The Vietnam Cashew Association reported that by the end of December 2023, the country's cashew industry had exported over 600,000 tons of cashew kernels with a turnover of 3.6 billion USD, maintaining its position as the top cashew exporter globally for 16 years. However, the industry faces instability due to overdevelopment of small-scale production and processing, leading to excess capacity and intense competition for raw materials and sales. To address these challenges, the association plans to hold an International Cashew Conference to discuss solutions for reshaping supply and demand and regulating prices in the global market.