NEWS

Wood production, processing, and export is one of Vietnam's top industries. After the U.S. imposed reciprocal duties of 20% on imports from Vietnam and 40% on any imports involving illegal transshipment, and launched an investigation into Vietnam's wood and furniture imports, the country is reassessing its strategy. "These moves are creating prolonged uncertainty for the wood processing industry," said a representative of the Vietnam wood industry.

Read more: US Trade Policy Uncertainty Prompts Vietnam to Recalibrate Export Strategy →