The Thanh Nien Media Corporation and the Vietnam Football Federation revealed the information at a press conference in Nha Trang on April 10.
Five teams from the Republic of Korea, Chinese Taipei, Myanmar and Vietnam are expected to participate in the event.
The champion will receive a gold medal and US$10,000. Meanwhile, the runner-ups will get silver and bronze medals and US$6,000 and US$4,000 respectively.
The organising board will also select the best player, the best goal keeper, and the best scorer. Each will receive US$500.