The tournament followed the cancellation of the 2021 edition due to COVID-19 safety concerns. Hanoi successfully defended its 2020 title by defeating for its 3rd successive title in the final Binh Phuoc, 2–0.[2] The champion would automatically qualify in the 2023–24 AFC Champions League playoff round as well as the 2023 Vietnamese Super Cup.
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25 teams from both V.League 1 and V.League 2 contested; 7 teams receiving a bye to Round 2 (with Hoang Anh Gia Lai and Viettel FC qualified for AFC Club Competitions in 2022 and 5 other teams following a random draw).[3]