Is today a public holiday in Vietnam?

Labour Code 2019, State Bank IBPS Rails & Tết Compensatory Rest

In the Socialist Republic of Vietnam, statutory public holidays are codified under Article 112 of the Labour Code 2019 (Law No. 45/2019/QH14), administered by the Ministry of Labour, Invalids and Social Affairs (MOLISA). Vietnamese workers are entitled to 11 statutory public holidays with full pay per calendar year, supplemented by 1 additional paid national day for foreign expatriate employees.

The Tết (Lunar New Year) Holiday Schedule

The cornerstone of the Vietnamese statutory calendar is the Lunar New Year (Tết Âm Lịch). Under Article 112(1)(b) of the Labour Code, employees receive 5 statutory paid days off for Tết. The exact calendar configuration is determined annually by the Prime Minister of Vietnam based on MOLISA recommendations, pairing the 5 statutory days with adjacent weekend rest days to assemble an unbroken 7- to 9-day national holiday block.

Article 111(3): Mandatory Compensatory Rest (Nghỉ Bù)

Under Article 111, Paragraph 3 of the Labour Code 2019, "if a statutory public holiday coincides with a weekly rest day, employees are entitled to a compensatory day off on the following working day."

This statutory mechanism ensures that holidays falling on a Saturday or Sunday are never absorbed. For example, during National Day (2 and 3 September), any overlap with the weekend pushes statutory compensatory rest days (nghỉ bù) into the adjacent Monday or Tuesday.

Labour Code Article 98: The 300% Overtime Pay Formula

Under Article 98 of the Labour Code 2019, employees who perform work on statutory public holidays are entitled to statutory premium overtime pay:

1. Holiday Daytime Work: Compensated at not less than 300% of the employee's regular hourly wage, excluding the normal daily salary already paid for the rest day (amounting to 400% total compensation for working on the holiday);
2. Holiday Night Work: If holiday shifts extend between 22:00 and 06:00, the employee must receive an additional 30% night work premium plus a 20% daytime holiday overtime supplement, totaling at least 390% of base hourly pay.

Discover optimal leave-combining opportunities around Tết and National Day using our 2026 PTO Maximizer.

Banking Clearing Rails: State Bank of Vietnam (IBPS) vs. NAPAS 24/7

Financial clearing infrastructure across Vietnam is operated by the State Bank of Vietnam (SBV) via the Interbank Electronic Payment System (IBPS):

• Wholesale IBPS Settlement: High-value interbank wholesale transfers, paper cheque truncation, and corporate tax clearing pause operations on official statutory holidays and decreed Tết holiday blocks. Calculate contractual payment delivery windows with our Working Days Calculator.
• Instant Retail Payments (NAPAS 24/7): Managed by the National Payment Corporation of Vietnam, NAPAS 24/7 Fast Transfer operates continuously 365 days a year. Domestic account-to-account mobile banking transfers, VietQR code payments, and retail debit transactions process in seconds throughout the entire Tết holiday.

Securities Exchanges (HOSE & HNX Trading Calendars)

The Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) halt all equity, fund, and corporate bond trading sessions on all Article 112 statutory holidays and official compensatory days (nghỉ bù) decreed by the State Securities Commission (SSC).

Vietnam Payment Rails, Exchange Cutoffs & Statutory Pay Matrix (2026–2027)

When a statutory public holiday or in-lieu bank holiday occurs in Vietnam, commercial banking counters, central bank real-time gross settlement (RTGS) rails, and retail instant payment systems follow distinct operational rules:

Key 2026 vs. 2027 Holiday Date Shifts & Bridge-Day Planning in Vietnam

Because fixed calendar holidays shift one weekday forward between 2026 and 2027 (and movable lunar or liturgical holidays shift by 10 to 15 days), HR teams, payroll processors, and employees in Vietnam should account for the following 2026–2027 date comparisons and leave-bridge opportunities: