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Business closures outnumber new firms in Vietnam in Q1

HANOI, March 31 (Xinhua) — The number of business closures has exceeded the creation of businesses in Vietnam in the first quarter this year, government data showed on Friday.

The country’s General Statistics Office (GSO) said 60,200 firms closed their doors in the first three months this year, while 57,000 companies were either created or resumed during the period, resulting in a net decline of 3,200 businesse