HANOI, Vietnam – Speaking at a workshop on Vietnam-US timber and wooden product trade… Secretary General of the Vietnam Timber and Forest Products Association (VIFOREST) Ngo Sy Hoai said that in 2024, Vietnam exported wood and wood products worth 9 billion USD to the US, up 24% year-on-year. The US accounts for 55% of the country’s total wood exports. …Meanwhile, Vietnam imported 316.36 million USD worth of timber from the US in 2024, up 32.9% year-on-year, accounting for 11.2% of Vietnam’s total wood imports. …Vietnam has banned natural forest logging since 2014, focusing instead on sustainable plantation forestry… on 3 million hectares of planted forests, mainly acacia and eucalyptus and 1 million hectares of rubber plantations. 700,000 ha of commercial forests in Vietnam have been certified under the Forest Stewardship Council (FSC) or the Programme for the Endorsement ofForest Certification (PEFC) standards. Vietnam aims to reach 70% certified plantation coverage by 2030. Vietnam is also preparing to comply with the EU’s Deforestation Regulation.