It was the first time that a Vietnamese team played in the final of the annual event; it is the third event organised by Vietnam.
China's Sichuan started the match well and drew the first blood after beating Vietnam 25-20 in the first set.
In the second, the hosts tied the score in a tension-filled set, edging Sichuan 30-28 with a series of tiebreaks.
In the third set, Vietnam and Sichuan showed the most attractive play with the two sides trailing each other closely. But Sichuan eventually took a 26-24 win to lead the score 2-1.
With big support from fans at the Vinh Phuc Gymnasium, Vietnam raised their spirit to beat Sichuan 25-20, levelling the score to 2-2.
In the tie-break fifth set, Vietnam took the lead with five points, but lost their domination on their home turf. Sichuan was very powerful and tied 5-5 before stretching the lead to 8-5.
When the score was tied at 13, setter Dang Thi Hong faulted her serve and the Sichuan's players scored twice to seal the win at 15-13.
The winner pocketed the gold medal and a $5,000 cash prize, while Vietnam won $3,000. China's Nankai placed third and received $2,000.