In 2025, Vietnam’s wood industry is targeting $18-18.5 billion in total export value, up 10%-15% on-year. Ngo Sy Hoai, vice chairman of the Vietnam Timber and Forest Products Association (Viforest), revealed that under normal conditions, the goal would be achievable. However, in the current context of global trade turbulence, it is hard to determine whether the target will be realised. US President Donald Trump recently instructed the Department of Commerce to investigate under Section 232 of the 1962 Trade Expansion Act regarding wood and wood products. This could result in tariffs of up to 25% on sawn wood and forestry products, effective as of April 2. The US is accounts for over half of Vietnam’s wood exports, primarily furniture, interior and exterior wood products, carpentry, and refined products, with some plywood, laminated boards, and several other products also being exported. Hoai noted, “Vietnamese wood businesses are on tenterhooks.”