Vietnam's export hub factories may face weeks of disruption after Typhoon Yagi
Yagi disrupts infrastructure, power supply
LG Electronics, Jinko Solar among companies hit
Many expect to resume some activity soon, others need longer
Flooding hits goods ready for export to US, EU
By Francesco Guarascio, Phuong Nguyen and Khanh Vu
HANOI, Sept 11 (Reuters) -Typhoon Yagi severely damaged a large number of factories and flooded warehouses in northern Vietnam's export-oriented industrial hubs, forcing plants to shut, with some expected to take weeks to resume full operations, executives said.
The typhoon, the strongest in Asia this year, made landfall in Vietnam's northern coast on Saturday and was still causing deadly floods and landslides on Wednesday killing dozens and ravaging key infrastructure, including power networks and roads.
The disruptions could affect global supply chains as Vietnam hosts large operations of multinationals that mostly export their products to the United States, Europe and other developed countries.
In the coastal city of Haiphong, one of the areas worst hit by the typhoon, 95% of businesses were expected to resume some activities on Tuesday, the body managing Haiphong industrial zones said on its website.
"Many businesses had their roofs blown off, some walls were torn and collapsed, gates, fences, signs, camera systems, garages and sliding metal doors were overturned, water flooded into factories," a report on its website said.
In the DEEP C industrial zones, which host factories in Haiphong and the neighbouring province of Quang Ninh, 20 out of 150 investors' plants will be out of service for at least a few weeks, said Bruno Jaspaert, head of DEEP C industrial zones.
Based on a review of his clients, he expected power consumption at those facilities would remain one-third below normal for weeks or months because many companies were busy rebuilding their damaged factories.
Among the hardest hit at that industrial park was Jupiter Logistics, which is part of a group co-owned by Japan Airlines Co Ltd 9201.T, according to one official familiar with the survey of the damage.
Jupiter Logistics was not immediately available to comment.
Goods ready for export or delivery to clients were flooded in warehouses in the area, companies said.
In another industrial park in Haiphong, South Korea's LG Electronics 066570.KS said it had partly resumed work on Tuesday, although the factory's walls were crushed on Saturday and a warehouse with refrigerators and washing machines had been flooded.
"Many of them are gone with the wind," said Calvin Nguyen, head of Vietnamese logistics firm WeDo Forwarding Co., referring to products that were to be delivered to the United States and the European Union, without specifying which goods.
The company's three warehouses in Haiphong had their roofs blown off and were still flooded on Wednesday, he said.
The industry ministry did not reply to a request for comment.
POWER CUTS
Power outages were still affecting several areas in the north, as Vietnam's state-owned power distributor EVN worked to restore dozens of damaged electricity lines.
In Quang Ninh, along the coast north of Haiphong, many factories still had no electricity or water service, Jaspaert said.
Chinese solar panel maker Jinko Solar's 688223.SS factory in Quang Ninh was severely damaged, one of its workers said, noting on Tuesday work had not resumed as windows had been smashed and the roof had been blown away.
Jinko was not immediately available for a comment.
Far from the coast, the industrial hubs of Thai Nguyen and Bac Giang which host large factories of multinationals such as Samsung Electronics 005930.KS and Apple AAPL.O supplier Foxconn 005930.KS were also facing severe flooding.
Samsung's large facilities in Thai Nguyen had not been visibly affected on Tuesday evening, according to a Reuters witness.
Water was receding on Wednesday in the province, about 60 km (37 miles) north of Hanoi, but more rain was expected.
Reporting by Francesco Guarascio, Phuong Nguyen and Khanh Vu in Hanoi; Minh Nguyen and Thinh Nguyen in Thai Nguyen; additional reporting by Heekyong Yang in Seoul; Editing by Sonali Paul
متعلقہ اثاثے
تازہ ترين خبريں
دستبرداری: XM Group کے ادارے ہماری آن لائن تجارت کی سہولت تک صرف عملدرآمد کی خدمت اور رسائی مہیا کرتے ہیں، کسی شخص کو ویب سائٹ پر یا اس کے ذریعے دستیاب کانٹینٹ کو دیکھنے اور/یا استعمال کرنے کی اجازت دیتا ہے، اس پر تبدیل یا توسیع کا ارادہ نہیں ہے ، اور نہ ہی یہ تبدیل ہوتا ہے یا اس پر وسعت کریں۔ اس طرح کی رسائی اور استعمال ہمیشہ مشروط ہوتا ہے: (i) شرائط و ضوابط؛ (ii) خطرہ انتباہات؛ اور (iii) مکمل دستبرداری۔ لہذا اس طرح کے مواد کو عام معلومات سے زیادہ کے طور پر فراہم کیا جاتا ہے۔ خاص طور پر، براہ کرم آگاہ رہیں کہ ہماری آن لائن تجارت کی سہولت کے مندرجات نہ تو کوئی درخواست ہے، اور نہ ہی فنانشل مارکیٹ میں کوئی لین دین داخل کرنے کی پیش کش ہے۔ کسی بھی فنانشل مارکیٹ میں تجارت میں آپ کے سرمائے کے لئے ایک خاص سطح کا خطرہ ہوتا ہے۔
ہماری آن لائن تجارتی سہولت پر شائع ہونے والے تمام مٹیریل کا مقصد صرف تعلیمی/معلوماتی مقاصد کے لئے ہے، اور اس میں شامل نہیں ہے — اور نہ ہی اسے فنانشل، سرمایہ کاری ٹیکس یا تجارتی مشورے اور سفارشات؛ یا ہماری تجارتی قیمتوں کا ریکارڈ؛ یا کسی بھی فنانشل انسٹرومنٹ میں لین دین کی پیشکش؛ یا اسکے لئے مانگ؛ یا غیر متنازعہ مالی تشہیرات پر مشتمل سمجھا جانا چاہئے۔
کوئی تھرڈ پارٹی کانٹینٹ، نیز XM کے ذریعہ تیار کردہ کانٹینٹ، جیسے: راۓ، خبریں، تحقیق، تجزیہ، قیمتیں اور دیگر معلومات یا اس ویب سائٹ پر مشتمل تھرڈ پارٹی کے سائٹس کے لنکس کو "جیسے ہے" کی بنیاد پر فراہم کیا جاتا ہے، عام مارکیٹ کی تفسیر کے طور پر، اور سرمایہ کاری کے مشورے کو تشکیل نہ دیں۔ اس حد تک کہ کسی بھی کانٹینٹ کو سرمایہ کاری کی تحقیقات کے طور پر سمجھا جاتا ہے، آپ کو نوٹ کرنا اور قبول کرنا ہوگا کہ یہ کانٹینٹ سرمایہ کاری کی تحقیق کی آزادی کو فروغ دینے کے لئے ڈیزائن کردہ قانونی تقاضوں کے مطابق نہیں ہے اور تیار نہیں کیا گیا ہے، اسی طرح، اس پر غور کیا جائے گا بطور متعلقہ قوانین اور ضوابط کے تحت مارکیٹنگ مواصلات۔ براہ کرم یقینی بنائیں کہ آپ غیر آزاد سرمایہ کاری سے متعلق ہماری اطلاع کو پڑھ اور سمجھ چکے ہیں۔ مذکورہ بالا معلومات کے بارے میں تحقیق اور رسک وارننگ ، جس تک رسائی یہاں حاصل کی جا سکتی ہے۔
