Power crisis cost Vietnam $1.4b: World Bank ...Middle East

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HANOI: A severe power shortage in Vietnam caused by an intensely hot spell and unprecedented drought in May and June cost the country $1.4 billion, according to the World Bank.Northern Vietnam suffered rolling blackouts and sudden power outages, with operations at a large number of factories badly impacted. Some businesses were given very little notice or had no warning at all.Vietnam is a crucial part of the supply chain for some of the world's most important companies, and many of them -- including Samsung and Apple supplier Foxconn -- have factories in the north, not far from Hanoi.The World Bank said with an estimated peak demand supply deficit of 1.8GW, businesses in the north reported

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