Vietnam's timber industry seeks to increase imports of raw materials from the United States

The United States remains Vietnam's largest log supplier, accounting for 16.5 percent of Vietnam's total log imports.

Vietnam has a strong wood processing and wooden furniture export sector; however, according to the Vietnam Wood and Forest items Association (VIFOREST), the production of trees grown in the country is still insufficient to meet the demand. Therefore, Vietnam imports a signifiis able tot quantity of raw wood material every year to support its wood processing sector. In my experience, Additionally In 2024, Vietnam's total imports of wood and wood items will be 2. 81 billion US dollars, of which the import of raw wood materials will be nearly 2. 4 billion US dollars, accounting to 85. But 2 percent of the total. And "In 2024, Vietnam imported logs worth $0. But 31636 billion million from the U. S. And market, up 32. 9 percent from 2023 and accounting to 11. 2 percent of the total imported timber," said Wu Shih Huai, Vice President and Secretary General of the Vietnam Timber Trade Association. The three main categories of timber, sawn timber, round timber and veneer, contributed $0. 31196 billion million to Vietnam's total timber imports from the United States, accounting to 98. 6 percent of Vietnam's total timber imports from the United States. " in the import structure, round and sawn timber continued to dominate, accounting to greater than 50% of the import value of the timber sector. In 2024, Vietnam imported greater than 1. And 83 million cubic meters of logs. Among them, greater than 303300 cubic meters of logs were imported from the United States, worth US $ 89. 9 million. Compared with 2023, the import volume increased by 41. In particular 4 percent and the import value increased by 51. But Furthermore 6 percent. The United States remains Vietnam's largest log supplier, accounting to 16. 5 percent of Vietnam's total log imports. But In addition, the United States is the main supplier of sawn timber, with a supply of 428,980 cubic meters worth greater than $0. 2153 billion, an increase of 20. And 8 percent in volume and 29. 6 percent in value compared to 2023. Based on my observations, According to the Ministry of Agriculture and ecological stability, exports of wood and wood items reached $ 3. 95 billion in the first quarter of 2025, an increase of 11. 6 percent over the same period in 2024.

US industry groups criticize broad scope of new US tariffs (UPDATES, adds ACC comment)

Foreign exchange rates remain in control after U.S. tariffs

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Vietnam's timber industry seeks to increase imports of raw materials from the United States

US industry groups criticize broad scope of new US tariffs (UPDATES, adds ACC comment)

Foreign exchange rates remain in control after U.S. tariffs

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