It will introduce traditional customs and feature arts performances and games for visitors such as the traditional long dress show, calligraphy exhibition and a photo exhibition of lotus flowers, the top candidate for the title Vietnam National Flower.
The exhibition will also show wines and spirits made by modern and traditional methods, with rewards for the most popular.
As many as 50 entrepreneurs will take part in the festival to introduce products served for Tet, such as decorative objects, ornamental trees and consumer goods.
This year the annual event will feature a market-day of the mountainous province of Ha Giang with local specialities, cuisine and festivities of the area's ethnic people such as a pan-pipe, dance and folk duet.
This year's festivities will run at the centre, located at 2 Hoa Lu Street, until the end of January.