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The special model was made for the Lunar Year of the Dragon, which began last month, and has emerald green dragon images hand-painted on its body.
Piaggio offers two engine options for the vehicle: 125cc and 150cc.
The scooter shipped to Vietnam is number 15 out of the 1,888.
The dealership, based in Ho Chi Minh City, has yet to disclose the price of the vehicle since its Vietnam launch is not until April.
This is the second straight limited-edition Vespa based on the 12 Chinese zodiac animals.
It launched the Vespa 946 10° Anniversario with a bunny image last year, the Year of the Water Rabbit.
Only 28 were officially sold, for VND425 million (US$17,240) apiece.
But its price in the market was as high as VND700 million.
