A coming trade pact between Washington and Beijing could mean U.S. goods will out-muscle regional Asian exporters reliant on sales to China, the International Monetary Fund warned Friday.

President Donald Trump’s top economic adviser says the U.S. and China are “closer and closer” to a trade deal, and that top-tier officials would be talking again this week via “a lot of teleconferencing.”

International experts have questioned which countries would likely be the beneficiaries of the trade war between the US and China and Vietnam remains the pointed one so far.

Negotiators meet again on Monday to resolve dispute that has cast a shadow over global financial markets

U.S. President Donald Trump will meet Chinese Vice Premier Liu He at the White House on Thursday as speculation grows that negotiations over a trade deal between the world’s biggest economies is entering the final stages.

The US-China trade war is the biggest risk to the Asian economy, with the prolonged conflict threatening to “undermine investment and growth in developing Asia”, the Asian Development Bank has said.

At the heart of President Trump’s negotiations with China is a troubling contradiction: The United States wants to use the trade talks to encourage the country to adopt a more market-oriented economy. But a key element of a prospective deal may end up reinforcing the economic power of the Chinese state.

Chinese and U.S. negotiators made “new progress” in trade negotiations as both sides discussed the wording of an agreement that’s designed to resolve a bilateral trade dispute, according to Beijing’s official news agency Xinhua.

Washington launched yet another trade investigation against China on Wednesday, claiming the country dumps wooden cabinetry into the US market, competing unfairly with domestic producers.

Vietnamese importers and exporters should stay alert and take a proactive approach to risks posed by the unpredictable development of the US-China trade tension, experts said at a workshop in Ho Chi Minh City on March 22.