Statistics of the V-League in the 1986 season.

First phase

20 participants divided over 3 groups playing double round robin; top-2 of each to second phase.

Similar to some Soviet Top League seasons, a draw limit was used. In this case, from the 4th draw on points would not be counted.

Second phase

6 participants playing single round robin; no draws

Results Saigon Port

• Saigon Port 2–0 Army Club
• Saigon Port drw Ha Nam Ninh Industry [4–1 pen]
• Saigon Port 2–1 HCM City Industrial Department
• Saigon Port 4–1 HCM City Custom
• Saigon Port 1–0 HCM City Police

Champions: Saigon Port