HÀ NỘI — Việt Nam’s wood industry has chances and also challenges due to the predicted new trade policies of US President-elect Donald Trump. In the first 11 months of 2024, Việt Nam’s timber and wooden product exports to the US, one of the most important export markets for the Vietnamese industry, were estimated at over US$14.6 billion. Đỗ Xuân Lập, Chairman of the Việt Nam Timber and Forest Products Association, said the total export value this year is expected to reach over $16.2 billion, including $9 billion from the US or 56 per cent of total export value. …However, the export activities of Việt Nam’s wood industry will face strong challenges from the impact of US policies in early 2025. According to Lập, the US is likely to impose new trade policies when Trump is formally sworn in as the US President.