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In this paper, fiscal decentralisation in Vietnam is examined using a new fiscal decentralisation index, which accounts for both the fiscal autonomy and fiscal importance of subnational governments as developed in the work by D. Vo (Fiscal decentralisation indices: a comparison of two approaches. Rivista di diritto finanziario e scienza delle finanze LXVII, 3 (I), 2008, 295-323). The degree of fiscal decentralisation in Vietnam and China is then compared to that of three selected ASEAN nations, namely Indonesia, the Philippines and Thailand. This is intended that some policy implications from selected ASEAN nations and China's fiscal and economic experience are drawn for Vietnam. [ABSTRACT FROM AUTHOR]