While TranThi Kim Hong, Le Thi Thuong, Nguyen Thi Minh Nguyet and Le Thu ThanhHuong were all successful in taking their penalties, Myanmar were ontarget in the first three shots until Khin Marlar Tun hit the post andKhin Moe Wai's shot was saved by Dang Thi Kieu Trinh.
The title was the second for Vietnam since the tournament began in 2006.
"We played well and I would like to thank fans for their support," head coach Chen Yun Fat said.
Captain Thuong paid tribute to coach Chen who prepared the team both physically and tactically.
It was Myanmar 's second time as runners-up.
"Our players tried their best," Myanmar head coach Kumada Yoshinorisaid. " Vietnam was the better team and deserve to be champions."
Thailand beat Laos 14-1 in the playoff for a bronze.-VNA