Kraig Biocraft Laboratories Inc (KBLB)

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Maybe Next Year:
During the last week of October 2025, devastating floods caused by torrential rain have resulted in significant damage across central Vietnam, including both Lam Dong and Quang Nam provinces. The floods have led to casualties, widespread inundation, property destruction, and crop losses, likely including damage to the sericulture industry, though specific sericulture reports on this event are limited.
Lam Dong province
Casualties: As of October 30, at least 10 people have been killed and eight are missing across the flood-affected provinces, including Lam Dong.
Flooding: Lam Dong has been among the provinces hit by the severe flooding.
Landslides: The record heavy rain has triggered more than 150 landslides in the region, which may have impacted infrastructure and land in Lam Dong.
Sericulture impact: While there are no specific recent reports detailing flood damage to the sericulture industry, Lam Dong is Vietnam's largest silk-producing region and is home to new facilities established by Kraig Biocraft Laboratories. The widespread flooding and landslides likely disrupted mulberry cultivation and silkworm farming operations.
Quang Nam province
Casualties: As of October 29, media reports indicated six fatalities in Da Nang and Hoi An, which is in Quang Nam province.
Historic flooding: Historic flood levels have been recorded, with water reaching up to three meters deep in some areas. The Thu Bon river, which runs through the province, has surpassed its 60-year historic high.
Extensive inundation: Over 128,000 homes in five central provinces, including Quang Nam, were submerged. The UNESCO World Heritage site of Hoi An was severely flooded, with streets turned into canals.
Infrastructure and crops: The severe weather has damaged roads and resulted in the loss of thousands of hectares of crops, which would include agricultural lands used for sericulture.
Sericulture impact: Quang Nam is a traditional hub for sericulture and has been working to revive its silk industry. The severe and historic nature of the flooding almost certainly caused extensive damage to mulberry farms and sericulture operations in the province. No specific sericulture report on the damage was available.