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Trade war

Southeast Asia benefits from FDI surge in first half

Investments up 18%, with US-China trade war seen accelerating trend

Lower labor costs give foreign manufacturers a reason to relocate to Southeast Asia. This photo shows workers in a foreign-owned company in Vinh Yen city, outside Hanoi.   © Reuters

SINGAPORE -- Southeast Asian countries received more foreign direct investment in the first half of this year from a year ago, and this trend is set to continue as escalating U.S.-China trade tensions prompt manufacturers to relocate production from China.

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