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    Home»Breaking News»Vietnam’s financial markets are closed for Lunar New Year holidays
    Breaking News

    Vietnam’s financial markets are closed for Lunar New Year holidays

    Kevin LeBy Kevin LeJanuary 29, 2022No Comments3 Mins Read
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    If you are an expat working in Vietnam, this is a great time to travel. You can return home for a visit or fly to nearby countries to take advantage of the 9 day break.

    Vietnam’s financial markets will be closed from Monday, January 31 to Friday, February 4, due to the Lunar New Year (Tet) holiday. Trading will resume on Monday, February 7.

    ###: Here’s How the Weather Will Be During Tet Vacation in Vietnam

    Tet, the most important holiday of a year for Vietnamese, is fast approaching. Most companies are busy closing the fiscal year and deciding on employee bonuses, while people in the country and town are already making plans about what to wear and how to spend their vacation.

    Tet, the most important holiday of a year for Vietnamese, is fast approaching. Most companies are busy closing the fiscal year and deciding on employee bonuses, while people in the country and town are already making plans about what to wear and how to spend their vacation.

    Businesses, individuals and tourists should definitely reconsider their plan as a recent proposal from the Ministry of Labour, Disabled and Social Affairs (MOLISA) to the government to extend Tet to 9 days this year. Vietnamese working for government agencies and private companies have days off from January 21 to January 29. The following week is the working day from Monday, January 30 through Saturday, February 4 to make up for a lost day from the week before.

    If you travel to Vietnam during the above-mentioned period, you will probably need to apply for a visa from now on. It takes 5-7 business days for a visa to be processed by Vietnamese embassies abroad and 2-3 days in the case of a visa on arrival. Please note that all Vietnamese entities abroad (including embassies and consulates) observe Tet holiday, so no visa can be issued. You will not be allowed to enter Vietnam without a visa and you may have to cancel your flight and all tours.

    If you do business with a Vietnamese partner, take the long vacation into account. Start the new year with a smile and greetings and avoid all the hard bargaining or bargaining. Most Vietnamese companies dictate how they start the first few days of the year for the next 365 days, avoiding all disputes if possible.

    If you are an expat working in Vietnam, this is a great time to travel. You can return home for a visit or fly to nearby countries to take advantage of the 9 day break.

    ###

    .

    Source: Vietnam Insider

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