Is Christmas and New Year a good time to travel in Asia?

My husband and I are looking to travel to Thailand and Vietnam during Christmas and New Year’s time. It will be our first time being away from our family, so we want to know if people in Asia celebrate Christmas and also the New Year. We don’t want to be stuck in a hotel with no activity to do while we’re there. And will the malls, restaurants, bars and transportation be operated during this time?

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