The club will take the name of its sponsor, the Military Telecom Corporation (Viettel) from the next season.

Despite receiving VND75 billion (US$4.2 million) last year and VND30 billion (US&1.7 million) this year, much of which has been used for recruiting new players and salaries, the team only ranked nine out of the 14 teams in the V-league championship.

The Cong used to be Vietnam’s best football club in history with 13 A1 championship titles and five national championship titles.