The Vietnam cashew industry is facing challenges due to the COVID-19 pandemic, conflicts between Russia and Ukraine, and inflation. These issues have led to a decrease in cashew exports, with the volume down 9.1% and the value down 9.2% compared to the same period in 2021. The average export price increased by 1.45%, but has not caught up with the increase in import prices of raw materials. The industry is also affected by low productivity in domestic cashew orchards and decreased yield in Indian cashew crops. However, leading cashew processing enterprises in Vietnam are overcoming these difficulties by using reserve raw materials and adjusting production plans. The industry is focusing on quality and promoting in key markets, especially Europe, where the tax rate on processed cashew nut products imported into Europe from Vietnam has dropped to 0% after the EVFTA.