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Vietnam’s factory activity down 2.25 pct in Q1 as exports slump

HANOI, March 30 (Xinhua) — Vietnam’s industrial output in the first quarter this year fell 2.25 percent from a year earlier, against a 6.4 percent year-on-year expansion in the same period last year amid plummeting exports, government data showed on Thursday.

The Southeast Asian country reported a 13 percent decline in smartphone output to 44.9 million units in the first three months from a year ago, while ship