Typhoon Kalmaegi

Kalmaegi is the 13th typhoon to form in the South China Sea this year and is one of the strongest typhoons on record to hit Central Vietnam. It brought torrential rains and destructive winds to an area already saturated by floods due to record rainfall.[1]

At least 5 people died in Vietnam after Typhoon Kalmaegi pummelled coastal regions with destructive winds and heavy rain on Friday 7th November, following the storm’s deadly passage through the Philippines where it killed at least 188 people.

Vietnam’s disaster management agency reported seven injuries and damage to approximately 2,800 homes. Power outages affected about 1.3 million people.[2]

[1] https://edition.cnn.com/2025/11/06/asia/typhoon-kalmaegi-philippines-damage-vietnam-intl-hnk

[2] https://www.reuters.com/business/environment/typhoon-kalmaegi-brings-rain-destruction-vietnam-death-toll-nears-200-2025-11-07/

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Impact on Businesses

Gia Lai and Dak Lak were the two provinces most severely affected by the storm.[3]

The Nhon Hoi Economic Zone was at the centre of the damage, spanning 12,000 hectares and serving as a vital hub for the socio-economic development of the former Binh Dinh province (now Gia Lai) and the wider Central Region. Its disruption carried serious economic consequences, affecting the non-tariff zone, industrial operations, seaport and port services, as well as tourism, service, and new urban areas.

• Quy Nhon Ward is home to many high-rise buildings and tourist facilities and was the area most severely affected after the storm. Numerous restaurants lost roofs, and strong winds shattered large glass panels at a four-star hotel.[4]
• A row of factory buildings belonging to Nhon Hoi Joint Stock Company (covering an area of about 3 hectares and specializing in wooden furniture production) was blown away by the wind. The pillars and beams were bent and distorted, with estimated damages exceeding 20 billion VND (approx. USD 759,590).[5]
• Deputy Director of Quihub Industrial Park Investment and Development Joint Stock Company, said that the strong winds destroyed the roofs of five factory buildings and broke many steel pillars, with estimated damages exceeding 20 billion VND.[6]
• Numerous solar panels inside the Nhon Hoi Industrial Park were severely damaged[7]
• FAGO Central Feed Company, located in the Nhon Hoi Economic Zone, had many factory and warehouse roofs ruined. Raw materials and finished products were also soaked and damaged by more than 40%, with estimated losses exceeding 50 billion VND (approx. USD 1,898,975).[8]
• The initial estimated damage caused by Typhoon Kalmaegi had amounted to VND 7.05 trillion (USD 268 million), according to the Ministry of Agriculture and Environment’s Vietnam Disaster and Dyke Management Authority. That comprises VND 2.05 trillion in Đắk Lắk Province and VND 5 trillion in Gia Lai Province.[9]

[3] https://vnexpress.net/nha-xuong-khu-cong-nghiep-tan-hoang-sau-bao-kalmaegi-4962513.html

[4] https://vnexpress.net/cua-kinh-vo-mai-ton-bay-khi-bao-quet-qua-4960947.html

[5] https://vnexpress.net/nha-xuong-khu-cong-nghiep-tan-hoang-sau-bao-kalmaegi-4962513.html

[6] https://vnexpress.net/nha-xuong-khu-cong-nghiep-tan-hoang-sau-bao-kalmaegi-4962513.html

[7] https://vnexpress.net/nha-xuong-khu-cong-nghiep-tan-hoang-sau-bao-kalmaegi-4962513.html

[8] https://baochinhphu.vn/thu-tuong-tham-hoi-dong-vien-nguoi-dan-doanh-nghiep-thiet-hai-nang-ne-do-thien-tai-bao-lu-tai-gia-lai-102251113084624014.htm

[9] Initial damage caused by Typhoon Kalmaegi estimated at US$268 million

Insurance Claims

• As of November 9^th, three days after Typhoon Kalmaegi, BIDV Insurance Corporation (BIC) had recorded more than 120 insurance loss cases, with total estimated damages exceeding 60 billion VND. The losses were mainly concentrated in two lines of business: property & engineering insurance and motor vehicle insurance.[10]
• As of November 11^th, Post and Telecommunication Insurance Corporation (PTI) reported having received 77 insurance claims related to damages caused by Typhoon Kalmaegi, with total estimated losses amounting to several billion VND. Binh Dinh province was the hardest-hit area, accounting for 69 loss cases, mostly related to motor vehicle, property, and small business insurance policies. As of now, 19 cases have been fully assessed, 56 are under processing, and 2 cases have been advanced partial payments.[11]
• Previously, during typhoon 10 and 11, there were 3,746 loss cases reported in property and other non-life insurance lines, with total estimated damages of nearly 1.674 trillion VND (approx. USD 63 million).[12]

[10] https://baodautu.vn/bao-hiem-bidv-bic-tiep-nhan-hon-120-vu-ton-that-sau-bao-so-13-d433371.html

[11] https://baomoi.com/pti-tiep-nhan-hon-70-vu-ton-that-sau-bao-so-13-kalmaegi-c53739251.epi

[12] https://baodautu.vn/3748-vu-thiet-hai-do-bao-so-10-va-so-11-uoc-tinh-ton-that-gan-1674-ty-dong-d409045.html