The cashew nut export target of US$3.8 billion for this year set by the Ministry of Agriculture and Rural Development (MARD) may be achievable given the forecast of high demand for the product in the near future, according to industry experts. The enforcement of major free trade agreements (FTAs) such as the EU-Vietnam Free Trade Agreement (EVFTA), the UK-Vietnam FTA (EVFTA), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has also brought about more chances for local products to access the European, America, and Chinese markets. According to the Vietnam Cashew Association (Vinacas), the cashew nut market is predicted to witness an annual surge of 4.6% throughout the 2021 to 2026 period. In terms of Vietnam, the market is expected to hit US$7 billion in 2025. Last year represented a successful year for the Vietnamese cashew sector with an export volume of 579,800 tonnes and a value of US$3.64 billion, annual rises of 12.6% and 13.3 %, respectively. The highest growth in terms of cashew export earnings was seen in the African market with 35%, followed by the Asian market with 24%. In addition, Vietnamese cashew took 22% of the market share in Europe and 23% in the United States, and even 89% in the Chinese market.