Typhoon Yagi Devastates Northern Vietnam's Industrial Hubs, Disrupts Global Supply Chains

Typhoon Yagi caused severe damage to factories and warehouses in northern Vietnam, resulting in significant operational disruptions. The strongest typhoon in Asia this year made landfall on Vietnam’s northern coast, leading to deadly floods and landslides, which could impact global supply chains. Rehabilitation could take weeks.

Typhoon Yagi has severely damaged a significant number of factories and flooded warehouses in northern Vietnam's export-centric industrial regions, forcing many plants to shut down. Executives say that some facilities are expected to take weeks to resume full operations.

The strongest typhoon in Asia this year, Yagi made landfall on Vietnam's northern coast last Saturday. It continued to cause deadly floods and landslides on Wednesday, killing dozens and destroying crucial infrastructure, including power networks and roads. These disruptions could have far-reaching effects on global supply chains as Vietnam hosts major multinational operations primarily exporting to the United States, Europe, and other developed countries.

In Haiphong, one of the most severely impacted areas, 95% of businesses were anticipated to resume some activities by Tuesday, according to the Haiphong industrial zones management body. Reports indicate extensive damage including blown-off roofs, collapsed walls, overturned fences and signs, and flooded factories.

(With inputs from agencies.)