Every Vietnamese person cherishes the tradition of giving and receiving lucky money, or “Li Xi,” especially children, who eagerly anticipate this custom during the Tet holiday. Lunar New Year, known as Tet in Vietnam, is the most significant celebration of the year, bringing together various customs and traditions that symbolize hopes for prosperity and happiness. Among these traditions, the exchange of lucky money is one of the most beloved and long-standing practices that has remained an essential part of Vietnamese culture.
What is “Li Xi” or Lucky Money?

“Li Xi” refers to a small amount of money placed inside a red envelope and given to children as a token of luck, good health, and success for the coming year. The term originates from the Chinese phrase “lì shì,” meaning “auspicious gift.” Traditionally, the money inside the envelope is newly minted and of modest value, symbolizing renewal and growth rather than material wealth.
Origins of “Li Xi”

The exact origins of this custom remain unclear, but it is widely believed to have originated from China. One legend tells of evil spirits that would harm children during the New Year. To protect their child, a couple placed coins wrapped in red paper under the child’s pillow, and when the spirits arrived, the glow from the coins scared them away. This practice spread and evolved into the modern tradition of giving red envelopes filled with lucky money.
Another legend attributes the practice to the Tang Dynasty, when the emperor presented gold and silver wrapped in red paper to his newborn prince as a form of protection and blessing.
The Significance of “Li Xi”

Though there is no scientific proof that lucky money brings fortune, it undoubtedly brings joy to its recipients. Traditionally, “Li Xi” is given to children as a way to celebrate their growth and wish them a prosperous year ahead. However, the practice has evolved, and nowadays, lucky money is also given to the elderly as a sign of respect and good wishes for their health and longevity.
In earlier times, when life was harder, even a small amount of lucky money was cherished, often saved for essential items. Today, while children may enjoy spending their “Li Xi” on toys or treats, many parents encourage them to save or donate part of their money to charity.
How to Give and Receive Lucky Money
During the first days of the Lunar New Year, people dress in new or traditional attire and visit family and friends, exchanging wishes for health, happiness, and prosperity. Lucky money is then given in red envelopes, which symbolize luck and protection.
A few etiquette rules apply when exchanging “Li Xi”:
- The money should be in new, crisp bills, as old or wrinkled money is considered unlucky.
- The amount should be modest and thoughtful rather than excessive.
- When receiving “Li Xi,” one should use both hands and avoid opening the envelope immediately.
- Always express gratitude and offer good wishes in return.
Modern Trends in “Li Xi”

While “Li Xi” traditionally involved small-denomination coins, today’s givers often choose carefully designed red envelopes and even special currency notes. Some prefer to give U.S. dollar bills or Vietnamese notes with auspicious serial numbers, believing that they bring additional luck.
As Vietnam’s economy prospers, some individuals use “Li Xi” to reflect their wealth or social status. However, the true value of lucky money remains in the heartfelt wishes and cultural significance rather than the amount inside the envelope.
Conclusion
“Li Xi” is more than just a monetary gift; it is a meaningful tradition that strengthens family bonds and spreads joy during Tet. Whether given to children as a symbol of growth or to elders as a gesture of respect, the practice of giving lucky money continues to hold a special place in Vietnamese culture. As each new year begins, the excitement of receiving and giving “Li Xi” reminds everyone of the importance of family, generosity, and good fortune.
