{"id":80213,"date":"2021-01-18T11:04:38","date_gmt":"2021-01-18T11:04:38","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/vietnam-tightens-timber-laws-avoid-us-tariff-threats\/"},"modified":"2025-09-19T08:54:37","modified_gmt":"2025-09-19T08:54:37","slug":"vietnam-tightens-timber-laws-avoid-us-tariff-threats","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/vietnam-tightens-timber-laws-avoid-us-tariff-threats\/","title":{"rendered":"Vietnam tightens timber laws to avoid US tariff threats"},"content":{"rendered":"

Vietnam\u2019s wood industry, under investigation by the U.S. Trade Representative for allegedly importing illegally harvested or traded timber, is vowing to tighten regulations and buy more American lumber to avoid punitive tariffs that would devastate the sector.<\/em><\/p>\n

Vietnamese officials are concerned the Trump administration could hit Vietnam with new tariffs on timber as well as other products before it leaves power Jan. 20, said Do Xuan Lap, chairman of the Vietnam Timber and Forest Product Association.<\/p>\n

\u201cWe\u2019ve been buying more and more timber from the U.S.,\u201d he said in a phone interview Friday, adding such imports from the U.S. may increase at least 15% this year. \u201cA high tariff will seriously damage our wood industry, but it will also hurt U.S. companies.\u201d<\/p>\n

The U.S. is the biggest market for Vietnamese wood products, representing an estimated $6.5 billion in 2020, about half of the nation\u2019s total agricultural shipments to America last year, said Nguyen Do Anh Tuan, spokesman for Vietnam\u2019s agriculture ministry. Last year, Vietnam bought about 40% of its timber from the U.S., he said.<\/p>\n

In December, the U.S. Treasury designated Vietnam a currency manipulator, which comes with no immediate penalties but can escalate trade tensions. A virtual hearing on the timber allegations was held Dec. 28.<\/p>\n

Vietnam\u2019s Minister of Industry and Trade Tran Tuan Anh told Lighthizer in a Thursday phone call that the U.S. probe of Vietnam\u2019s currency policy and use of timber could damage bilateral relations and U.S. and Vietnamese businesses, according to a post on the ministry\u2019s website.<\/p>\n

Vietnamese wood-furniture makers, whose customers include Walmart Inc. and Ashley Furniture Industries Inc., will buy as much as 1.3 million cubic meters of wood in 2021, up from about 800,000 cubic meters in 2019, according to Lap, who is also chief executive of Tien Dat Furniture Corp.<\/p>\n

A 25% U.S. tariff on Vietnamese wood products would \u201cdevastate\u201d the sector and its 10,000 workers, Lap said.<\/p>\n

Vietnam is cracking down on illegal timber imports from countries such as Laos and Cambodia, Tuan said. The government has doubled its fine for such activities to about $22,000 with prison sentences as much as 10 years, he said.<\/p>","protected":false},"excerpt":{"rendered":"

Vietnam\u2019s wood industry, under investigation by the U.S. Trade Representative for allegedly importing illegally harvested or traded timber, is vowing to tighten regulations and buy more American lumber to avoid punitive tariffs that would devastate the sector. Vietnamese officials are … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":57909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3264,3911,3525],"class_list":["post-80213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-timber","tag-us-tariffs","tag-vietnam","topic-forestry","topic-sawmilling","topic-wood-construction","topic-wood-furniture","topic-wood-based-panels","area-asia-middle-east","area-north-america"],"acf":[],"yoast_head":"\nVietnam tightens timber laws to avoid US tariff threats - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/vietnam-tightens-timber-laws-avoid-us-tariff-threats\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vietnam tightens timber laws to avoid US tariff threats - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Vietnam\u2019s wood industry, under investigation by the U.S. Trade Representative for allegedly importing illegally harvested or traded timber, is vowing to tighten regulations and buy more American lumber to avoid punitive tariffs that would devastate the sector. 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