The team made their second entry in this tournament under South Korean coach Park Hang-seo having qualified from the AFC U-23 qualification in 2018.

[7][8] At the quarter finals, Vietnam managed to lead the match into additional time with a draw score of 3–3 against former champion Iraq, before winning the penalty shoot-out by 5–3, sending the team to semi-finals.

In the main stage which served as the qualification for the 2020 Summer Olympics, Vietnam was again seeded into group D where they would once again reunite with Jordan and the United Arab Emirates, alongside North Korea.

In the 2018 Asian Games, Vietnam made another remarkable achievement under the guidance of coach Park as they qualified to the semi-finals for the first time in their history with a clean sheet.

[20][21] At the semi-finals, Vietnam met the defending champion South Korea, led by their 2018 FIFA World Cup players such as pair strikers Son Heung-min, Hwang Hee-chan and their goalkeeper Jo Hyeon-woo, where they failed to continue their path to the finals after losing by 1–3.

[27][28] In the 2019 edition, Vietnam opened their campaign in Group B with a large victory over Brunei by 6–0 as well as Laos by 6–1 before defeating Indonesia and Singapore through a slim win by 2–1 and 1–0 respectively.

In their last match in the group, Vietnam able to drawn itself by 2–2 against long-time SEA Games men's dominating champion Thailand after being left by two goals in the earlier minutes.

Playing in front of their home fans, Vietnam would successfully defend their Seagames title, as coach Park Hang-seo in his last tournament for the u23/Olympic team, led the nation to their 2nd straight gold medal.

Vietnam would end their campaign with 0 goals allowed, a SEA Games record, as coach Park Hang-seo exits the Under 23/Olympic team in style.

Primary sponsors include: Honda,[33] Yanmar,[34] Grand Sport,[35] Sony,[36] Bia Saigon,[37] Acecook,[38] Coca-Cola,[39] Vinamilk,[40] Kao Vietnam,[41] Herbalife Nutrition[42] and TNI Corporation.