Vietnam Veterans Day.

Veterans led a march, along with local school children and others, before laying wreaths at the cenotaph.

Formerly known as Long Tan Day, the celebration has been held in Daylesford for several years, and celebrates the Battle of Long Tan on August 18, 1966.

Guest speaker, local veteran Ian Tinetti, spoke on the effect the Vietnam War had on those who fought, and the mateships formed to help them get through it.

Daylesford RSL secretary Neil Chamberlain said people were coming out stronger each year.

"As a member of the RSL, you appreciate the public coming out and supporting us and the veterans, who were pleased to see people on the street stopped to clap as we marched," Mr Chamberlain said.

He said it was so important for the next generations to keep marking the anniversary because Australians owed a lot to those who fought in Vietnam.

"No one says war is good, but we did it because we wanted to help people," Mr Chamberlain said.

"We owe a lot to these people, not only the veterans but to anyone who's been away overseas; it's remembrance, to show you appreciate what these people have done for our country."