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Affordable Christmas & New Years in Asia?

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I'm currently working in the South of Vietnam and am trying to pull together a 10-day Christmas/New Years vacation for myself and a few other young people working here. We have a tight budget (~$300 + flights) but would like to do something fun with our time off. We've recently visited Cambodia, so would prefer an alternative destination. We're all in our mid-20s so are keen for a balance of fun and good sights.

We have been considering Laos, the Philippines and Thailand. Any thoughts or recommendations would be greatly appreciated!

Thanks!

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