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Amazon Vietnam growth, buoyed by China, defies global tech slowdown

But 'everybody's struggling' from interest rates, drop in COVID-fueled e-commerce

Amazon recruits hundreds of merchants in Ho Chi Minh City. Its growth in Vietnam runs counter to its overall international segment, which reported a loss last quarter. (Photo by Lien Hoang)

HO CHI MINH CITY -- Amazon said its operations in Vietnam are defying a global downturn hitting Big Tech, thanks in part to an influx of Chinese businesses moving into the Southeast Asian nation.

Gijae Seong, head of Amazon Global Selling in Vietnam, said the local division has grown more strongly this year than in 2021, even as the company last week reported a $2.5 billion third-quarter operating loss for its international segment.

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