Vietnam estimates Typhoon Molave caused US$430mil of Damage


Rescuers and residents search for people who were missing after the landslide in Nam Tra My district, Quang Nam province, Vietnam on October 30, 2020. - Reuters

HANOI, Nov 1 (Bloomberg): Vietnam says Typhoon Molave caused estimated damage of 10 trillion dong (US$430 million) when it struck the country last month, according to a posting on the government’s website, citing a meeting between Prime Minister Nguyen Xuan Phuc and local authorities.

The typhoon, which Deputy Prime Minister Trinh Dinh Dung called "one of the two most powerful storms Vietnam has had in the past 20 years,” destroyed more than 700 houses and left 80 people dead and missing.

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