| Tournament details | |
|---|---|
| Host country | Hong Kong |
| Dates | 11–14 February |
| Teams | 4 |
| Venue(s) | 1 (in 1 host city) |
| Final positions | |
| Champions |  Nigeria (1st title) |
| Tournament statistics | |
| Matches played | 4 |
| Goals scored | 9 (2.25 per match) |
| Top scorer(s) |  Paul Foster (3 goals) |
← 1997 1999 → | |
The 1998 Lunar New Year Cup (a.k.a.Carlsberg Cup) was a football tournament held in Hong Kong over the first and fourth day of the Chinese New Year holiday (11 February and 14 February 1998).
Chile Hong Kong League XI (host)
Iran Nigeria All times given in Hong Kong Time (UTC+8).
| Nigeria | 1–0 | Iran |
|---|---|---|
Ahmed Garba [1] [2]  50' |
| Hong Kong League XI | 3–1 | Chile |
|---|---|---|
| Foster 13', 34', 89' | Barrera 5' |
| Iran | 1–1 | Chile |
|---|---|---|
| Mahdavikia 21' | Report | Neira 6' |
| Penalties | ||
Khakpour  Mahdavikia Falahatzadeh Pashazadeh  Abedzadeh | 4–2 | Parraguez Barrera Sierra Olarra |
| Nigeria | 2–0 | Hong Kong League XI |
|---|---|---|
| Siasia 61' Pascal 87' [3] |
| Semi-finals | Final | |||||
| 11 February 1998 – Hong Kong | ||||||
| Nigeria | 1 | |||||
| 14 February 1998 – Hong Kong | ||||||
| Iran | 0 | |||||
| Nigeria | 2 | |||||
| 11 February 1998 – Hong Kong | ||||||
| Hong Kong League XI | 0 | |||||
| Hong Kong League XI | 3 | |||||
| Chile | 1 | |||||
| Third place | ||||||
| 14 February 1998 – Hong Kong | ||||||
| Iran (pen.) | 1 (5) | |||||
| Chile | 1 (3) | |||||
| 1998 Carlsberg Cup Winner |
|---|
 Nigeria First Title |