Hai Phong City, Vietnam, 2nd Oct, 2024 – SP Group (SP) has made a donation of one billion VND (SGD53,000) in support of families who have been displaced by the effects of Typhoon Yagi, The donation, through the Vietnam Fatherland Front (VFF) in Hai Phong City, will provide critical relief in the form of essential supplies and resources for recovery. These will meet immediate needs such as food and shelter, as well as longer-term rebuilding efforts. Supporting vulnerable communities in times of crisis is a mark of SP’s strong commitment to the Vietnam community.

According to Vietnam authorities, Typhoon Yagi is one of the most severe storms in recent history and has caused devastating economic losses. This is projected to reduce the national gross domestic product (GDP) growth by 0.15%, with some regions like Hai Phong and Quang Ninh seeing a 0.50% decrease. The storm and subsequent flooding have also led to more than 300 casualties and have severely damaged 130,268 houses and other infrastructure across multiple provinces.

“We are heartened by SP Group’s donation, which is a timely boost to the community rebuilding efforts in Hai Phong. This support ensures that those affected can recover quickly and return to normalcy. As an organisation that has strong ties with Vietnam, SP will be able to help hundreds get back on their feet after the storm,” said Mr. Dao Trong Duc - Member of the Standing Committee of the City Party Committee, Chairman of the Vietnam Fatherland Front Committee in Hai Phong City.

“Beyond enabling Vietnam in its journey towards net-zero, SP Group is committed to empowering the communities we serve. We are deeply moved by the resilience of those impacted by Typhoon Yagi, and we stand in solidarity with them as they work to rebuild their lives. This donation represents our shared interest to bring immediate relief and support longer-term recovery efforts for the affected regions in Vietnam,” said Mr Brandon Chia, Managing Director of Southeast Asia & Australia, SP Group.

Since SP entered the Vietnam market in 2020, the company has demonstrated its commitment by supporting the country’s climate change ambitions and net-zero targets through its renewable energy solutions. This includes expanding the deployment of solar across rooftop and utility scale solar plants, and other sustainable and digital energy initiatives. By reducing carbon emissions, these efforts not only contribute to a greener future, but also aim to mitigate the risk of extreme weather events like Typhoon Yagi.

Beyond its immediate humanitarian support, SP is also deeply committed to the long-term well-being of the communities it serves across Vietnam. Earlier this year, SP worked with the Korean Chamber of Commerce and Industry in Vietnam (KoCham) to build homes for underprivileged families in Vietnam, reinforcing its dedication to social development and sustainable support for local populations. These efforts align with the SP’s core values of creating a lasting, positive impact in society.