The article is based on the analysis of constitutions of the SRV and
newest party documents of the SRV, as well as materials of party press and
opinions of leading experts. The analysis of key features of the power system in Vietnam is of great scientific and practical interest, because without
an adequate understanding of this issue it is impossible to make a correct
analysis of both internal and external political situation. As a result of the
study, the author concluded that the Vietnamese model of a one party political system in a market economy and regional integration has shown its
high efficiency. It has both strengths and weaknesses. If its critical vulnerabilities are neutralized (corruption, degeneration of part of the Party leadership, loss of trust), this system can ensure the country's dynamic development with the CPV in power. Its features, such as simultaneous loyalty
to traditions, flexibility and reliance on modernization of the economy
with the stability of the political system allow to maintain the stability of
the political regime and to introduce innovations in the management of the
party and the country in the new complicating geopolitical conditions.