Thus, the US accounted for 26.4% of Vietnam’s total cashew exports in the first 7 months of the year. Regarding the trade situation between the two countries, in the first 7 months of the year, exports to the US reached a turnover of more than US$53,096 billion, down 20.82% over the same period last year. Leading the export turnover was the group of machinery, equipment, tools and spare parts with $ 9.2 billion, down 18.5% over the same period in 2022 and accounting for 17.5% of the export proportion. According to statistics of the General Department of Customs, in 2022, Vietnam exported 519,782 tons of cashew nuts with a value of 3.08 billion USD. Compared to 2021, cashew exports decreased by 10.3% in volume and 15.1% in value. With this result, the cashew industry has not fulfilled the target of export turnover of 3.2 billion USD and ended the previous 10-year period of cashew growth (from 2011 to 2021). Also in 2022, the total cashew acreage in the country will remain stable at 305,000 ha. The average yield is 1.25 tons/ha, the output of raw cashews (dry nuts) is estimated at 370,000 tons. Currently, Vietnam’s cashew kernels are present in 90 countries and territories around the world. Export turnover has increased steadily over the years. Since 2006, with a turnover of 520 million USD, Vietnam is officially the world’s No. 1 cashew exporter. In 2023, the Vietnam Cashew Association (Vinacas) set a target of exporting $3.1 billion in cashew nuts, a slight increase of $30 million compared to 2022. It is forecasted that in 2023, Vietnam’s cashew industry will continue to face challenges. difficulties due to slow consumption demand, difficult to increase prices. Not only in Vietnam, cashew nut production and export activities globally are also facing many difficulties and challenges from the economic situation, exchange rate fluctuations, reduced consumption and processing costs. is increasingly escalating.