VFF General Secretary Le Hoai Anh announced the news in a footballbriefing on August 8 in Hanoi.
Chung's current deal with the national women's football team willexpire on December 31.
Under the new one, he will take charge of the team until December31, 2023.
His main duty is to lead Vietnam at the 2023 Women's World Cupfinals in Australia and New Zealand next August.
"My contract will be until the end of 2023. I am happy whenreceiving the trust of the VFF but understand that it is a heavy task,"Chung told reporters.
"In 2023, the women's team have a range ofcompetitions such as the SEA Games, the Asian Games and especially theWorld Cup. We will face strong teams like the Philippines who have receivedstrong investment in recent years."
Chung revealed his retirement plan after leading the team toWorld Cup in February. He also repeated his stance before the recentAFF Cup.
However, the VFF found no one more suitable than Chungto take charge of the team and successfully persuaded him to extend hiscontract to 2023.
"The Philippines have improved their team by importingmany foreign players. But it is their way. I have proposed plans to the VFF.In my opinion, the key is to scout and train young players and send themto intensive courses and competitions to sharpen their technique," saidChung when asked how to upgrade his team for the future.
"We should build stable and long-term plans. Look at how theydo it in Japan and the Republic of Korea, and we can learn a lot fromthem," he said./.