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Trade war

Vietnam emerges as key beneficiary of trade war

US and Chinese companies weigh Southeast Asia as new supply base

Both American and Chinese companies say that the trade war is causing them to lose market share to Vietnamese competitors. (Photo by Ken Kobayashi)

HONG KONG -- Vietnamese companies are emerging as key winners of the trade war between the U.S. and China, according to a new survey of companies from the two nations.

Both American and Chinese companies participating in the survey, published on Monday by the Guangzhou-based American Chamber of Commerce in South China, said that as a result of the trade conflict, they have been losing market share, especially to companies from Vietnam.

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