Statistics on Vietnamese people's Tet holiday expenses in Western newspapers

Forbes reported that the average cost of Tet for Vietnamese people is 643 USD (equivalent to 14.2 million VND).

Forbes cited a survey by research firm TNS, saying that the average spending of Vietnamese consumers during Tet was 643 USD (equivalent to 14.2 million VND).

The streets of Ho Chi Minh City are starting to get crowded again after the week-long Lunar New Year holiday – a time when Vietnamese people have to spend a lot of money.

Tet is a holiday that is considered as Christmas and New Year in the West. The festive atmosphere fills every Vietnamese family and millions of people start to travel back to their hometowns to celebrate Tet.

Two women buy lucky money envelopes during the Lunar New Year in Vietnam. (Photo: AFP/Getty Images)

In addition to travel expenses – which always skyrocket during the holidays – spending on household items, food and drinks, and personal items such as clothing (usually new clothes for all family members) also spikes.

In addition, Vietnamese people also have to spend money on buying gifts and presents every time Tet comes. This cost also "eats" quite a lot of money, even more than the Tet bonus.

Then there is lucky money for friends and relatives, especially the elderly and children. The amount of money spent during Tet is not small compared to the income of most Vietnamese people today.

With such “generous” spending, plus the partying and eating atmosphere across the country, Tet is also an occasion that causes expensive human costs.

According to statistics from the Ministry of Health, from February 7 (December 29) to February 12, there were more than 35,000 emergency hospitalizations due to traffic accidents, fights and alcohol poisoning./.

According to VOV.VN