Natural disasters cost Vietnam US$1.3 billion a year
VOV.VN - Natural disasters which have claimed the lives of more than 300 people are draining the economy of nearly US$1.3 billion every year. This figure is equal to 1-1.5% of GDP, according to Deputy Prime Minister Trinh Dinh Dung.
Millions of Vietnamese are struggling to adapt to the realities of climate change. In its preparations, the country has invested heavily in disaster prevention, improving the infrastructure and initiating projects aimed at alleviating the stresses such disasters put upon local people’s living conditions and production capabilities, said Mr Dung.
Participants at the conference discussed measures to promote policy dialogue on natural disaster risk management, including institutional capacity, financial solutions and water management.
Other issues covered at the conference were Vietnam’s susceptibility to El Nino, impact on agricultural production, food security, health and socio-economics, natural disaster responses, and landslide risk reduction.