The Ultimate Guide to New Year’s Day Holidays in 2023: How Many Days Off Will You Get?

The New Year holiday schedule for 2023, as per the Labor Code, includes Sunday (1/1) and Monday (2/1), totaling two days. Businesses may opt to take an additional day off before or after, or even extend the break to three days, depending on their specific circumstances and preferences.

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With just under a month to go until the end of 2022, let’s take a look at the New Year holiday schedules for students, workers, banks, and more in this article!

1New Year Holiday Schedule According to the Labor Law

According to Point a, Clause 1, Article 112 of the 2019 Labor Law, during the New Year holiday, employees are entitled to one day off with full pay on January 1st (of the Gregorian calendar).

Additionally, Clause 3, Article 111 of the 2019 Labor Law stipulates that if a weekly day off coincides with a public holiday, employees shall be entitled to a compensatory day off during the following working days.

As such, since January 1st, 2023, falls on a Sunday, employees are entitled to a compensatory day off on Monday, January 2nd, 2023.

New Year Holiday Schedule According to the Labor Law

For further reference: How many days until New Year’s Day 2023?

2New Year Holiday Schedule 2023 for Employees

2-Day New Year Holiday

For employees with a 1-day-off/week policy (Sunday off), the New Year holiday will span 2 days. However, depending on the regulations and policies of each company or organization, employees may have different days off:

  • 2-day holiday: Saturday (December 31st, 2022) and Sunday (January 1st, 2023).
  • 2-day holiday: Sunday (January 1st, 2023) and Monday (January 2nd, 2023).

2-Day Holiday: Sunday (January 1st, 2023) and Monday (January 2nd, 2023)

3-Day New Year Holiday

For employees with a 2-day-off/week policy, the New Year holiday will span 3 consecutive days, from Saturday (December 31st, 2022) to Monday (January 2nd, 2023).

3-Day New Year Holiday 2023

3New Year Holiday Schedule 2023 for Students

Since New Year’s Day 2023 falls on a Sunday, students will be entitled to a compensatory day off on the following Monday, resulting in a maximum of 3 days off. Specifically:

New Year Holiday Schedule 2023 for College Students

College students will have 2 days off: Sunday (January 1st, 2023) and a compensatory day off on Monday (January 2nd, 2023). Additionally, students’ days off will depend on their individual class schedules and the university’s academic calendar.

New Year Holiday Schedule 2023 for Kindergarten and Elementary School Students

Kindergarten and elementary school students will have a 3-day holiday, from Saturday (December 31st, 2022) to Monday (January 2nd, 2023), and will resume classes on Tuesday (January 3rd, 2023).

New Year Holiday Schedule 2023 for Middle and High School Students

Middle and high school students will have 2 days off: Sunday (January 1st, 2023) and Monday (January 2nd, 2023).

Universities and colleges may have their own holiday schedules, so students should refer to the official announcements from their respective institutions for detailed information regarding their New Year holidays.

New Year Holiday Schedule 2023 for Students

4New Year Holiday Schedule 2023 for Banks

Most banks will observe a 2-day New Year holiday. Specifically, ACB, Sacombank, BIDV, MB, Vietcombank, and Techcombank, among others, will be closed from 5 pm on December 31st, 2022, until the end of January 2nd, 2023. Regular operations will resume on January 3rd, 2023.

Meanwhile, Agribank will observe a 3-day New Year holiday, from December 31st, 2022, to January 3rd, 2023.

New Year Holiday Schedule 2023 for Banks

5New Year Holiday Schedule 2023 for Securities Companies

Securities companies will observe a 2-day New Year holiday, from Sunday (January 1st, 2023) to the end of Monday (January 2nd, 2023).

New Year Holiday Schedule 2023 for Securities Companies

The above is the official and detailed New Year holiday schedule for 2023. We hope this article has provided you with useful information to plan your holidays and leisure activities!

Frequently asked questions

For the New Year holiday in 2023, employees will enjoy a total of 4 days off, from Saturday, December 30, 2023, to Tuesday, January 2, 2024.

The holiday entitlement is based on the Vietnamese government’s Decree No. 98/2022/NĐ-CP, which stipulates that if a public holiday falls on a weekend, the following weekday will be observed as a holiday instead.

Yes, the number of days off can vary depending on the sector and the organization’s internal policies. Some sectors, such as banking or state-owned enterprises, may have different holiday schedules.

During this holiday period, most businesses and organizations will be closed, and employees are expected to take the days off to spend time with family and friends or engage in leisure activities.

Yes, the New Year holiday period is a festive and culturally significant time in Vietnam. People often celebrate with family gatherings, exchanging gifts, decorating their homes, and participating in traditional activities such as cooking special holiday dishes and paying respect to their ancestors.