Ngo Huu Hien, vice chairman of the town, said the festival will be an opportunity for Cam Ranh, dubbed "a kingdom of lobsters", to popularize its staple, promote trade, and expand market domestically and internationally.
Besides, the town, throughout the event, will enhance communications work on local lobster development planning, as well as transfer and showcase new farming technologies, he added.
Various activities are scheduled during the festival such as a cuisine event, a boat race, a culinary contest, and a performance of traditional art, expected to draw throngs of visitors.
Cam Ranh plans to make the festival annual, aiming at introducing and promoting local cultural values as well as economic and tourism potential.
Home to renowned Cam Ranh Bay and Binh Ba Island, Cam Ranh is considered in the same tourism league as San Francisco Bay in the US, and Rio de Janeiro in Brazil.
The town also boasts nearly 80,000 lobster farming cages, and provides the market with 2,600-3,000 tonnes every year.