Pho Hien

Prior to the creation of the team, the PVF Football Academy handed every year all its graduated players to other Vietnamese professional football clubs, which caused difficulties for several players to adapt to the new environment. For that reason, Vingroup, the owner of the PVF Academy established Phố Hiến FC in April 2018 in order to receive the graduated players from the PVF Academy and introduce them to the professional football level. The team's home ground PVF Stadium is situated in the PVF Football Academy training center located in Hưng Yên. During the first season of its existence, club competed in the 2018 Vietnamese National Football Second League and won the promotion to the 2019 V.League 2 after defeating Bà Rịa-Vũng Tàu in the promotion play-offs. In the following season at the professional level, the club left big impressions to the media and fans as they finished runner-up in the V.League 2 with the youngest squad among all the teams.

Since 2023, the club is owned by the Ministry of Public Security and adopted the name PVF-CAND, with CAND as an abbreviation for People's Public Security (Công An Nhân Dân). In the 2023 season, the club finished as V.League 2 runner-up for the second time in their history and reached the Vietnamese Cup semi-finals, being the first V.League 2 team to achieve that since 2005.

On 4 August 2025, following Quang Nam withdrawal from the 2025–26 V.League 1, PVF-CAND, who finished third in the 2024–25 V.League 2's was chosen by the VPF to replace Quang Nam's slot, as V.League 2 runners-up Truong Tuoi Dong Nai refused to participate. This will be PVF-CAND's first ever appearance in the V.League 1.