureau, and the State Reserve Departments on overcoming the consequences and incidents caused by Storm No. 3.
Accordingly, the Minister of Finance requested that the Chairpersons of the People’s Committees of the provinces and centrally-run cities direct the Departments of Finance and other relevant departments to urgently review the damage caused by Storm No. 3 and proactively allocate local budgets and local budget reserves to support and overcome the consequences, ensuring the stability of people’s lives and the recovery of socio-economic activities in the region.
The Ministry of Finance emphasized that in case the local budget faces difficulties, it is necessary to promptly consolidate and propose a support plan to the Ministry of Finance for reporting to competent authorities for decision-making on supplementary allocation from the central budget.
Lao Cai province was severely affected by Storm No. 3, resulting in significant losses of life and property. According to a report by the People’s Committee of Lao Cai province, the initial estimate of damage caused by floods in the province reached VND 3,000 billion.
Out of the nine districts, towns, and cities, six reported fatalities. A total of 255 people were injured or killed, including 98 deaths, 81 missing persons, and 76 injured.
In Yen Bai, according to a quick report from the Provincial Steering Committee for Natural Disaster Prevention, Control, and Search and Rescue, as of the morning of September 13, the historic storm and floods caused 50 deaths and missing persons and injured 30 others.
Regarding housing, 23,389 houses were damaged. Specifically, 167 houses collapsed completely, 195 houses were heavily damaged, 105 houses had to be relocated urgently, 1,173 houses were affected by landslides and embankments, and 21,451 houses were flooded (the water has receded, but the people’s property was severely damaged, and mud and garbage remain in the houses).
“A Heartwarming Act of Philanthropy: The Huynh Uy Dung-led Dai Nam Company Donates 5 Billion VND to Flood Victims.”
Many organizations and individuals in Binh Duong have made generous donations to support the flood-affected people in the region. Among them, Dai Nam Joint Stock Company stands out with their remarkable contribution of 5 billion VND in cash.
The Ultimate Guide to Crafting Compelling Copy: “The Art of Donation Appeals – Unveiling the Power of 12,000 Supporters”
Here is a comprehensive report detailing the united efforts of the Vietnamese people in supporting their fellow citizens affected by the recent Storm No.3. This report, consisting of over 12,000 pages, showcases the incredible compassion and solidarity of our nation. It is a testament to our unwavering spirit and dedication to helping those in need.
[Download link for the report: Supporting our Fellow Citizens – A United Vietnam]
A Helping Hand: PM Phạm Minh Chính Wades Through Mud to Encourage Yên Bái Residents
On the morning of September 12, Prime Minister Pham Minh Chinh and his delegation arrived in Yen Bai to survey the situation and meet with local residents. The Prime Minister inspected and encouraged the forces responding to the floods, taking part in rescue and relief efforts, and providing essential supplies to those affected by the natural disaster.
VietinBank Insurance: Supporting Our Fellow Citizens Affected by Storm No. 3
In the wake of the devastating effects of Storm No. 3, Yagi, on the people of northern provinces in recent days, VietinBank Insurance is committed to standing by its customers and ensuring their insurance benefits. We are also extending our support to those affected, sharing their losses, and helping to alleviate the aftermath of this natural disaster.
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.
