Vietnam’s lobster export to the Chinese market in January-September rose 33 folds, thanks to lower prices and stronger trade ties between the two countries, according to the South China Morning Post.

The Cam Ranh Lobster Festival was official opened in Cam Ranh city in the south-central province of Khanh Hoa on August 9, attracting thousands of visitors.

China, the US and Japan were the three largest importers of Vietnam’s fishery products in the first quarter of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Lobster exports reeled in nearly 30 million USD in January and February, an over 18-fold increase compared to the same period last year, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.

Since China’s reopening on January 8, the export of Vietnamese lobster to this market has increased, but the purchase price of the seafood delicacy has been variable at best, putting farmers at risk of loosing money.

As a high-class, nutrient-rich seafood specialty, lobsters have very high economic value. In the recent years, the South Central Coast has became the "kingdom" of lobster farming in Vietnam.

Lobster farming models in Phan Rang - Thap Cham city, the southern central province of Ninh Thuan have brought high economic value for local farmers.

A workshop on sustainable lobster farming took place in Nha Trang city, the central coastal province of Khanh Hoa on April 13, bringing together policymakers, researchers, business representatives and farmers from central provinces

“Lobster debt can only cleared with lobster!,” declared Nguyen Thanh Nhon, the “Lobster King” of Song Cau town in the coastal province of Phu Yen.