Vietnam's lobster exports to China maintained strong growth momentum in the first nine months of this year

China's lobster imports from various markets increased by 40.86%, an increase of US$558.24 million, while the import value fell by 23%. Analysts believe that despite the general hesitation in consumer spending, Chinese consumers maintain their desire for high-quality seafood. At the same time, it is pointed out that competitive prices and proximity make Vietnamese lobsters a viable choice for Chinese consumers. China-ASEAN relations are developing with strong momentum. The price of lobster imports has fallen by 23%, stimulating consumer demand. Shipping costs remain at a low level due to Vietnam's geographical advantages. According to Feng Thi Kim Thu, a shrimp market expert from the Vietnam Association of Aquatic Products Producers and Exporters, China has relaxed seafood import regulations after the COVID-19 epidemic was brought under control. The subsequent bilateral agreements and the trade liberalization rules of the Regional Comprehensive Economic Partnership ...