Tags closure Business closure hits record high amid pandemic Saturday, Jan 02, 2021 Business closures hit a record high this year of 101,700, 13.9 per cent higher than last year, according to the General Statistics Office. Closing Shop in Vietnam: The Why and the How Tuesday, Jul 30, 2013 The global and local economic downturn has negatively impacted the health of the international business community, resulting in a number of bankrupted or liquidated companies or representative offices (ROs) throughout Vietnam.