As China halts timber imports from the US, Vietnam eyes an opportunity to boost its own timber intake for processing and re-export — reinforcing its position as a key player in the global wood furniture market. HA NOI— Amid China’s suspension of log and sawn timber imports from the United States – valued at around US$2 billion annually – Vietnam wood industry is expressing interest in taking in these materials for processing and re-export, particularly to the US market, whic

The export of timber and wood products, after many years of rapid increases, dropped significantly from the beginning of this year.

This year’s forestry exports are estimated at over 16.9 billion USD, up 6.1% from 2021, according to the Vietnam Administration of Forestry.