| Season: | 1986 |
| Dates: | 30 March – 8 June |
| Nextseason: | 1987–88 |
Statistics of the V-League in the 1986 season.
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.
6 participants playing single round robin; no draws
Results Saigon Port
Champions: Saigon Port