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Does the market economy cause folk beliefs to decline?

No. Evidence from many studies shows that folk beliefs flourish precisely when the market economy expands. What changes is the function of the beliefs: from praying for peace and harvests to praying for capital and business opportunities.

From the article “Why traders go to Bà Chúa Xứ to 'borrow fortune': an anthropological view of Sam Mountain pilgrimage”

Knowledge › Vietnam › Vietnamese commemorative days

Vietnam Entrepreneurs' Day (Oct 13): Origin and Meaning

Vietnam Entrepreneurs' Day on October 13 was recognized in 2004, tracing back to Ho Chi Minh's 1945 letter to the industrial and commercial sectors.

Updated 21 Jun 2026Culture and belief
Knowledge › Vietnam › Vietnamese commemorative days

Vietnam Population Day (Dec 26): Origin and Meaning

Vietnam Population Day on December 26 has been observed since 1997, tied to the country's family planning tradition and population work.

Updated 31 Jul 2026Culture and belief
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