Hong Kong , China ( CNN ) -- Tropical Storm Conson was downgraded from a typhoon early Saturday , a day after the deadly storm roared into China , along the southern tip of the island of Hainan . Conson is forecast to move through the Gulf of Tonkin on Saturday , making a final landfall in northern Vietnam , near Hanoi , in the afternoon , according to CNN World Weather . The storm , which killed at least 39 people during its westward march across the Philippines this week , had maximum sustained winds of 112 kph ( 70 mph ) Saturday , according to the Joint Typhoon Warning Center . At one point Friday morning , the storm 's winds reached 139 kph ( 86 mph ) , making it the equivalent of a Category 1 hurricane when it reached China . Southern China already had been battling severe flooding that killed 146 people over the past two weeks , destroyed about 113,000 homes and forced more than 1.2 million people to relocate this month , state media said Friday . Forty people were missing . According to the state-run Xinhua news agency , Chen Lei of the State Flood Control and Drought Relief office said the coming rain would exacerbate the flooding . Storms and floods have affected more than 35 million people in 10 China provinces this month . By Thursday , the nation had recorded at least 26 billion yuan ( about $ 3.8 billion ) in economic losses , Xinhua said . Conson had weakened from a typhoon to a tropical storm before its landfall late Tuesday in the Philippines , but that did n't keep the storm from wreaking havoc as it traversed the archipelago off the Asian mainland . Conson then traveled across the South China Sea , picking up strength . Along with the rising death toll , the Philippines ' National Disaster Coordinating Council said Friday that 84 people were missing . CNN 's Judson Jones contributed to this report .
NEW : It is downgraded to a tropical storm . The storm has been blamed for at least two deaths in the Philippines . It is forecast to pass through the Gulf of Tonkin on August .