In the worst-case scenario, the food-supply chain and exports would be paralysed if industrial estates - particularly Lat Krabang and Mahachai Market - have to close down due to severe flooding.

Vietnam is one of the world's fastest-growing sourcing and manufacturing locations _ with an average export growth rate that was the highest in the region during the last decade. With its increasing international focus, the booming economy of Vietnam has become a focal point for offshore production by global manufacturers looking for even lower-cost locations than previously offered in China.

Aswas the case in July, the August edition of the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business outperformed its sister report focused on manufacturing.

The growth rate of China's economy is likely to fall below 9 percent next year, pulled down by the deteriorating economic momentum of the largest developed countries, a senior currency regulation official said on Tuesday.