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Asian economies feel the heat from extreme weather

Region faces brewing crisis as costs from damage continue to mount

A Vietnamese man surveys the damage to his home caused by tropical storm Son Tinh at a village outside Hanoi on July 24.   © Reuters

TOKYO -- Abnormal weather in the form of severe rainfall and heat waves has been taking a heavy toll on Asia recently, both in human and economic terms.

In Vietnam, floods caused by torrential downpours on July 18 left more than 30 dead, while a dam collapsed in southern Laos on July 23 after heavy rains, resulting in hundreds missing and more than 6,600 displaced.

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