Vietnam Emerging As a Major Wood Product Trading Partner

A surging demand for Vietnamese furniture has created a large market for US wood products and woodworking machinery. Vietnamese manufacturers are rushing to fill the void as Chinese furniture exports dwindle due to US antidumping petitions. As Vietnam's furniture industry grows, so too does its demand for logs, lumber, woodworking machinery and technology. Vietnam’s expanding wood processing industry relies upon imported wood. Total timber imports to Vietnam reached US$250 million in 2003, and significant growth is expected.

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