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natural disasters

WB intensifies to support Vietnam in natural disaster management

It is essential for Vietnam, whose economy detrimentally impacted by natural disaster to have better risk mitigation mechanisms and plans which will be supported by the World Bank and other international institutions.

Disasters posing threats to Vietnam economy caused damage in excess of US$6.4 billion

Vietnam is highly prone to natural disasters costing the country an average of up to 1.5 per cent of GDP and 300 lives annually.

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