Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the U.S. and China prompts companies  to shift production to the region, particularly Vietnam, Bloomberg reports. The European Union Chamber of Commerce in China reported last month that companies operating in China are extremely worried about getting caught in the US-China trade war crossfire and some were considering relocating to Southeast Asia. The World Bank, however, warned that a trade war between the US and China would hurt economies in Southeast Asia as they rely on exports for growth. Many countries in the region would feel “knock-on effects” of rising tariffs because they are tied to supply chains that feed into Chinese exports.