VBSP working with local leaders in the aftermath of Typhoon Yagi

The contribution aims to help the people in localities severely impacted by the typhoon to recover from the disaster and stabilise their lives quickly.

VBSP deputy CEO Nguyen Thi Hang (left) presents a donation to a representative from Vietnam Fatherland Front

VBSP has also sent teams to the affected regions to offer condolences and encouragement, and present gifts to those experiencing difficulties due to the storm and flooding.

In Ninh Binh province, about 100km distant from Hanoi, VBSP representatives visited and expressed condolences to the family of Nguyen Dinh Khiem, a 27-year-old senior lieutenant from Brigade 513, based in Military Region 3.

Lieutenant Khiem, from Yen My commune, Yen Mo district, sacrificed his life on September 7, while performing storm prevention duties in Binh Lieu district, Quang Ninh province, one of the localities hit directly by Typhoon Yagi.

VBSP deputy CEO Hoang Minh Te visited Bac Giang province on September 10 to present gifts to six families in Luc Ngan and Son Dong districts that incurred huge losses due to the typhoon.

Deputy CEO Hoang Minh Te (right) offers support to the family of Dinh Thi Song, one of the six victims in Luc Ngan

On September 11, VBSP deputy CEO Nguyen Duc Hai, along with local leaders, offered condolences and presented gifts to families in Hoa Binh that lost relatives.

Among them was the family of 52-year-old Xa Van Xom from Tan Minh commune, Da Bac district, a customer of VBSP.

Xom’s house was destroyed in a landslide early in the morning of September 8. Five people inside the house were buried, and four died, including his wife, daughter, and two grandchildren. Xom survived with injuries.

Deputy CEO Nguyen Duc Hai offering condolences to Xa Van Xom

In Quang Ninh province, located at the epicentre of Typhoon Yagi, with wind intensities ranging from levels 13-14 to 16-17 causing severe destruction, VBSP deputy CEO Le Thi Duc Hanh, along with VBSP Trade Union leaders and local management, visited and presented gifts to families facing hardships also on September 11.

Deputy CEO Le Thi Duc Hanh (fourth from the right) offering gifts to an affected family in Tien Yen district

These included households with VBSP loans who incurred heavy property losses in the districts of Tien Yen and Van Don.

According to Vietnam News Agency, as of 7am on September 13, the death toll and number of missing people due to Typhoon Yagi, floods, and landslides has grown to 336. This includes 233 dead and 103 missing.

The northern mountainous province of Lao Cai has been the hardest-hit locality, with 98 dead and 81 missing.

VBSP to focus on credit growth targets The Vietnam Bank for Social Policies, (VBSP), has ensured the safe and efficient implementation of all tasks assigned by the Party and state in the first six months of this year.

SBV orders debt relief and lending support following Typhoon Yagi The State Bank of Vietnam (SBV) has instructed credit institutions to consider offering interest rate reductions, debt restructuring, and new lending support for borrowers impacted by Typhoon Yagi.

US provides $1 million for relief efforts following Typhoon Yagi The US Mission to Vietnam, through the United States Agency for International Development (USAID), is providing $1 million in immediate humanitarian aid to support Vietnam’s efforts to respond to the devastating impacts of Typhoon Yagi.